Listed by Berkshire Hathaway HomeServices Central Illinois Realtors
$589,000
Former Sonic QSR
Details
APN 01-01-26-300-038
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 1,500
Units 1
Tenancy Vacant
Brand/Tenant Sonic
Year Built 2007
Buildings 1
Stories 1
Lot Size (SqFt) 46,174
Zoning B-3
Ground Lease No
Sale Condition For sale by owner
Former Sonic QSR | 1,500 SF | 1+ Acres
Marketing description
The former QSR located at 245 Farmdale Road in East Peoria is on a 1.06-acre lot in East Peoria. This property offers strong visibility, good access, and significant Enterprise Zone tax and permitting incentives. The site includes an approximately 1,500 SF former drive-thru building with ample parking. It is well-suited for retail, restaurant, service, or other commercial uses.
Enterprise Zone Benefits Include:
- 100% property tax abatement on improvements for 5 years
- Sales tax abatement on building materials purchased in Illinois
- Half-price building permits
This combination of location and cost-saving incentives makes the property an attractive opportunity for investors and owner-users looking to minimize upfront and ongoing expenses in the Peoria metro area.
Contact me for more details or to schedule a showing.
Investment highlights
- Retail/QSR
- 1,500 SF
- 1.06 Acres
- Full Commercial Kitchen
- Located in East Peoria's Enterprise Zone
Listing Contacts
Listed by Berkshire Hathaway HomeServices Central Illinois Realtors
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