Peoria Portfolio of properties for Sale - North Peoria

This portfolio includes multiple high-visibility outlots located within the Grand Prairie master-planned development in Peoria, Illinois. Each pad offers strong national co-tenancy, exceptional traffic exposure, and flexible development options (ground lease, build-to-suit, or sale). Individual outlots can be acquired separately or as a combined portfolio. Included Outlots: Outlot 1 – 0.45 AC Outlot 2 – 0.91 AC Outlot 3 – 1.01 AC Outlots 10–12 (Proposed) – 3.07 AC Outlot 9 – 0.90 AC Outlot 3A – 0.07 AC East Lot 1 – 2.25 AC All sites are positioned along W American Prairie Dr and Orange Prairie Rd with direct access to US-150, Route 6, and Route 91, adjacent to Hy-Vee, HomeGoods, Marshalls, At Home, AMC Theatres, Academy Sports + Outdoors, and the Louisville Slugger Sports Complex.

Date on Market:

2018-07-17

Geneva Land for Sale - Western East/West Corr

"1.2 acre zoned and annexed office building site located in Geneva. Neighbors include Walgreens, First Choice Bank, Oscar Swan Country Inn and a variety of professional offices and retail businesses. Site is zoned 17,800 square feet 2-story office development to complement the two medical buildings on either side of this site." "1.2 acre zoned and annexed office building site located in Geneva. Neighbors include Walgreens, First Choice Bank, Oscar Swan Country Inn and a variety of professional offices and retail businesses. Site is zoned 17,800 square feet 2-story office development to complement the two medical buildings on either side of this site." For Sale information please contact listing Broker.

Property Subtype:

Commercial

Date on Market:

2017-08-22

Rock Falls Hospitality for Sale

Fully renovated and newly rebranded to Best Western, this turnkey asset combines upgraded interiors with a nationally recognized flag, offering immediate income potential and strong market positioning.

Property Subtype:

Hotel

Date on Market:

2026-03-18

Carmi Land for Sale

Headline: Unique 32-Unit Property + 3-Bedroom Home | Multi-Use Investment Opportunity Description: Rare opportunity to acquire a versatile real estate portfolio in Carmi, IL. This offering includes a 32-unit motel building, a spacious conference center, and a private 3-bedroom, 1-bathroom residence—all situated on a single, well-maintained lot. This sale is for the real estate only, providing a blank canvas for an investor, developer, or owner-occupant. The property is ideal for a variety of adaptive reuse projects including: Multi-Family Conversion: Transition the 32 units into affordable housing or studio apartments. Institutional Use: Perfect for a non-profit, transitional housing, or a corporate retreat center. Owner-Operator Setup: Live in the spacious 3-bedroom house while leasing or renovating the motel structure. Property Highlights: Motel Structure: 32 individual units with exterior entry. Conference Room: Large common area suitable for events, dining, or office space. Storefront: Located near the highway, ideal for marketing products. 3-Bedroom House: Modern layout, ideal for a primary residence or a rental for additional cap rate. Location: High visibility in Carmi, with easy access to local amenities and transit routes. We are located on Highway 1, right across the street from the fairgrounds. The Fine Print: Being sold as-is. Seller is selling the real estate assets only; no financial records for the previous motel business will be provided.

Property Subtype:

Commercial

Date on Market:

2026-03-14

Glen Carbon Hospitality for Sale - Illinois

Property Subtype:

Hotel

Date on Market:

2026-03-12

Hillside Hospitality for Sale - Melrose Park Area

An exceptional opportunity to acquire a well-positioned, branded select-service hotel in one of the nation’s busiest airport submarkets. The Holiday Inn Express® Chicago O’Hare Airport-South offers 24/7 demand from business, leisure, and airport-related travel. Just minutes from O’Hare International Airport with complimentary shuttle service, the property benefits from consistent year-round occupancy and strong brand recognition under IHG Hotels & Resorts. The hotel features renovated guest rooms, complimentary breakfast, fitness center, business amenities, and flexible meeting space. Its strategic location provides easy access to downtown Chicago, the Donald E. Stephens Convention Center, and major corporate headquarters, making it a reliable performer in the Chicago hospitality market.

Property Subtype:

Hotel

Date on Market:

2026-02-26

Clinton Hospitality for Sale

26-Room Motel with managers apartment .Strong Cash Flow – Perfect for First-Time Owners! 13 out of the 26 rooms are Kitchenettes. No owner financing available.

Property Subtype:

Hotel

Date on Market:

2026-02-09

Trout Valley Specialty for Sale - Far Northwest

Historic Masterpiece in the Heart of Trout Valley, once owned by John Hertz, is a one-of-a-kind property where heritage meets modern luxury. Nestled in the storied community of Trout Valley, this extraordinary estate blends timeless charm with purposeful design-perfect for living and working from home. Originally built in the 1890s, this mixed-use Residential/Commercial B1 zoned property where you can create the business and home of your dreams. This home has been meticulously restored and reimagined over the past decade into a breathtaking modern farmhouse retreat decorated right out of HGTV. The 2,500 sq. ft. main residence, completed in 2020, was crafted with intention and quality-Custom Built-ins throughout, 2x6 construction, high-efficiency mechanicals, spray foam insulation, and thoughtful finishes. Featuring 4" white oak hardwood floors, quartz countertops, step up rotunda dining space, first-floor primary suite with ensuite, and two additional bedrooms, one is an adorable bunk room filled with cuteness, this beautifully landscaped home blends warmth with elegant function. *New Roof 2025* Renovated 2,200 sq. ft. once the Hertz "Pony Barn", now a light-filled studio/showroom previously used as a furniture boutique. The perfect spot for a home business, workshop, gallery or a second family-playroom. Also included: * A fully renovated 600 sq. ft. 1 bed / 1 bath Quonset Hut guest house, currently generating $30,000 annual seasoned short and mid-term rental income. Could also be used for In-Law arrangement or private accomodations for family and guests, complete with 1 bedroom, full bath, family room and kitchen. * A massive 1,300 sq. ft. 4-car garage and oversized driveway/lot with room for 12+ vehicles, ideal for entertaining, events, or business use. The property sits on land once owned by John Hertz (Hertz Car Rental) and later Otto Schnering (Curtiss Candy Company) the legacy of equestrian prestige and agricultural innovation, lives on. Rumored to have housed prize ponies, triple crown thoroughbreds and bulls, this land is steeped in fascinating local lore. Enjoy access to Trout Valley's unique amenities: * Historic horse barn and swimming pool * Private Fox River beach, clubhouse and boat access * Trails, trout ponds, parks, and equestrian paths * Golf cart-friendly roads and a true small-town spirit. 10minutes from Metra station and 45 min to O'Hare airport. Whether you're seeking a personal haven, creative business base, or multi-use investment opportunity, 204 Country Commons is a rare and remarkable offering. Come experience the story for yourself-this home is more than just a property, it's a legacy in the making.

Property Subtype:

Lodge/Meeting Hall

Date on Market:

2026-02-09

Murphysboro Office for Sale

Historic Gem in the Heart of Murphysboro! A distinguished and historically significant building in downtown Murphysboro. Originally constructed in 1916 as the Murphysboro Elks Lodge, this stately property now serves as the Murphysboro Event Center - home to Rosie's Gaming. Locally, it is recognized as the "Old Elks Building" among Murphysboro's designated local landmarks. The property supports from intimate events to grand receptions for up to 500 guests. It includes a Lounge, Gaming machines, Full bar, Ballroom, and a renovated Great Hall, kitchens, lobbies, and an elevator. The building could also suit adaptive uses such as a banquet hall, performance venue, gallery or cultural center, conference space, or mixed-use development with retail and event programming. Business and building. This sale includes a gaming facility and leased building. Turnkey operation. A rare opportunity in downtown Murphysboro.

Date on Market:

2026-02-05

Joliet Retail for Sale - Joliet/Central Will

Former YMCA Building located on L-Shaped parcel that is 26.55 acres and zoned R-B, with 512 feet of frontage on Briggs Street. The building is 29,635 square feet and a one story frame structure with insulated corrugated steel and face brick veneer exterior walls, thermal pane windows and double doors and a combination of standing seam metal and minimally pitched multi-ply membrane roofing system. There is a cafe area with kitchen, multiple basketball courts in a large gymnasium, an exercise room, various meeting rooms, children's area/nursery, and restrooms and locker/changing rooms with a indoor swimming pool. The building is heated and cooled by rooftop HVAC units. The property includes an asphalt pave parking lot. The property is in the City limits of Joliet and zoned R-B Restricted Business, permitted uses include, Medical Offices, Business Clubs and fraternal lodge halls, to name a few and residential with a special use permit. Seller is willing to divide the property into two parcels one that includes the building and another that would include the vacant property for development. Property located on the East Boarder of Joliet/West Boarder of New Lenox and minutes to I-80 Ramp and new Briggs Street Ramp Construction and 15 minutes to the New Silver Cross Hospital

Property Subtype:

Health Club

Date on Market:

2026-02-05

Percy Retail for Sale

Formerly the well-known Pioneer’s Cabin, this rare and versatile property sits on 2.04 acres and offers multiple potential uses. Rich in history and rustic character, the building is ideally suited for a hunter’s and fisherman’s retreat, private lodge, or income-producing Airbnb catering to duck, goose, and deer hunters as well as anglers. Located near Pyramid State Park and just 20 minutes from the World Shooting & Recreational Complex, this property is positioned in the heart of Southern Illinois outdoor recreation. The property also presents the opportunity to revive Pioneer’s Cabin as a destination restaurant, bringing back the family-style dining experience it was once known for. Alternatively, the space could be reimagined as a single-family residence or transformed into a standalone bourbon room or rustic entertaining venue, preserving the lodge-style atmosphere. These uses are presented as separate options, allowing a buyer to tailor the property to their vision. Equipped with extensive commercial-grade features, the property includes one walk-in freezer, two walk-in coolers, Ansul fire suppression system, salad bar prep table, two 5-steam-burner tables, metal prep tables, fryer, 6-burner commercial stove, Turbo Air freezer, three-door commercial refrigerator, and two three-tub sinks. Recent updates include new plumbing and a new deck, with three sheds providing additional storage. With its strong recreational draw, established infrastructure, and flexible potential, this unique property is ready for its next chapter. Age of the building: 1984 Square Footage: 3530 (source: County) Lot Size: 2.04 (source: County) Heating: Gas Cooling: Gas Water Heater: Gas Roof: Shingle Fireplace: Wood Utility Providers: Water ~ Village of Willisville Sewer ~ Septic Electric ~ Ameren Gas ~ Ameren Drive Times: SIU College: 36 minutes World Shooting Complex: 28 minutes Pyramid State Recreation Area: 21 minutes Room Dimensions: Room 44’ x 23’1” Kitchen 19’7” x 15’ Utility Room 11’3” x 5’8” Hall 3’5” x 4’7” Bathroom 11’3” x 4’1” Bathroom 7’6” x 4’7” Serving Area 35’2” x 23’1” Pantry 8’9” x 5’11” Laundry 7’8” x 5’11” Hall 4’4” x 4’ Bathroom 5’11” x 5’11” Bathroom 6’4” x 5’11” Room 29’9” x 14’11” Room 8’3” x 7’4” Room 18’6” x 8’4” Room 11’6” x 16’4” Room 6’11” x 16’4” Title Company: Arbeiter Law Office Financing: Cash Conventional Directions: GPS Friendly Legal Description: TWN 06 RNG 04 SECTION 30 PT NE NE Parcel(s): 1-64-0210-311 Taxes: $3102.20

Property Subtype:

Restaurant

Date on Market:

2026-01-21

Burbank Specialty for Sale - Near South Cook

An established and highly regarded banquet and wedding venue, Martinique Banquets has been a premier destination for weddings, banquets, and special events on Chicago’s southwest side for many years. This beautifully maintained facility offers everything needed to host unforgettable events in a turnkey, revenue-generating operation. The proper ty features two elegant banquet rooms, on-site bakery (yes, they can even make your wedding cake!), and modern, fully equipped kitchen facilities. Spanning approximately 17,000 square feet , the building sits on a generous lot with ample parking and includes a lovely outdoor wedding garden—perfect for photos and ceremonies. The building is fully sprinklered and well-maintained throughout . Both the real estate and business—including all fixtures, furnishings, and equipment—are being sold together , offering an exceptional opportunity to acquire a successful, long-established venue with strong cash flow and a loyal clientele.

Property Subtype:

Lodge/Meeting Hall

Date on Market:

2025-12-16

Litchfield Industrial for Sale

Investment property consisting of an 8 unit apartment building, auto repair facility, and a single family home. The apartment income is $5,750/month (5 units at $700, and 3 units at $750), the repair garage income is $1,200/month, and the house income is $1,000/month. The total annual income is $95,400. The landlord pays water sewer and trash. Total annual expenses is $24,350. Cap Rate of 23. Zoning is S-2 which is single family for all of the buildings. The auto shop is grandfathered in under the S-2 with the current legal owner. As soon as another owner is listed it will have to be legally rezoned and the auto shop will be illegal. The process of rezoning is quite a few months . The other buildings can not be converted currently because it is zoned for ONLY single family (one duplex can be possibly approved with a special application but not 3plex or 4plex), Not multi family zoned, not motel/commercial zoned, not Commercial for a restaurant. Located in a commercial/residential mixed area. Less than 1 mile from I-55.

Property Subtype:

Warehouse

Date on Market:

2025-12-11

Tinley Park Hospitality for Sale - Joliet/Central Will

Country Inn & Suites Tinley Park.

Property Subtype:

Hotel

Date on Market:

2025-12-10

Chester Land for Sale

Property Subtype:

Commercial

Date on Market:

2025-12-08

Burlington Retail for Sale - Western East/West Corr

For sale is the Art & Almas building. There are two apartments rented on the second level and one restaurant on the main level which is available to operate. Most of the building was updated: HVAC / Ducting / Carpeting / Paint / Mechanicals / Updated Roof / Tuckpointing / Replaced windows / Fully improved restaurant

Property Subtype:

Storefront Retail/Residential

Date on Market:

2025-11-12

Lebanon Office for Sale - Illinois

Three commercially zoned parcels with a 2,592 SF facility, full basement with a commercial kitchen, and a garage all on 213' frontage of Federal Aid Secondary 1780 highway near Historic downtown Lebanon. Currently houses the Lebanon Masonic Lodge but has potential for professional office space/place of worship, kitchen/dining hall/restaurant. Some street parking, a graveled parking area and a vacant lot for additional outdoor space.

Date on Market:

2025-10-21

Dekalb Land for Sale - Western East/West Corr

8.67 Acre Lot located on Fairview Drive - Very close to the Annie Glidden Interchange off of I-88, which is the main exit for Northern Illinois University. Ideal for a restaurant or gas station. Anchored by a Super 8 Motel. All utilities to site.

Property Subtype:

Commercial

Date on Market:

2025-10-02

Peoria Hospitality for Sale - South Peoria

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Baymont by Wyndham Peoria (“Hotel” or “Property”) located in Peoria, Illinois. The Wyndham Hotels & Resorts-branded Hotel is offered at $4,100,000 or $35,294 per key. The Baymont by Wyndham Peoria is a three-story hotel with 119 rooms, located at 2002 W War Memorial Drive in Peoria, Illinois, directly adjacent to Northwoods Mall and positioned off Interstate 74, providing exceptional accessibility and visibility to travelers. The property offers a comprehensive suite of amenities including a seasonal outdoor pool, barbeque grills, fitness center, breakfast area, business center, on-site guest laundry, and bus/truck/RV parking. The property includes an apartment suite with a living room and kitchen, currently used for staff quarters. Plus an additional room that can be used for extended stay or staff. Significant recent capital improvements have been completed, enhancing the property’s competitive positioning in the market. In 2023, a complete guestroom renovation totaling over $650,000 was executed, including new paint, luxury vinyl tile (LVT) flooring, upgraded furniture, lighting, window treatments, artwork, reglazed bathtubs, and new siding ($70,000 investment), with all first-floor siding replaced. Additionally, a new parking lot was completed in 2022 at a cost of $100,000, ensuring well-maintained, guest-friendly exterior conditions. The trailing twelve months, the hotel experienced a notable 4.8 percent increase in room revenue. This trend presents several advantages for potential buyers, including additional capital for renovations and enhanced cash flow. The hotel is attractively priced at a Room Revenue Multiplier of 2.80, offering investors a compelling opportunity to acquire the asset at a conservative valuation with significant upside potential. The property is also located 8.8 miles from General Wayne A. Downing Peoria International Airport and within minutes of key demand generators, including Bradley University (4.0 miles), Illinois Central College and Midstate College (4 miles), as well as major attractions such as The Doug Oberhelman Caterpillar Visitors Center (5.8 miles), the Peoria Riverfront Museum (5.9 miles), and the Illinois River Road National Scenic Byway, which offers outdoor recreational opportunities including hunting, fishing, hiking, and biking. In addition, a new casino development is planned for Peoria, with construction expected to begin in 2026, providing a future boost to local tourism and hospitality demand. Peoria, Illinois, is a dynamic and diversified economy that serves as a major hub for Central Illinois. The region benefits from the presence of Caterpillar Inc., a global leader in construction and mining equipment manufacturing, along with top-tier healthcare providers such as OSF Healthcare and UnityPoint Health, and educational institutions like Bradley University. These demand drivers create a strong and consistent base of business and extended-stay travelers. Tourism and leisure travel are further supported by Peoria’s cultural and recreational attractions, including the Peoria Civic Center, Peoria Zoo, Riverfront Museum, and seasonal festivals. With the upcoming casino development and ongoing infrastructure and economic development initiatives, Peoria’s hospitality sector is well-positioned for long-term growth.

Property Subtype:

Hotel

Date on Market:

2025-08-25

Vandalia Multifamily for Sale

With over 20,000+ sq ft this 1924 three story building has +/- 6900 Sq ft per floor. This downtown property is being advertised with the parcel the building sits on plus an optional second parcel of land that could enhance the overall plans/outcome of the building's potential. The building started as a motel. Lastly used as efficiency apartments before the fire. The building has an elevator that goes from the basement to the 3rd floor. The are two sets of stairs that provide the same access to all 4 levels. Main floor has a lobby area, dining hall, kitchen/serving area, a couple bathrooms, plus several other rooms that could be used in various ways. See photos for roughly estimated AI layouts of each level. The upper 2 levels have numerous rooms with endless options to divide and split up for offices or tenants. The two basement areas could be used for storage, utilities, and equipment. The floors are poured concrete with 1st floor 19 pour, 2nd floor 15, & 3rd floor 11. Location: Downtown

Property Subtype:

Apartment

Date on Market:

2025-06-18

Gilman Industrial for Sale

A piece of history being the oldest surviving commercial structure in Gilman - originally a flax mill -and several other businesses since. Currently empty the huge stone structure lends itself to banquet hall, restaurant, motel and many other innovative businesses

Property Subtype:

Manufacturing

Date on Market:

2025-05-21

Paris Hospitality for Sale

A former hotel is for sale for $890,000; however, the seller may consider selling it for just $120,000. I’m looking to sell to someone who sees the real potential of this property and is serious about moving forward. This is a former hotel building with 43 units. The structure and roof are in solid condition. Each unit has its own bathroom (some with showers, some with bathtubs). The building also includes a commercial kitchen, banquet area, and a small laundry room on the first floor. The property was previously operational, and even with only one floor running, it was generating strong monthly income. With full use of all floors, the income potential is significantly higher. A substantial amount of work has already been completed, including general interior improvements. Some finishing work remains, and plumbing needs to be checked primarily on the 4th floor. This is reflected in the price. The property is currently vacant and is being sold as-is.

Property Subtype:

Hotel

Date on Market:

2025-04-24

Farmer City Land for Sale

Vacant commercial opportunity. 1.75 acres ready for development. Currently generating income. 8100/annual income from a billboard agreement and parking agreement. 292' of highway frontage. Less than one half mile from the interstate, accompanied by a Days Inn, Casey's Gas Station, Hucks Gas Station with access for semis, and a Dollar General. It's the second lot off a primary intersection that intersects 2 highways. Highway 54 and US Highway 150. Great place for strip mall, flex space, gas station, storage, restaurant, slots.

Property Subtype:

Commercial

Date on Market:

2025-04-17

Le Roy Land for Sale

Located in the welcoming community of LeRoy, Illinois, this approximately 10-acre parcel of farmland presents a unique opportunity for redevelopment. Situated near I-74, the site offers excellent accessibility for both residential and commercial projects. Its proximity to established amenities, including a Holiday Inn Express, Days Inn, and various dining options ranging from fast food to family restaurants, adds to its appeal for potential development. The property benefits from access to full utilities, including water, sewer, gas, electric, and telecommunications, all of which can be extended to support future development needs. Additionally, the City of LeRoy is open to discussions regarding potential tax incentives for qualifying projects, offering added flexibility and value to investors. LeRoy is a well-rounded community with quality schools, a small-town atmosphere, and a strategic location that combines convenience and connectivity.

Property Subtype:

Commercial

Date on Market:

2024-12-18