Turnkey Restaurant in Peoria Heights 4319 N Prospect Rd

Investment Highlights

Turn-key Restaurant 11,200 VPD Large bar area with outdoor patios

Executive Summary

Remarks: This popular restaurant on busy Prospect Road in the heart of Peoria Heights is ready for its next owner! This is a rare opportunity to purchase a turn-key Mexican restaurant with sales of $490k last year! Street exposure of 11,200 VPD on an easily accessible corner make this location ideal for a dining establishment. A dedicated turning lane and ample parking welcome your diners as they choose to sit indoors in the spacious dining room or bar area, outdoors in the covered patio, or enjoy some sunlight on the open patio adjacent to the large bar. The property is available with or without the current business. The main dining area is 40x45 and offers a combination booths and low tables with chairs, the 20x56 bar area features a 26' bar that is 8'+ from the back bar allowing for ample space to mix and serve drinks, offers a cooler with 14 beer taps, soda machine, 3 compartment sinks, and has a service window for easy patio service. The main kitchen prep area is 28x23 and offers two walk-in coolers, a chip warmer, multiple rolling coolers and freezers throughout, ice machine, 3 compartment sink with 2 smaller prep sinks, ProPower dishwasher, 2 fryers, 3 flat top grills, a microwave, 4 warming drawers, 2 large ovens, 2 six-burner stoves, 4 small stainless steel prep tables and 1 large stainless steel prep table. Additional parcel for parking lot is APN: 14-22-382-018, which is included in the sale bringing the next owner 125' of frontage along N. Prospect and 106' of frontage along E. Scotia Ave. Furniture includes 12 four-person booths, 9 six-person booths, 2 eight-person high top tables, 10 bar stools, 3 large dining tables that seat eight, 4 four-person tables, 35 dining chairs, 3 hightop tables with 21 chairs, 9 highchairs, a large screen for presentations or special events, a large fish tank, a moveable deep freeze, plus 6 outdoor dining tables with 24 chairs. Additional items are TouchTunes machine, 2 POS system, and gaming license. PRICE IS FOR PROPERTY ONLY - furniture and equipment, business name, menu, and training valued at $115,000.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    5,079
• Building Class    C
• Year Built    1980
• Price    600,000
• Price Per SF    118
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.22
• Land Acres    0.54 AC

• 24 Hour Access
• Air Conditioning