Positioned in a high-visibility retail corridor, this freestanding former quick-service restaurant (QSR) at 8905 N Allen Rd in Peoria, Illinois presents a turnkey opportunity for investors or owner-users. The property spans 2,707 square feet on a 0.68-acre parcel and is fully equipped with kitchen infrastructure, including a drive-thru, making it ideal for immediate reactivation or redevelopment.
Strategically located as an outparcel to Walmart, the site benefits from consistent foot traffic and strong visibility along N Allen Road, with direct access to Route 6. The surrounding area is a vibrant retail hub, featuring national brands such as Menards, Aldi, AutoZone, Bob Evans, Arby’s, and Burger King, reinforcing the location’s commercial appeal.
Peoria, a mid-sized city in central Illinois, boasts a population of approximately 111,700 (2024 estimate), with over 72,000 residents within a 5-mile radius. The average household income in this area exceeds $100,000, and the average home value ranges from $226,849 to $274,493, indicating a stable and affluent consumer base.
This property’s C2 zoning allows for a variety of commercial uses, and its existing infrastructure significantly reduces startup costs for food service operators. Whether repurposed for another QSR concept, retail storefront, or service-based business, the site offers a compelling blend of location, visibility, and built-in value.