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    2709 S Macarthur Blvd Springfield, IL 62704

    For Sale
    $650,000

    Commercial - Springfield, IL

    Property size:
    5,220 SF
    Days on Market:
    135
    Last Refresh:
    Dec 5 at 5:06 pm

    Property Features for 2709 S Macarthur Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-1
    APN
    22080228094
    Size
    5,220 SF

    Building Details

    Architectural style
    Other

    Keller Williams Capital (217) 553-4368 [email protected]

    Listing agent James Skeeters (217) 303-8445 License #475097981

    Listing date Jul 24, 2025

    MLS# CA1038038 Listing URL

    Copyright © 2025 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.

    Overview

    Springfield Restaurant and Bar Opportunity

    This full-service restaurant, located on South MacArthur in Springfield, Illinois, features a dining area separate from a full-service bar. The bar includes booths and offers a nostalgic atmosphere reminiscent of the early 70s. The 5,220 square foot property is approximately one mile north of the new sports complex and Scheels Sporting Goods. Situated next to over a hundred apartments and numerous rooftops, the location presents the possibility for a successful gaming operation. The restaurant recently experienced a soft closure and could potentially reopen in a short time. The property is zoned B-1 and is suitable for restaurants, retail properties, and bars.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fritz's Restaurant aka ... American Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Utter's Catering & BBQ

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.668845
    Latitude
    39.770052

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    FAQs

    What type of property is this?
    Restaurant - Full-service restaurant and bar near new sports complex and apartments.
    Where is this restaurant located?
    The property is located at 2709 S Macarthur Blvd Springfield, IL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Proximity to new sports complex and Scheels Sporting Goods.; - Full-service restaurant with separate dining area and bar.; - Located next to over a hundred apartments and numerous rooftops.
    (217) 303-8445
    Request Owner's contact information
    2709 S Macarthur Blvd Springfield, IL 62704
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    Springfield, IL 62704
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2709 S Macarthur Blvd Springfield, IL 62704
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