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    Conventional Restaurant

    Waverly, IL Conventional Restaurants for Sale

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    New Berlin, IL Franklin, IL Chatham, IL Auburn, IL Springfield, IL Virden, IL Pleasant Plains, IL Palmyra, IL
    Commercial Kitchen Property with Restaurant Equipment
    Updated: Jul 22
    Commercial Kitchen Property with Restaurant Equipment

    223 N Pearl Street, Waverly, IL 62692

    $99,900
    0.15 AC lot
    Approximately 7,000 square feet across two connected, two‑story buildings
    Main level includes built‑in grill, ovens, double freezers, bar refrigeration, dishwasher, and vented exhaust systems
    Approximately 3,500‑square‑foot unfinished upper level
    South building dates to 1890; north building was constructed in 1901
    Approximately 0.15 acres at 223 N Pearl Street on the Waverly town square
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    Two-Story Restaurant Property
    Updated: Jul 10, 2025
    Two-Story Restaurant Property

    223 N Pearl Street, Waverly, IL 62692

    $99,900
    7,000 sqft 0.15 AC lot
    Two connected buildings total approximately 7,000 square feet, with about 3,500 square feet per floor
    Main level includes a built‑in grill, double freezers, vented exhaust, bar and wine refrigeration, dishwasher, and ovens
    Unfinished upper level
    South building dates to 1890; north building was constructed in 1901
    Approximately 0.15 acres on Waverly’s town square, about 30 minutes from Springfield
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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 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.

    Standalone Restaurant with Dual Patios
    Standalone Restaurant with Dual Patios

    11055 W Roosevelt Road, Westchester, IL 60154

    $1,500,000
    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.

    View details
    Standalone Restaurant with Outdoor Patios
    Standalone Restaurant with Outdoor Patios

    11055 W Roosevelt Road, Westchester, IL 60154

    $1,500,000
    0.25 AC lot

    Newer construction restaurant on Roosevelt Road with two seasonal dining areas, central air, and on-site parking.

    View details
    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.

    View details
    Double-Lane Drive-Through Restaurant
    Double-Lane Drive-Through Restaurant

    3100 W White Oaks Drive, Springfield, IL 62704

    Contact for pricing

    The 2023-built, single-tenant property is leased under an absolute NNN structure.

    View details

    Waverly, IL Conventional Restaurants Market Trends and Statistics

    Explore 2 conventional restaurants for sale in Waverly, IL on our real estate platform. These investment opportunities span a total of 7,000 square feet of properties for sale, with an estimated market value of $199,800.

    Sale prices for conventional restaurants in Waverly, IL average $99,900 — 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

    Commercial kitchens 2
    Conventional restaurants 2
    Bars & Pubs 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 $99.9K

    Taxes & Financing

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

    How Realmo verifies these figures

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