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4538 N Prospect Rd

$749,900

4538 N Prospect Rd, Peoria Heights, IL 61616

Active
Last Updated: 10/26/2026

5,866 sqft

Building Size

0.1493 acres

Lot Area

Details:
Building Size:    5,866 sqft
Lot Area:    0.1493 acres
Floors:    1
Description:

5,866 SF former restaurant and bar available for sale located in the heart of Peoria Heights' highly sought-after Restaurant Row, the property offers exceptional visibility and access along one of Central Illinois' premier dining and entertainment corridors.
The existing layout includes a commercial kitchen with hood system and walk-in cooler, multiple dining areas, front and rear bars, a banquet room, lounge space, stage area, and dedicated employee and delivery entrances.
Recent improvements include a complete remodel of the front and rear bars in 2016 and a new roof and HVAC systems in 2021. With extensive restaurant infrastructure already in place, the property presents a rare opportunity for an owner-operator, investor, or tenant seeking a restaurant-ready location in a proven hospitality market.

Incentives
Located in a TIF District - Buildout funds available!
$10,000 grant towards signage

BOULEVARD ADD SE 1/4 SEC 22-9-8E LOTS 3-4-5 BLK 7 (EXC N 20' SD LOT 3)

Map:
Documents:
Title
4538_Prospect_Brochure_9.28.26.pdf
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Location
Gallery