Lou's Drive In

4229 N Knoxville Ave, Peoria, IL 61614

Property Information

  • For Sale $450,000
  • Property Type Retail - Restaurant
  • Property Size 773 SF
  • Lot Size 0.44 Acre
  • Property Tenancy Single Tenant
  • Year Built 1953
  • Date Updated Oct 26, 2026

Description

KNOLL CREST SUB #3 NW 1/4 SEC 28-9N-8E OUTLOT 5; ALSO BEG SE COR OUTLOT 5: TH S 8' W 120' N 8' E 120' TO POB PT OUTLOT 2Iconic Peoria Landmark – Serving the community since 1953. Business & Real Estate Offering – Includes the operating business and restaurant equipment. High-Visibility Knoxville Avenue Frontage – Approximately 21,400 vehicles per day. Established Brand & Loyal Following – Known for homemade root beer and classic drive-in fare. Recent Capital Improvements – New roof (2024), A/C unit (2022), grill and flooring (2024), and hood blower (2026). Classic Drive-In Setting – Outdoor dining deck, gazebo, and paved site.

Contacts

Location

Located at 4229 N Knoxville Ave, Peoria, IL 61614, this property is part of the Central Peoria neighborhood.

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