O'Neil Property Group

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$1,600,000
342 Days On Site

5805 N Knoxville Avenue
Peoria, IL 61614

For Sale|Business|Active
0
Beds
0
Total Baths
6,779
SqFt
$236
/SqFt
County:
Peoria
Listing Courtesy of MRED as distributed by MLS Grid of BHHS Central Illinois, REALTORS
5805 N Knoxville Avenue5805 N Knoxville Avenue5805 N Knoxville Avenue5805 N Knoxville Avenue
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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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Listing Snapshot
PriceΒ 
$1,600,000
Days On SiteΒ 
342 Days
BedroomsΒ 
N/A
Inside Area (SqFt)Β 
6,779 sqft
Total BathsΒ 
N/A
Full BathsΒ 
N/A
Partial BathsΒ 
N/A
Lot SizeΒ 
N/A
Year BuiltΒ 
N/A
MLS NumberΒ 
12510880
StatusΒ 
Active
Property TaxΒ 
$16,528
HOA/Condo/Coop FeesΒ 
N/A
Sq Ft SourceΒ 
N/A
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS
11 months agoStatus changed to Active
11 months agoListing first seen on site
General Features
Property Sub TypeΒ 
Business
SqFt TotalΒ 
6779
ZoningΒ 
OTHER
Interior Features
CoolingΒ 
Central Air
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Community Features
MLS AreaΒ 
Peoria
Listing Courtesy of MRED as distributed by MLS Grid of BHHS Central Illinois, REALTORS



Based on information submitted to the MLS GRID as of 2026-11-09 08:50 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-11-09 08:50 AM UTC
MRED DMCA Copyright Information Copyright Β© 2026 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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