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    London Mills, IL
    Bar & Pub

    London Mills, IL Bars & Pubs for Sale

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    Turnkey Restaurant and Bar
    Updated: Oct 22, 2024
    Turnkey Restaurant and Bar

    103 3rd Street, London Mills, IL 61544

    $245,000
    2,880 sqft
    Fully operational turnkey conventional restaurant and bar business
    2,880‑square‑foot restaurant operation
    Nearly 40 total years of operating history
    Known as Spoonies and recognized for pork tenderloins
    Featured by Pursing Pork Tenderloin and Peoria Local Legends Magazine
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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 9 Potential Opportunities for your consideration. Besides 1 Active listings in London Mills, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 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.

    Brick Mixed-Use Building
    Brick Mixed-Use Building

    2305 LINCOLN Avenue, Peoria, IL 61605

    $150,000
    3,154 sqft

    Two-level property combining an updated apartment with adaptable commercial space, garage stalls, and private parking.

    View details
    Mixed-Use Building with Loft Apartment
    Mixed-Use Building with Loft Apartment

    2 W Side Square, Macomb, IL 61455

    $169,000
    14,765 sqft

    Historic courthouse-square property with restaurant, retail, office, and residential space across multiple levels.

    View details
    Gutted Restaurant Building
    Gutted Restaurant Building

    1321 N PARK Road, Peoria, IL 61604

    Contact for pricing
    6,676 sqft 2.19 AC lot

    Interior space has been completely gutted, leaving a cleared 6,676-square-foot restaurant building on a 2.19-acre lot with dedicated parking.

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    Restaurant and Loft Apartment Building
    Restaurant and Loft Apartment Building

    2 W SIDE Square, Macomb, IL 61455

    $169,000

    Multi-level building on Courthouse Square includes main-level restaurant/bar space and a loft apartment with three bedrooms.

    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.

    Restaurant with Bar, Lounge and Stage
    Restaurant with Bar, Lounge and Stage

    951 Durkin Drive, Springfield, IL 62704

    $425,000

    Restaurant property with formal dining, bar and lounge seating, a stage for live music, and central air under S2 zoning.

    View details
    Commercial Corner Development Site
    Commercial Corner Development Site

    700 W JEFFERSON Street, Springfield, IL 62702

    $175,000
    0.59 AC lot

    Corner lot on West Jefferson and Walnut Streets with utilities onsite and two access points.

    View details
    Commercial Land in Itasca, IL
    Commercial Land in Itasca, IL

    100 S Walnut Street, Itasca, IL 60143

    Contact for pricing
    0.17 AC lot

    Commercial land available for sale in Itasca, Illinois.

    View details
    Golf Course Frontage Lot
    Golf Course Frontage Lot

    1711-12 Golf Course Boulevard, Independence, IA 50644

    $60,000
    1.09 AC lot

    1.09 acre lot in River Ridge Development, Independence, Iowa.

    View details

    London Mills, IL Bars & Pubs Market Trends and Statistics

    Explore 1 bars & pubs for sale in London Mills, IL on our real estate platform. These investment opportunities span a total of 2,880 square feet of properties for sale, with an estimated market value of $245,000.

    Sale prices for pubs in London Mills, IL average $245,000 — 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 2
    Conventional restaurants 2

    Demographics Overview

    Population 815
    Population Growth (5Y) +38.1%
    Median Household Income $79,333
    College Educated 26.1%

    Taxes & Financing

    Tax Rate (average for all types) 8.62%
    Property Tax per SF $32.09 per SF
    Tax Rate vs County Average 0.49 pp below county avg
    Average Loan-to-Value 65.0%

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