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KFC 8905 N Allen Rd 2,358 SF Retail Building Peoria, IL 61615 $1,150,000 ($487.70/SF)
Investment Highlights
- Freestanding retail building with drive-thru infrastructure
- Outparcel to Walmart with strong traffic and visibility
- Quick access to Route 6 and major Peoria thoroughfares
- Fully equipped kitchen for immediate use or redevelopment
- Surrounded by national retailers in a thriving corridor
- High-income demographics within 3–5 mile radius
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,358 SF
Building Class
B
Year Built
2000
Price
$1,150,000
Price Per SF
$487.70
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.68 AC
Parking
37 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-06-126-017 | Improvements Assessment | $135,940 |
| Land Assessment | $131,040 | Total Assessment | $266,980 |
Property Taxes
Parcel Number
14-06-126-017
Land Assessment
$131,040
Improvements Assessment
$135,940
Total Assessment
$266,980
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KFC | 8905 N Allen Rd
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