Conventional Restaurant

Godfrey, IL Conventional Restaurants for Sale

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Alton, IL Cottage Hills, IL Brighton, IL Bethalto, IL Jerseyville, IL East Alton, IL Dow, IL Wood River, IL
Restaurant Storefront For Sale
Updated: Jun 4
Restaurant Storefront For Sale

2720 Grovelin Street, Godfrey, IL 62035

$45,900
Breakfast and diner‑style restaurant storefront for sale at 2720 Grovelin Street in Godfrey, Illinois
Built in 1983
Central air and forced‑air heating
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1 active listing matches your search: Restaurant for sale in Godfrey, IL. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 4 properties in nearby cities.

Opportunities in Nearby Cities

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

Mixed-Use Building with Apartments
Mixed-Use Building with Apartments

119 W 3rd Street, Alton, IL 62002

$699,000
10,200 sqft  1 building  Built 1891  Multi-tenant

Four apartments sit above ground-floor restaurant, bar, salon, and retail space.

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Brick Restaurant with Drive-Through
Brick Restaurant with Drive-Through

908 N Main Street, Brighton, IL 62012

$375,000
Business included

Configured for dine-in and carryout service with a dedicated drive-up window.

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Irish Pub with Living Quarters
Irish Pub with Living Quarters

200 State Street, Alton, IL 62002

$499,900
Business included  3,000 sqft  50 seats  Built 1825  1 building

A three-level property pairs a furnished bar and dining room with private residential space above.

Equipment included  Furnished
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Restaurant with Drive-Up Window
Restaurant with Drive-Up Window

908 N Main Street, Brighton, IL 62012

$375,000
Business included

Configured for both dine-in service and carryout, with a substantial on-site parking area.

Drive-thru
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Godfrey, IL Conventional Restaurants Market Trends and Statistics

Explore 1 conventional restaurants for sale in Godfrey, IL on our real estate platform.

Sale prices for conventional restaurants in Godfrey, IL average $45,900 — 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

Conventional restaurants 2
Commercial kitchens 1

Demographics Overview

Population 16K
Population Growth (5Y) -3.7%
Median Household Income $91,696
College Educated 43.8%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
62035 $45.9K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Madison County

New Delisted

Total CRE Inventory on Market (SF)

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