4538 N Prospect Rd, Peoria Heights, IL for sale

Investment Overview

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