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    Restaurant with Beer Garden
    Updated: May 7
    Restaurant with Beer Garden

    204 E Wyatt Street, Franklin, IL 62638

    $195,000
    Approximately 3,120 square feet of restaurant and bar space
    6‑machine gaming area; owner licensing required
    Dedicated party room for private gatherings
    Outdoor beer garden and patio
    Outdoor space wired for live music
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Franklin, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Bar & Pub with Beer Garden
    Bar & Pub with Beer Garden

    22817 Miller Lake Rd, Jerseyville, IL 62052

    $250,000
    2,082 sqft

    Rural bar and pub business with fixtures, inventory, games, entertainment, and an all-season beer garden.

    View details
    Restaurant Building with Bar
    Restaurant Building with Bar

    3941 PINTAIL Drive, Springfield, IL 62711

    $599,000
    0.51 AC lot

    B-1 restaurant property with parking, kitchen improvements, and dedicated garage or truck bays.

    View details
    Bar with Year-Round Beer Garden
    Bar with Year-Round Beer Garden

    22817 Miller Lake Road, Jerseyville, IL 62052

    $250,000
    2,082 sqft 1.00 AC lot

    Established bar business includes fixtures, inventory, pool and dart amenities, gambling machines, TVs, and a jukebox.

    View details
    Restaurant and Adjacent Lot
    Restaurant and Adjacent Lot

    951 Durkin Drive, Springfield, IL 62704

    $425,000

    Established restaurant property with dining, bar, lounge, stage, and additional land for future use.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Corner Commercial Land Parcel
    Corner Commercial Land Parcel

    700 W JEFFERSON Street, Springfield, IL 62702

    $175,000
    0.59 AC lot

    B1-zoned corner parcel with street access, utility availability, and established commercial redevelopment potential.

    View details

    Franklin, IL Bars & Pubs Market Trends and Statistics

    Explore 1 bars & pubs for sale in Franklin, IL on our real estate platform.

    Sale prices for pubs in Franklin, IL average $195,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 1
    Conventional restaurants 1

    Demographics Overview

    Population 1,326
    Population Growth (5Y) -2.8%
    Median Household Income $80,395
    College Educated 20.5%

    High-Yield Neighborhoods for Investment

    Identify Franklin submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    62638 $195K

    Taxes & Financing

    Tax Rate (average for all types) 6.17%
    Property Tax per SF $44.85 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Morgan County

    New Delisted

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