Conventional Restaurant

London Mills, IL Conventional Restaurants for Sale

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Turnkey Restaurant and Bar
Updated: Oct 22, 2024
Turnkey Restaurant and Bar

103 3rd Street, London Mills, IL 61544

$245,000
2,880 sqft
Fully operational turnkey conventional restaurant and bar business
2,880‑square‑foot restaurant operation
Nearly 40 total years of operating history
Known as Spoonies and recognized for pork tenderloins
Featured by Pursing Pork Tenderloin and Peoria Local Legends Magazine
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in London Mills, 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.

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

220 Green Street, Bushnell, IL 61422

Contact for pricing
3,371 sqft

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

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Freestanding Corner Retail-Office Building
Freestanding Corner Retail-Office Building

494 E HURST Street, Bushnell, IL 61422

Contact for pricing

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

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Multi-Building Retail Site
Multi-Building Retail Site

1075 N Henderson St, Galesburg, IL 61401

Contact for pricing

Two retail buildings totaling 0.90 acres, including a leased childrens consignment shop and a former restaurant with equipment remaining.

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Galesburg Restaurant Opportunity
Galesburg Restaurant Opportunity

1160 W MAIN Street, Galesburg, IL 61401

Contact for pricing

Turnkey restaurant ready for new owner in Galesburg, IL.

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London Mills, IL Conventional Restaurants Market Trends and Statistics

Explore 1 conventional restaurants for sale in London Mills, IL on our real estate platform. These investment opportunities span a total of 2,880 square feet of properties for sale, with an estimated market value of $245,000.

Sale prices for conventional restaurants in London Mills, IL average $245,000 — 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

Bars & Pubs 2
Conventional restaurants 2

Demographics Overview

Population 815
Population Growth (5Y) +38.1%
Median Household Income $79,333
College Educated 26.1%

Taxes & Financing

Tax Rate (average for all types) 8.62%
Property Tax per SF $32.09 per SF
Tax Rate vs County Average 0.49 pp below county avg
Average Loan-to-Value 65.0%

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