5805 N Knoxville Avenue
Peoria, IL, 61614
$1,600,000
Beds
0 Baths
0 SqFt
0 Acres
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MLS #MRD12510880 image #0
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.

Property Details

Price:
$1,600,000
MLS #:
MRD12510880
Status:
Active
Beds:
0
Baths:
0
Type:
Business
Neighborhood:
peoria
Listed Date:
Dec 1, 2025
Total Sq Ft:
6,779
PeoriaPeoria

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Stories
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Financial

Tax Year
2024
Taxes
$16,528

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Community

Market Summary

Current real estate data for Business in Peoria as of Jun 17, 2026
1
Business Listed
198
Avg DOM
$1,600,000
Avg List Price

Property Summary

    5805 N Knoxville Avenue Peoria IL is a Business for sale in Peoria, IL, 61614. It is listed for $1,600,000

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5805 N Knoxville Avenue
Peoria, IL