5805 N Knoxville Avenue — Peoria, IL 61614
Active
Peoria, IL 61614

5805 N Knoxville Avenue

$1,600,000
0 beds · 0 baths
Listed at $1,600,000 146 days on market $16,528/yr taxes
01About this home

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.

02Inside the home
03By the numbers
$1,600,000
List price
Square feet
Bedrooms
Bathrooms
Year built
Lot size
Garage spaces
$16,528
Annual taxes
Bus / Bus w/Real Est
Style
146
Days on market
04Features
Cooling
Central Air
05Neighborhood
  • Asia Grill 450 ft
  • Eat and evolve 500 ft
  • Childers Eatery Junction City 650 ft
  • Hacienda el Mirador 700 ft
  • Cyd's Take Away Market 0.2 mi
  • The Missing Zither 0.2 mi
  • Schnucks 1.2 mi
  • Kroger 1.2 mi
  • Donovan Park 0.2 mi
  • Endres Park 0.6 mi
  • Forest Park Nature Preserve 0.7 mi
  • Bicycle Safety Town 0.7 mi
  • Prospect Park 0.8 mi
  • Peoria Heights Suburban Park 1.0 mi
  • CxT Roasting Company 0.2 mi
  • Starbucks 1.2 mi
  • Leaves and Beans 1.3 mi
  • Cafe Santa Rosa 1.5 mi
POI data via Mapbox · OpenStreetMap contributors
06History

Every event we have for this address, straight from the MLS.

Dec 1, 2025
Listed for saleThis listing
BHHS Central Illinois, REALTORS
$1,600,000
Sourced from MRED. Older events appear here as our history backfill completes.
07Ask Dwello

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08See it for yourself

Stand in the kitchen.
See the light at 4pm.

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Connect with Ewelina, Anna, or Nadeem — real people on our team, no call centers.
Listed by BHHS Central Illinois, REALTORS · Brandon Shaffer
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12510880
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