Conventional Restaurant

Waverly, IL Conventional Restaurants for Sale

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Two-Building Mixed-Use Commercial Property
Updated: Jun 9
Two-Building Mixed-Use Commercial Property

223 N Pearl Street, Waverly, IL 62692

$125,000
0.15 AC lot
7,000 sq ft commercial property on the Waverly town square with two connected two‑story buildings
South building built in 1890 and north building built in 1901, totaling about 3,500 sq ft per level
Commercial kitchen equipment included: built‑in grill, double freezers, vented exhaust fans, wine/bar fridge, and dishwasher
Heating and cooling include forced‑air heat and central air, plus ceiling fans throughout
Accessibility features include ramp entry with wide doorways
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Waverly, 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.

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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Restaurant with Outdoor Bar and Beer Garden
Restaurant with Outdoor Bar and Beer Garden

133 S 2ND Street, Girard, IL 62640

$350,000
0.28 AC lot

Brick restaurant with central air and forced-air heating, offering bar and gaming plus an outdoor beer garden.

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Restaurant-Ready Retail Building
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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Profitable Restaurant & Bar on Route 66
Profitable Restaurant & Bar on Route 66

133 S 2ND Street, Girard, IL 62640

Contact for pricing

Established restaurant and bar with multiple revenue streams and gaming.

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Waverly, IL Conventional Restaurants Market Trends and Statistics

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

Sale prices for conventional restaurants in Waverly, IL average $125,000 — 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 2,128
Population Growth (5Y) +0.3%
Median Household Income $66,619
College Educated 30.2%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
62692 $125K

Taxes & Financing

Tax Rate (average for all types) 6.13%
Property Tax per SF $76.29 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Morgan County

New Delisted

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