900 Riverside Dr | East Peoria, IL 61611
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900 Riverside Dr
East Peoria, IL 61611
Retail Property For Sale
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
Lease Option
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,932 SF
Building Class
B
Year Built
2005
Price
$1,250,000
Price Per SF
$180
Tenancy
Single
Building Height
1 Story
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 | $20,920 |
| Land Assessment | $287,410 | Total Assessment | $308,330 |
PROPERTY TAXES
Parcel Number
01-01-29-203-004
Land Assessment
$287,410
Improvements Assessment
$20,920
Total Assessment
$308,330
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