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    301 N Grand Ave Springfield, IL 62702

    Sponsored
    For Sale
    $469,900

    COMMERCIAL - Springfield, IL

    Days on Market:
    38
    Last Refresh:
    Jan 5 at 2:06 pm

    Property Features for 301 N Grand Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-1
    APN
    14210479027

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Flooring type
    Concrete, Tile
    Building materials
    Block, Stucco
    Roof type
    Metal

    RMP of Springfield,LLC dba Remax Professionals (217) 787-7215 [email protected]

    Listing agent Melissa D Vorreyer

    Listing date Nov 29, 2025

    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

    Equipped Restaurant and Bar Space

    This commercial space, approximately 4,800 sq ft, is fully equipped for immediate operation as a restaurant and bar. The property features an open dining area, a sectioned-off bar, and a spacious, fully outfitted kitchen. The kitchen includes pizza ovens, a walk-in cooler and freezer, restaurant equipment, and small wares. Tables, chairs, and essential fixtures are included. Situated on four parcels, the property provides ample parking. A new roof was installed in 2018. The layout and space accommodate the addition of a drive-through window, expanding service capabilities. This location offers the infrastructure and amenities to support long-term success for launching a new concept or expanding an existing brand. The property is located in Springfield, Illinois.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Instinct Fitness and Wellness Physical Fitness Program Trailhead Center for Yoga ... Yoga Studio Holistic Body Transformation Weight Loss Service Timeless Beauty MedSpa Medical Spa Solstice Acupuncture & Apothecary Acupuncture Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Chef Brandis Catering

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.65754241
    Latitude
    39.81638264

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    FAQs

    What type of property is this?
    Restaurant - Turn-key restaurant and bar with ample parking in Springfield.
    Where is this restaurant located?
    The property is located at 301 N Grand Ave Springfield, IL.
    What is the asking price?
    The asking price for this property is $469,900.
    What are key features of this property?
    This property features: - Fully equipped 4,800 sq ft commercial space ready for immediate operation as a restaurant and bar.; - Includes a fully outfitted kitchen with pizza ovens, walk-in cooler and freezer, and restaurant equipment.; - Located on four parcels with ample parking and high exposure.
    (217) 652-0875
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    301 N Grand Ave Springfield, IL 62702
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    Springfield, IL 62702
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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
    301 N Grand Ave Springfield, IL 62702
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