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900 Riverside Dr
East Peoria, IL 61611

Retail Property For Sale

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Executive Summary

Excellent restaurant opportunity in downtown East Peoria. This freestanding, updated, 6,932 sq. ft. restaurant is in a very busy shopping center just off of I-74, next to Chili's and Texas Road House, with the center anchored by Bass Pro Shops and Walmart. Nearby businesses include Lowe's, Target, Costco, Holiday Inn and the Levee District shopping center. All furniture, fixtures and equipment (FF&E) are included in the sale and the existing restaurant business, Social Taco - Mexican Restaurant, could be sold as well (currently has liquor license). The site features 95 parking spaces and 200' of frontage. The restaurant currently has seating for 82 that could easily be expanded to 120, and the kitchen equipment includes fryers, grill, flat top, stove, walk-in cooler to walk-in freezer, beer cooler/storage, POS systems and screens, prep stations/line, and more. The restaurant can also be leased.

PROPERTY FACTS

Sale Type

Investment or Owner User

Sale Condition

Tenants option to buy property

Property Type

Retail

Property Subtype

Restaurant

Building Size

6,932 SF

Building Class

Year Built

2005

Price

£983,562

Price Per SF

£142

Tenancy

Single

Number of Floors

Building FAR

0.13

Lot Size

1.18 AC

Parking

95 Spaces (10 Spaces per 1,000 SF Leased)

Frontage

200 ft on Riverside

PROPERTY TAXES

Parcel Number	01-01-29-203-004	Improvements Assessment	£16,461
Land Assessment	£226,149	Total Assessment	£242,609

PROPERTY TAXES

Parcel Number

01-01-29-203-004

Land Assessment

£226,149

Improvements Assessment

£16,461

Total Assessment

£242,609

Listing ID: 33597588
Date on Market: 22/10/2024
Last Updated:
Address: 900 Riverside Dr, East Peoria, IL 61611

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