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33949467

321 NE MADISON AVE, PEORIA, IL 61603-3605

DS
IL 475118029
The Real Estate Group Inc.
Listed by The Real Estate Group Inc.
$2,800,000
4 days on market
Updated 4 days ago

321 NE MADISON Avenue

Details
APN 1804478004
Property Type Hospitality, Special Purpose (+1)
Sub Type Business and Building, Brewery (+1)
Square Footage 10,800
Units 1
Lot Size (SqFt) 29,287
Zoning Commercial
Ground Lease No

Historic Preservation for a Restaurant & Brewery

Marketing description

321 NE MADISON AVE Peoria, IL 61603 Own a true Peoria landmark with this extraordinary opportunity at 321 NE MADISON AVE. This iconic stone property blends historic character with modern functionality in the heart of downtown, offering exceptional visibility and immediate access to major medical and business hubs. Originally built in 1870 and thoughtfully renovated in 2016, the property features over 31,000 square feet and a striking architectural presence that is impossible to ignore. The spacious lower level supports seating for 150+ guests across approximately 10,000 square feet, with room for dining, events, or a vibrant entertainment concept. A full commercial kitchen, multiple bars, and flexible gathering areas create endless potential for hospitality, event, or adaptive reuse. Positioned near the interstate and surrounded by ongoing downtown development, this one-of-a-kind asset is ideal for investors, owner-users, or visionary operators seeking a memorable, high-profile location. Historic charm, scale, and versatility come together in a property designed to make a lasting impression.

Investment highlights

Discover an extraordinary opportunity to own a piece of history and a turnkey business! This iconic downtown restaurant and brewpub boasts $2.1 million in annual sales, with over $3 million invested in renovations just five years ago.

Timeless Architectural Beauty: Built in 1870 and fully remodeled in 2016, this space combines historic charm with modern functionality. Recognized with award-winning architecture, it’s as visually stunning as it is operationally efficient.

Prime Location: Nestled in the heart of downtown, just steps from the riverfront, this venue offers high visibility and accessibility for locals and tourists alike.

Full-service kitchen supporting a 150-seat dining room (10,000 sq ft).

Spacious outdoor patio featuring bocce ball, bags, and a family- and pet-friendly atmosphere.

Brewhouse (2,600 sq ft) with a 15-barrel capacity, producing an ever-changing lineup of in-house brews.

Enclosed beer garden with a full bar, perfect for hosting private events or live entertainment.

This turnkey business is run by an absentee owner, offering tremendous potential for a hands-on operator to take it to new heights.

Don’t miss this rare chance to own a landmark venue with endless possibilities. Contact us today for more details!

Listing Contacts

DS
IL 475118029
The Real Estate Group Inc.
Listed by The Real Estate Group Inc.

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Zoning

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CN CommercialNeighborhood CommercialNeighborhood Commercial District
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Last updated May 7, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Dan Sperry
License
475118029
Brokerage
The Real Estate Group
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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