Second Generation Restaurant - Sale or Lease

4,900 SF | Retail Building | Springfield, IL 62703 | $599,000 ($122/SF)

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $599,000

Property Type
Retail, Restaurant
Square Feet
4,900 SF
Price / Square Foot
$122

Listing Contacts

Blake Pryor
Blake Pryor
Verified Profile
  • Property Info

Property Overview

Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer this freestanding Second-Generation Restaurant Building Near Interstate 55 & 72 For Sale or Lease. The layout consists of a sizeable entry/service area designed to accommodate dine-in patrons and handle take-out orders, a 1,750 SF open dining area with ample space for up to 100 customers (165-person maximum occupancy load), a serving area equipped with a 34’8” counter, a 782 SF kitchen, a 24’ x 13.25’ video gaming area (up to 6 terminals), a small office, and back office or storage room, and 2 ADA-compliant restrooms. The dining area features a bar with an underbar sink, a handwashing sink, room for an ice machine and beer coolers, and adequate shelving for liquor. The kitchen features a 20’ Ansul hood ventilation system (heat capture and grease hood) that is perfect for fryers, grills, and pizza, plumbing for a 3-compartment sink, 2 handwashing sinks (plumbing for a third), a 99-gal water heater, and a 7.5’ x 14’ walk-in cooler. The site is located along and has direct access from S. Dirksen Pkwy on the southeast side of Springfield. It has visibility from Dirksen Parkway (12,000 AADT) and Interstate 55/72 (52,300 AADT). It is minutes away from multiple interchanges on Interstate 55 and 72. Nearby businesses include several upscale hotels brands to accommodate business travelers and visitors (IHG, Marriott, and Wyndham), and popular restaurants that establish a strong dining scene (Red Lobster, Smokey Bones, Hooters, Applebee’s, IHOP, McDonald’s, and Starbucks). The Illinois Dept of Transportation (IDOT) and Illinois Secretary of State (SOS) are the major employers in the area, which provide a natural customer base and strong demand for the services in the area. Also, there is shopping, entertainment, and many other amenities near the site, adding to the overall appeal for businesses and investors. Springfield is the Capital of Illinois. It is located in central Illinois and is accessed by Interstate 55 and Interstate 72. It is approximately 202 miles southwest of Chicago and 92 miles northeast of St. Louis. The historic US Route 66 crosses Illinois from Chicago to East St. Louis, which includes Springfield.

Property Details

Class
C
Year Built/Renovated
2006/2010
Stories
1
Property Subtype
Other Restaurants, Freestanding
Lot Size (sq. ft)
44,431 SF

Highlights

  • Second-Generation Restaurant Building
  • Direct Access from Dirksen Pkwy
  • Near Interstate 55 & 72
  • Proximate to Hotels, Restaurants, and Large Workforce
  • High Visibility

FAQ

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].