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    Knoxville, IL
    Conventional Restaurant

    Knoxville, IL Conventional Restaurants for Sale

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    Carbondale, IL East Galesburg, IL Galesburg, IL
    Established Restaurant with Entertainment Venue
    Updated: Sep 28, 2024
    Established Restaurant with Entertainment Venue

    221 E MAIN Street, Knoxville, IL 61448

    $480,000
    11,031 sqft
    Established restaurant with a strong reputation.
    Region’s largest covered outdoor Sound Garden, accommodating over 500 guests, ideal for live music and events.
    Substantial 11,000+ square feet of building space offering expansion or subdivision possibilities.
    Includes both indoor and outdoor venues.
    Turnkey business opportunity with immediate income potential.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Knoxville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Gutted Restaurant Building and Land
    Gutted Restaurant Building and Land

    1321 N PARK Road, Peoria, IL 61604

    $299,000
    2.13 AC lot

    A cleared restaurant interior on over two acres with dedicated parking, positioned directly across from Bradley Park.

    View details
    Mixed-Use Commercial Strip Center
    Mixed-Use Commercial Strip Center

    4325 N Sheridan Road, Peoria, IL 61614

    $870,344
    13,978 sqft

    Mixed-use commercial strip center with 11 units in Peoria, IL.

    View details
    Hardee’s NNN Fast-Food Restaurant
    Hardee’s NNN Fast-Food Restaurant

    220 Green Street, Bushnell, IL 61422

    $1,157,000
    3,371 sqft

    20-year net lease starting Aug 2022 with renewal options and step rent increases on a Hardee’s fast-food site.

    View details
    Freestanding Corner Retail-Office Building
    Freestanding Corner Retail-Office Building

    494 E HURST Street, Bushnell, IL 61422

    $149,900

    A freestanding corner building with high traffic and on-site storage, currently operating as month-to-month office space.

    View details

    Knoxville, IL Conventional Restaurants Market Trends and Statistics

    Explore 1 conventional restaurants for sale in Knoxville, IL on our real estate platform. These investment opportunities span a total of 11,031 square feet of properties for sale, with an estimated market value of $480,000.

    Sale prices for conventional restaurants in Knoxville, IL start at $480,000, averaging $480,000, and reaching up to $480,000 — 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

    Conventional restaurants 1

    Demographics Overview

    Population 3,906
    Population Growth (5Y) +1.8%
    Median Household Income $79,500
    College Educated 28.9%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    61448 $480K

    Taxes & Financing

    Tax Rate (average for all types) 7.76%
    Property Tax per SF $3.17 per SF
    Average Loan-to-Value 65.0%

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