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    New Berlin, IL Franklin, IL Chatham, IL Auburn, IL Springfield, IL Virden, IL Pleasant Plains, IL Palmyra, IL
    Commercial Kitchen Property with Restaurant Equipment
    Updated: Jul 22
    Commercial Kitchen Property with Restaurant Equipment

    223 N Pearl Street, Waverly, IL 62692

    $99,900
    0.15 AC lot
    Approximately 7,000 square feet across two connected, two‑story buildings
    Main level includes built‑in grill, ovens, double freezers, bar refrigeration, dishwasher, and vented exhaust systems
    Approximately 3,500‑square‑foot unfinished upper level
    South building dates to 1890; north building was constructed in 1901
    Approximately 0.15 acres at 223 N Pearl Street on the Waverly town square
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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 Waverly, 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.

    Restaurant with Beer Garden
    Restaurant with Beer Garden

    204 E Wyatt Street, Franklin, IL 62638

    $195,000

    Commercially zoned venue includes a party room, bar, gaming area, and outdoor event space.

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    Bar Property with Beer Garden
    Bar Property with Beer Garden

    400 W JEFFERSON ST, Auburn, IL 62615

    Contact for pricing

    Renovated bar property with a second-floor apartment, updated HVAC, and connected outdoor beer garden.

    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
    Restaurant Building with Gaming Room
    Restaurant Building with Gaming Room

    1577 W WABASH Avenue, Springfield, IL 62704

    $450,000

    Rebuilt commercial property with dining areas, bar service, offices, and flexible retail or restaurant 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

    Waverly, IL Bars & Pubs Market Trends and Statistics

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

    Sale prices for pubs in Waverly, IL average $99,900 — 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
    Commercial kitchens 1
    Conventional restaurants 1

    Demographics Overview

    Population 2,128
    Population Growth (5Y) +0.3%
    Median Household Income $66,619
    College Educated 30.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    62692 $99.9K

    Taxes & Financing

    Tax Rate (average for all types) 6.13%
    Property Tax per SF $76.29 per SF
    Average Loan-to-Value 65.0%

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