Restaurant Building with Gaming
For Sale
$450,000
1577 W WABASH Avenue, Springfield, IL 62704
Commercial Sale, Springfield, IL
Property SizeContact for details
Lot Size0.50 Acres
Days on Market2353
Property Features for 1577 W WABASH Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-1
Directions
On corner of Wabash and Leonard in Jerome.
Standard status
Active
APN
22080178020
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
27729
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Building Details
Floors in Building
2
Flooring type
Tile
Building materials
Frame, Vinyl Siding
Roof type
Composition
Listing Agency:
The Real Estate Group, Inc.
(217) 787-7000
Listed By:
Megan Pressnall · License #475162500
(217) 341-8323
Added: Apr 24, 2020
Changed: Sep 2
Last Checked: Oct 2 at 8:06AM
MLS# CA999276
Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This conventional restaurant property at 1577 W WABASH Avenue includes two dining rooms, a centrally positioned bar, and a dedicated gaming room. The building was completely rebuilt in 2007 and also provides a manager’s office plus a private upper-level office suite with a kitchenette and full bathroom. Tile flooring, forced-air heat, central air, a composition roof, frame construction, and vinyl siding are among the building features.
The offering includes 3 parcels totaling approximately 1/2 acre, with an overflow parking lot located across Leonard Street. The property is served by public sewer and carries B-1 zoning. Its configuration supports continued restaurant use as well as retail occupancy, subject to applicable requirements.
The offering includes 3 parcels totaling approximately 1/2 acre, with an overflow parking lot located across Leonard Street. The property is served by public sewer and carries B-1 zoning. Its configuration supports continued restaurant use as well as retail occupancy, subject to applicable requirements.
Key Highlights
- Conventional restaurant property completely rebuilt in 2007
- Two dining rooms, a large center bar, and a dedicated gaming room
- Private upper‑level office suite with kitchenette and full bathroom
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 62704, IL
39,157
Population
20,706
Households
1.9
Avg Household Size
40
Median Age
42%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,352
Median Household Income
$44,793
Median Earnings
$924
Median Rent
$166,900
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Hibachi Grill Supreme Buffet — 2309 S MacArthur Blvd, Springfield, IL 62704
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Rebuilt commercial property with dining areas, bar service, offices, and flexible retail or restaurant use.
Where is this conventional restaurant located?
The property is located at 1577 W WABASH Avenue Springfield, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Conventional restaurant property completely rebuilt in 2007; Two dining rooms, a large center bar, and a dedicated gaming room; Private upper‑level office suite with kitchenette and full bathroom
