Springfield, IL Conventional Restaurants for Sale

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Grandview, IL Southern View, IL Sherman, IL Riverton, IL Rochester, IL Chatham, IL Cantrall, IL Decatur, IL

25 properties

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Updated: Jul 28

3-Bay Former Golf Simulation Bar

3941 PINTAIL Drive, Springfield, IL 62711

$629,000

0.51 AC lot

New asphalt roof plus newer kitchen updates
Approximately 5,000 SF former golf simulation restaurant and bar
3 garage/truck bays for deliveries, storage, or service access
Wiring and 220V power ready for future buildout
B‑1 zoning on a 0.51‑acre lot

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Updated: Apr 20

Turnkey Standalone Restaurant Building

11055 W Roosevelt Road, Westchester, IL 60154

$1,500,000

0.25 AC lot

Standalone restaurant building with 3,500 SF newer construction completed in 2021
High‑visibility signage on busy Roosevelt Rd in Westchester plus two outdoor dining patios
Expansive 11,000 SF lot with approximately 25 parking spaces
Built for restaurant use with a modern layout supporting dine‑in traffic and private parties
Active liquor license and ongoing liquor stays with the sale; closed liquor to be sold separately

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Remodeled Restaurant with New Hood System

2126 S MACARTHUR Boulevard, Springfield, IL 62704

$459,900

0.14 AC lot

Fully remodeled conventional restaurant in Springfield with new equipment and a new hood system, plus B1/B2 zoning.

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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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Springfield Commercial Package Deal

1295 TORONTO Road, Springfield, IL 62707

$999,999

0.74 AC lot

Remodeled Subway franchise and commercial building for sale in Springfield.

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Restaurant Building with Patio

517 S 4TH Street, Springfield, IL 62701

$499,900

Restaurant building zoned H-2 with a professional kitchen, full bar, lounge, and outdoor patio for guest events.

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Mixed-Use Retail and Restaurant Property

107 W COOK Street, Springfield, IL 62704

$450,000

1.30 AC lot

Historic shopping center offers multiple retail and restaurant lease options, including atrium space and a former restaurant location.

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Standalone Restaurant with Outdoor Patios

11055 W Roosevelt Road, Westchester, IL 60154

$1,500,000

3,500 sqft 0.25 AC lot

Newer construction includes seasonal outdoor dining areas and on-site parking.

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Historic Multi-Story Restaurant Building

620 S 1ST Street, Springfield, IL 62704

$175,000

0.23 AC lot

Three-floor restaurant building features two bars and a full kitchen, with building, furniture, and fixtures offered as-is.

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Turnkey Restaurant with Basement

716 E Enos Avenue, Springfield, IL 62702

$189,900

Turnkey restaurant built out with dining area, kitchen, basement storage, and two restrooms.

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Remodeled Restaurant with New Equipment

2126 S Macarthur Boulevard, Springfield, IL 62704

$475,000

2,464 sqft

Fully remodeled restaurant featuring new equipment and a new hood system on a major commercial corridor.

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Historic Bar and Restaurant Building

518 E CAPITOL Avenue, Springfield, IL 62701

$149,900

S-3 zoned historic bar building with natural gas heat and public sewer service.

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Fully Equipped Restaurant and Bar

301 W N Grand Avenue, Springfield, IL 62702

$469,900

Restaurant and bar space with open dining, bar area, and a fully outfitted kitchen, including pizza ovens and walk-ins.

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Full-Service Restaurant with Separate Bar

2709 S Macarthur Boulevard, Springfield, IL 62704

$585,000

5,220 sqft

Large full-service restaurant with separate dining area and bar seating, recently soft-closed and offered for sale.

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Restaurant with Bar, Lounge and Stage

951 Durkin Drive, Springfield, IL 62704

$425,000

Restaurant property with formal dining, bar and lounge seating, a stage for live music, and central air under S2 zoning.

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Retail and Restaurant Building with Gaming

1577 W WABASH Avenue, Springfield, IL 62704

$450,000

Completely rebuilt in 2007 offering two dining rooms, a gaming room, and office space with on-site parking.

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Historic Restaurant and Bar Building

518 E Capitol Avenue, Springfield, IL 62701

$295,000

6,000 sqft

Historic Italianate property built in 1839 with existing bar/restaurant legacy, plus upper portion needing cleanout and repairs.

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Freestanding Restaurant Building

2660 S Dirksen Pkwy, Springfield, IL 62703

Contact for pricing

7,443 sqft 2.27 AC lot

Freestanding restaurant property with substantial parking and frontage on a signalized hard-corner location.

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Standalone Restaurant with Dual Patios

11055 W Roosevelt Road, Westchester, IL 60154

Contact for pricing

3,500 sqft 0.25 AC lot

Newer 2021-built restaurant on an 11,000 SF lot with roughly 25 parking spaces and two outdoor dining patios.

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Restaurant & Entertainment Venue

517 S 4TH Street, Springfield, IL 62701

Contact for pricing

9,000 sqft

Turnkey restaurant with commercial kitchen hoods, bar lounge, and patio, plus private 125-person lower-level room.

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Historic Three-Story Restaurant Building

620 S 1st Street, Springfield, IL 62704

$175,000

7,007 sqft

A full kitchen and multiple bar areas support restaurant and hospitality operations.

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Historic Shopping Center Retail Space

107 W Cook Street, Springfield, IL 62704

$450,000

35,000 sqft

Spaces are available within Vinegar Hill Mall, including retail and restaurant footprints plus atrium-ready configurations.

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Restaurant-Ready Retail Building

3434 Freedom Drive, Springfield, IL 62704

$1,250,000

1.32 AC lot

Restaurant-ready space in a high-visibility shopping center anchored by Super Walmart and Target.

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Net Leased Restaurant Investment

2100 W White Oaks Dr, Springfield, IL 62704

Contact for pricing

Single-tenant net leased restaurant is occupied by Millions Crab under a new 10-year lease with periodic rent increases.

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Springfield, IL Conventional Restaurants Market Trends and Statistics

Explore 25 conventional restaurants for sale in Springfield, IL, showcased through 25 active listings on our real estate platform. These investment opportunities span a total of 89,390 square feet of properties for sale, with an estimated market value of $12,257,399.

Sale prices for conventional restaurants in Springfield, IL start at $149,900, averaging $583,685, and reaching up to $1,500,000 — 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

Demographics Overview

Population 138K

Population Growth (5Y) +1.9%

Median Household Income $70,314

College Educated 9.5%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
62701	$314.9K
62702	$329.9K
62704	$506.3K
62711	$629K
62707	$1000K

Taxes & Financing

Tax Rate (average for all types) 8.64%

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Sangamon County

New Delisted

Property Size Breakdown

The majority of commercial real estate listings in Springfield fall within the 10,000 to 25,000 square foot range.

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