8905 N Allen Rd - Fast Food FOR SALE


Peoria, IL 61615- North Peoria
$1,150,000 USD
219-864-0200
8905 N Allen Rd, Peoria, IL for Sale
$1,150,000 USD
Fast Food - FOR SALE
1/11
null | Request Cap Rate

8905 N Allen Rd
Peoria, IL 61615
North Peoria


HIGHLIGHTS

  • Freestanding retail building with drive-thru infrastructure
  • Fully equipped kitchen for immediate use or redevelopment
  • Outparcel to Walmart with strong traffic and visibility
  • Surrounded by national retailers in a thriving corridor
  • Quick access to Route 6 and major Peoria thoroughfares
  • High-income demographics within 3–5 mile radius

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$488 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

-

APN/PARCEL ID

14-06-126-017

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.