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Franklin, IL

Franklin, IL Commercial Real Estate for Sale

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Waverly, IL New Berlin, IL Jacksonville, IL Palmyra, IL Chatham, IL Auburn, IL Virden, IL Springfield, IL

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

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 48 Potential Opportunities for your consideration. Besides 1 Active listings in Franklin, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 43 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

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

Commercial Land Near I-72

Commercial Land Near I-72

Southbrooke Road, South, Jacksonville, IL 62650

$350,000

1.64 AC lot

Two commercial lots near I-72 with commercial zoning and water available.

Flex Space with Warehouse

Flex Space with Warehouse

207 S OLIVE Street, New Berlin, IL 62670

$230,000

0.19 AC lot

Combined office and shop facility with finished interiors, service amenities, and truck-accessible overhead doors.

Flag Hotel With Manager Suite

Flag Hotel With Manager Suite

200 COMFORT Drive, Jacksonville, IL 62650

$3,300,000

Guest amenities include a fitness room, business center, and laundry facility.

Flex Space With Warehouse Area

Flex Space With Warehouse Area

207 S OLIVE Street, New Berlin, IL 62670

Contact for pricing

Combined office and shop facility with dedicated restroom, break-room, overhead-door, parking, and fenced-site improvements.

Off-Market Properties in Franklin, IL

Consider similar Off-Market properties in Franklin, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Franklin, IL 62638

COMMERCIAL (GENERAL)

Franklin, IL 62638

Estimated value:

$55,000

1,644 sqft 0.05 AC lot

Franklin, IL 62638

INDUSTRIAL (GENERAL)

Franklin, IL 62638

Estimated value:

$500,000

6.40 AC lot

312 Wyatt Ave

COMMERCIAL (GENERAL)

312 Wyatt Ave, Franklin, IL 62638-7500

Estimated value:

$70,000

0.07 AC lot

2967 State Hwy 104

COMMERCIAL (GENERAL)

2967 State Hwy 104, Franklin, IL 62638

Estimated value:

$60,000

3,200 sqft 0.36 AC lot

Franklin, IL 62638

COMMERCIAL (GENERAL)

Franklin, IL 62638

Estimated value:

$85,000

1.02 AC lot

202 Main St

VACANT COMMERCIAL LAND

202 Main St, Franklin, IL 62638-5173

Estimated value:

$265,000

0.12 AC lot

2877 State Hwy 104

COMMERCIAL (GENERAL)

2877 State Hwy 104, Franklin, IL 62638-4962

Estimated value:

$255,000

13.60 AC lot

Franklin, IL 62638

COMMERCIAL (GENERAL)

Franklin, IL 62638

Estimated value:

$260,000

0.85 AC lot

2930 State Hwy 104

COMMERCIAL (GENERAL)

2930 State Hwy 104, Franklin, IL 62638-5137

Estimated value:

$215,000

0.58 AC lot

Franklin, IL 62638

VACANT COMMERCIAL LAND

Franklin, IL 62638

Estimated value:

$210,000

0.80 AC lot

204 Wyatt Ave

COMMERCIAL (GENERAL)

204 Wyatt Ave, Franklin, IL 62638-5197

Estimated value:

$260,000

0.13 AC lot

101 Ww St

COMMERCIAL (GENERAL)

101 Ww St, Franklin, IL 62638-5183

Estimated value:

$265,000

0.69 AC lot

117 Reinbach

COMMERCIAL (GENERAL)

117 Reinbach, Franklin, IL 62638-4948

Estimated value:

$255,000

0.15 AC lot

Franklin, IL 62638

COMMERCIAL (GENERAL)

Franklin, IL 62638

Estimated value:

$260,000

2.43 AC lot

Franklin, IL 62638

COMMERCIAL (GENERAL)

Franklin, IL 62638

Estimated value:

$260,000

0.22 AC lot

615 Outing Clb Rd

COMMERCIAL (GENERAL)

615 Outing Clb Rd, Franklin, IL 62638

Estimated value:

$265,000

3.30 AC lot

Franklin, IL 62638

COMMERCIAL (GENERAL)

Franklin, IL 62638

Estimated value:

$265,000

0.11 AC lot

Franklin, IL 62638

COMMERCIAL (GENERAL)

Franklin, IL 62638

Estimated value:

$260,000

0.13 AC lot

117 Reinbach

COMMERCIAL (GENERAL)

117 Reinbach, Franklin, IL 62638-4948

Estimated value:

$255,000

0.46 AC lot

2963 State Hwy 104

COMMERCIAL (GENERAL)

2963 State Hwy 104, Franklin, IL 62638-5136

Estimated value:

$255,000

0.81 AC lot

104 State

COMMERCIAL (GENERAL)

104 State, Franklin, IL 62638

Estimated value:

$255,000

0.17 AC lot

765 Rees Sta Rd

INDUSTRIAL (GENERAL)

765 Rees Sta Rd, Franklin, IL 62638-5122

Estimated value:

$375,000

3.25 AC lot

101 Railroad St

INDUSTRIAL (GENERAL)

101 Railroad St, Franklin, IL 62638

Estimated value:

$270,000

0.36 AC lot

Franklin, IL Commercial Real Estate Market Trends and Statistics

Explore 44 commercial real estate for sale in Franklin, IL on our real estate platform.

Sale prices for business properties 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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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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