5805 N Knoxville Avenue Peoria, IL 61614
6,779 Sq. Ft. / 29,621 Sq. Ft., 0.68 acres lot size / Business Opportunities
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A rare opportunity to acquire a long-established, multi-revenue hospitality business located in one of Peoria's most desirable park settings. This turnkey operation offers full-service dining, a popular bar component, a thriving take-away market, and a highly sought-after outdoor dining experience. The building includes approximately 6,779 sq/ft of finished space and sits on roughly 29,620 sq/ft of property, providing excellent flow for customers, staff, and operations. The business features multiple income streams including dine-in service, bar sales, grab-and-go market offerings, and established catering and large group/corporate capabilities. A separate cafe/market entrance allows for breakfast service, coffee, baked goods, deli items, and prepared meals. The property offers parking for 100+ vehicles, making it ideal for high-volume traffic and special events. The entire facility has been completely remodeled and updated, creating a modern, efficient, and visually appealing environment. All fixtures, inventory, supplies, recipes, and furniture remain, allowing a new owner to step into a fully operational, well-equipped business on day one. A pre-negotiated long-term lease is already in place at a fantastic rate, with options secured through 2038, providing stability and predictable overhead for many years to come. Located within a well-traveled Peoria park, the business benefits from consistent foot traffic from families, walkers, outdoor enthusiasts, and visitors attending community activities. The setting offers a unique customer experience not found in traditional commercial corridors. Ideal for an owner-operator or hospitality entrepreneur seeking diversified revenue and strong community recognition.
property details
Type
Business Opportunities
Status
Active
County
Peoria
Sq. Ft.
6,779
Lot Size
29,621 Sq. Ft., 0.7 acres
Listing Id
12510880
Courtesy Of
Brandon Shaffer - BHHS Central Illinois, REALTORS +1 (309) 663-7653
List Office Phone
+1 (309) 663-7653
Interior Features
Living Area Units
Sq. Ft.
Exterior Features
Stories
2
Utility & Building Info
Below Grade Finished Area
0
Price Per Sq Meter
$0
Building Area Total
6,779 Sq. Ft.
Architectural Style
2 Story
Price History
| date | event | price | source |
|---|---|---|---|
|
12/01/2025
12/01/2025
|
Active |
$1,600,000
|
MRED- Midwest Real Estate Data MLS |
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Market Trends
Source: Constellation1
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