2231 W Glen Ave - Fast Food FOR SALE


Peoria, IL 61614- North Peoria
$1,150,000 USD
219-864-0200
2231 W Glen Ave, Peoria, IL for Sale
$1,150,000 USD
Fast Food - FOR SALE
1/1
null | Request Cap Rate

2231 W Glen Ave
Peoria, IL 61614
North Peoria


HIGHLIGHTS

  • Free-standing building in a high-traffic retail corridor
  • Fully built out with kitchen equipment and drive-thru
  • Surrounded by major national retailers and Northwoods Mall
  • Quick access to Route 150 and strong regional connectivity
  • Modern construction offering turnkey or redevelopment potential

OVERVIEW

Positioned in the heart of Peoria’s vibrant retail corridor, this free-standing former quick-service restaurant offers an exceptional opportunity for an owner-user or investor seeking a prime redevelopment site. Built in 2020 and fully equipped, the property features a drive-thru and a complete kitchen setup, enabling a seamless transition for food service operators or creative repurposing for alternative retail concepts. The site boasts excellent visibility and convenient access just off Route 150, ensuring strong traffic flow and connectivity to major thoroughfares. Surrounding national retailers such as Target, Lowe’s, TJ Maxx, PetSmart, CVS, and Northwoods Mall create a high-traffic environment and a strong consumer draw. Peoria, a centrally located city in Illinois with a population of approximately 111,700, offers a stable economic base and a growing retail market, making this location highly desirable in a competitive landscape. With a generous 0.78-acre lot and modern construction, this property is ideal for businesses seeking a strategic foothold in a market that is challenging to penetrate. Whether continuing as a QSR or reimagining the space for a new concept, this asset delivers flexibility, visibility, and long-term value.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$463 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

14-19-256-047

ASK ABOUT THIS PROPERTY

Myles RapchakLatitude Commercial Real EstateMore Info
219-864-0200

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Myles RapchakLatitude Commercial Real EstateMore Info
219-864-0200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.