4538 N Prospect Rd

4538 N Prospect Rd, Peoria Heights, IL 61616

Property Information

  • For Lease $14.75/SF/YR
  • Property Type Retail - Street Retail
  • Property Size 5,866 SF
  • Lot Size 0.15 Acre
  • Property Tenancy Single Tenant
  • Year Renovated 2021
  • Date Updated Jun 9, 2026

Description

BOULEVARD ADD SE 1/4 SEC 22-9-8E LOTS 3-4-5 BLK 7 (EXC N 20' SD LOT 3)Restaurant Concept Ready | For Sale or Lease | Peoria Heights, Illinois Joseph & Camper Commercial is pleased to offer 4538 N Prospect Road, Peoria Heights, Illinois, a 5,866 SF former restaurant and bar available for sale at $899,900 or lease at $14.75 PSF NNN. 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.Restaurant Concept Ready | For Sale or Lease | Peoria Heights, Illinois Joseph & Camper Commercial is pleased to offer 4538 N Prospect Road, Peoria Heights, Illinois, a 5,866 SF former restaurant and bar available for sale at $899,900 or lease at $14.75 PSF NNN. 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.

1 Space Available

4538 Prospect

Space Type

Retail

Lease Rate

$14.75/SF/YR

Total Space

5,866 SF

Divisible Space

5,866 - 5,866 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Contacts

Location

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

Contact Listing Broker
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