Listing provided courtesy of BHHS Central Illinois, REALTORSMREDas Distributed by MLSGrid- MLS# 12510880MLS Provider

5805 N Knoxville AvenuePeoria, IL 61614

Commercial · 6,779 Sq. ft.
$1,600,000 Active

5805 N Knoxville Avenue Overview

Time on Site:
211 days
Visits:
22

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.

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5805 N Knoxville Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 6,779
  • Price/Sq.ft. $236

Details

General

Income/Expenses

  • Existing Lease Type: Gross
  • Operating Expense: 0

Business Information

  • Business Type: Food & Beverage

Location/Region

  • County Or Parish: Peoria
  • MLS Area Major: Peoria

Rent/Lease Information

  • Lease Expiration: 2026-12-31
  • Tenant Pays: Insurance, All Utilities

Tax Information

  • Tax Annual Amount: $16,528.00
  • Tax Year: 2024

General Information

  • Parcel Number: 1416376004
  • Property Type: Business Opportunity
  • Zoning: OTHER

Interior

Building Interior

  • Building Area Total: 6779

General Information

  • Cooling: Central Air
  • Stories: 2

Unit Information

  • Unit SqFt.: 6779

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 155x185x182x167
  • Lot Size Square Feet: 29620

Waterfront/View

  • Waterfront: No

5805 N Knoxville Avenue Neighborhood

Community

61614 (Peoria) Demographics

39
Median Age
2,373
Population Density (per sq. mile)
54%
College Educated
$62,042
Estimated Median Income
8,134
Estimated Total Home Owners
5,041
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5805 N Knoxville Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5805 N Knoxville Avenue Market Data

Based on the last 30 days in this zip code

$257,332
Average List Price
$124
Average Price per Square Foot
0
Properties Sold
43
Average Days on Market
97
Properties for Sale
Calculations provided by Reliance Network

5805 N Knoxville Avenue History

Date Event Value Agent
12/6/2025Source: MRED Status Change
Active
12/1/2025Source: MRED Added to Database
December 01, 2025