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    Illinois Conventional Restaurants for Sale

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    Shadow-Anchored Retail Strip Center
    Updated: Jun 28
    Shadow-Anchored Retail Strip Center

    2-16 Tyler Creek Plaza, Elgin, IL 60123

    $3,324,000
    10,825 sqft
    Five‑tenant grocery shadow anchored strip center in Elgin, IL (Kane County), built in 1975
    Shadow anchored by Frank’s Freshway Market, which recently completed a major remodel
    Tenant mix includes 3 restaurants, 1 specialty grocer/restaurant, and 1 service tenant
    Wingstop west end cap; Elgin Wingstop listed as #1 visited in Illinois (per Placer.ai)
    All tenants operate under net leases with management fee reimbursement; many leases include annual rent increases
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    This listing looks promising.

    Here's a quick look at some key insights for

    2-16 Tyler Creek Plaza, Elgin, IL 60123

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    • Est. Cap Rate

      5.5%
      NOI ÷ price

    • Est. NOI

      $181K
      Annual

    • Price @ 7% Cap

      $2.59M
      Suggested
    View Property Analytics
    Freestanding Restaurant with Drive-Thru
    Updated: Jul 20
    Freestanding Restaurant with Drive-Thru

    720 E Rand Road, Mount Prospect, IL 60056

    $1,350,000
    0.54 AC lot
    Freestanding 2,533‑SF masonry restaurant built in 1994 on a 23,391‑SF site in Mount Prospect’s Rand Road retail corridor
    Existing drive‑thru capability with curb cut on Rand Road
    Approx. 25 parking spaces and exposure to approx. 17,600 vehicles per day
    Fully built‑out kitchen with black iron exhaust hoods, fire‑suppression system, and walk‑in cooler; includes furniture, fixtures, and equipment
    B‑5 zoning; 200‑amp electrical service; central air; roof membrane
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    Corner Restaurant Business For Sale
    Corner Restaurant Business For Sale

    6214 N Western Avenue, Chicago, IL 60659

    $129,000
    2,500 sqft

    Prime corner restaurant/bar on Lincoln Avenue corridor in Chicago.

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    Restaurant on Illinois & Michigan Canal
    Restaurant on Illinois & Michigan Canal

    148 Mill Street, Utica, IL 61373

    $878,000
    0.14 AC lot

    Restaurant property zoned COMMR with central air, featuring a dining area and fully equipped commercial kitchen.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Full-Service Marina with 234 Wet Slips
    Full-Service Marina with 234 Wet Slips

    13495 US Hwy 54, Rockport, IL 62370

    $1,250,000
    6,000 sqft 233.00 AC lot

    Full-service marina offering covered wet slips with water and electrical service, plus campground and marine support facilities.

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    Brick Restaurant Building with Private Dining
    Brick Restaurant Building with Private Dining

    112 S Maple Street, Sycamore, IL 60178

    $600,000
    0.10 AC lot

    Downtown Sycamore brick restaurant building with two dining areas, private dining room, bar, and central air.

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    Historic Brick Storefront with Residential Space
    Historic Brick Storefront with Residential Space

    101-105 W Sale Street, Tuscola, IL 61953

    $750,000
    0.22 AC lot

    Historic brick storefront with central air, mosaic tile finishes, and restaurant equipment, plus residential space above.

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    Turnkey Restaurant Property
    Turnkey Restaurant Property

    11 S Madison Street, Oswego, IL 60543

    $949,900
    0.25 AC lot

    For sale turnkey offering combining an established restaurant business with the commercial real estate it occupies.

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    Historic Restaurant Building
    Historic Restaurant Building

    114 W Market Street, Taylorville, IL 62568

    $674,000
    7,782 sqft

    Beautifully maintained historic restaurant building with soaring period-style tin ceilings and hardwood floors.

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    3-Bay Former Golf Simulation Bar
    3-Bay Former Golf Simulation Bar

    3941 PINTAIL Drive, Springfield, IL 62711

    $629,000
    0.51 AC lot

    B-1 zoned former golf simulation bar with central air, new asphalt roof, and front/side parking.

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    Dwight Landmark Restaurant For Sale
    Dwight Landmark Restaurant For Sale

    140 E Main Street, Dwight, IL 60420

    $739,000
    10,000 sqft 0.16 AC lot

    Turnkey restaurant in downtown Dwight, ready for seamless transition.

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    Restaurant Building with Bar
    Restaurant Building with Bar

    3941 Pintail Drive, Springfield, IL 62711

    $629,000
    5,200 sqft

    B-1 zoning, front and side parking, and updated building systems support restaurant reuse.

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    Ground-Floor Restaurant
    Ground-Floor Restaurant

    420 W Belmont Avenue, Chicago, IL 60657

    $649,000
    0.42 AC lot

    Existing kitchen, dining, and hospitality infrastructure support continued restaurant operations in a high-rise setting.

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    Gas Station with Mini-Mart and Fitness
    Gas Station with Mini-Mart and Fitness

    300 W Hickory Street, Apple River, IL 61001

    $695,000
    10,381 sqft 0.80 AC lot

    For sale multi-use property includes a mini-mart, restaurant and fitness/wellness spaces plus seven storage units.

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    Retail Corner Site with Existing Building
    Retail Corner Site with Existing Building

    2207-2214 W Ogden Avenue, Chicago, IL 60612

    $2,495,000
    5,000 sqft 0.38 AC lot

    High-visibility hard-corner site with an existing 5,000 SF building and flexible PD-30 zoning.

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    Restaurant-Included Retail Strip Center
    Restaurant-Included Retail Strip Center

    100 W Main Street, Barrington, IL 60010

    $3,199,900
    0.26 AC lot

    Retail strip center with multiple active tenants and an included restaurant, positioned near Barrington’s train station.

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    Mixed-Use Property in Belmont Cragin
    Mixed-Use Property in Belmont Cragin

    5037 W Diversey Avenue, Chicago, IL 60639

    $529,900
    4,200 sqft 0.07 AC lot

    Two-story mixed-use property with commercial and residential space.

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    Turnkey Banquet Hall Restaurant
    Turnkey Banquet Hall Restaurant

    5319 W Belmont Avenue, Chicago, IL 60641

    $999,000
    0.14 AC lot

    Extensively renovated banquet hall/restaurant with new HVAC, a brand-new flat roof, and central air throughout.

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    Freestanding Restaurant and Brewery
    Freestanding Restaurant and Brewery

    230 Conference Center Drive, East Peoria, IL 61611

    $3,500,000
    9,135 sqft

    Custom-built restaurant with an open-view brewery tank area, open-view kitchen, mezzanine, and outdoor river-view seating.

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    Turnkey Multi-Unit Restaurant Building
    Turnkey Multi-Unit Restaurant Building

    7-11 N Elmwood Drive N, Aurora, IL 60506

    $550,000
    0.14 AC lot

    Brick restaurant building with multiple leased and equipped food service spaces, including key kitchen equipment and grease pit.

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    Four-Building Commercial Investment Campus
    Four-Building Commercial Investment Campus

    1249 N Main Street 1249, Paris, IL 61944

    $950,000
    27,060 sqft 4.14 AC lot

    Four well-maintained buildings on 4.14 acres, including a leased 60' x 36' creamery and multiple income-producing facilities.

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    Turnkey Bar and Grill with Patio
    Turnkey Bar and Grill with Patio

    707 Freeport Road, Sterling, IL 61081

    $799,000
    2.52 AC lot

    Fully equipped bar and grill with commercial kitchen, gaming room, and spacious outdoor patio for immediate operations.

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    Triple-Net Leased Restaurant Building
    Triple-Net Leased Restaurant Building

    1950 E Golf Rd, Schaumburg, IL 60173

    $8,400,000
    8,490 sqft

    8,490-square-foot restaurant on a triple-net lease with more than 13 years remaining.

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    Freestanding Grocery and Convenience Store
    Freestanding Grocery and Convenience Store

    306 W Springfield Avenue W, Urbana, IL 61801

    $1,300,000
    0.61 AC lot

    Freestanding facility with refrigeration, frozen storage, bakery, kitchen, and café areas.

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    Illinois Conventional Restaurants Market Trends and Statistics

    Explore 509 conventional restaurants for sale in Illinois, showcased through 509 active listings on our real estate platform. These investment opportunities span a total of 1,867,054 square feet of properties for sale, with an estimated market value of $217,308,006.

    Sale prices for conventional restaurants in Illinois start at $39,900, averaging $724,360, and reaching up to $9,750,000 — 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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