4538 N Prospect Rd

4538 N Prospect Rd, Peoria Heights, IL 61616

Property Information

  • For Sale $749,900
  • Property Type Retail - Restaurant
  • Property Size 5,866 SF
  • Lot Size 0.15 Acre
  • Property Tenancy Multi-Tenant
  • Year Renovated 2021
  • Date Updated Sep 28, 2026

Description

BOULEVARD ADD SE 1/4 SEC 22-9-8E LOTS 3-4-5 BLK 7 (EXC N 20' SD LOT 3)5,866 SF former restaurant and bar available for sale located in the heart of Peoria Heights' highly sought-after Restaurant Row, the property offers exceptional visibility and access along one of Central Illinois' premier dining and entertainment corridors. The existing layout includes a commercial kitchen with hood system and walk-in cooler, multiple dining areas, front and rear bars, a banquet room, lounge space, stage area, and dedicated employee and delivery entrances. Recent improvements include a complete remodel of the front and rear bars in 2016 and a new roof and HVAC systems in 2021. With extensive restaurant infrastructure already in place, the property presents a rare opportunity for an owner-operator, investor, or tenant seeking a restaurant-ready location in a proven hospitality market. Incentives Located in a TIF District - Buildout funds available! $10,000 grant towards signage

Contacts

Location

Located at 4538 N Prospect Rd, Peoria Heights, IL 61616, this property is part of the Peoria Heights neighborhood.

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