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    951 Durkin Dr Springfield, IL 62704

    For Sale
    $475,000

    Commercial - Springfield, IL

    Property size:
    4,548 SF
    Days on Market:
    228
    Last Refresh:
    Dec 14 at 7:06 pm

    Property Features for 951 Durkin Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    S2
    APN
    14310377004
    Size
    4,548 SF

    Utilities

    Heating system
    Electric (Heating), Forced Air, Hot Water (Heating), Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1975
    Flooring type
    Carpet, Concrete, Tile
    Building materials
    Frame, Wood Siding
    Roof type
    Shake
    Architectural style
    Other

    The Real Estate Group, Inc. (217) 787-7000 [email protected]

    Listing agent Melissa Grady (217) 787-7000 License #475114067

    Listing date May 1, 2025

    MLS# CA1035589 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

    Restaurant and Land Opportunity

    This property presents an opportunity to own a restaurant and real estate, eliminating the need for leasing. The offering includes the Lime Street Cafe, a Springfield establishment since 1975, featuring a formal dining room, a bar with seating for many patrons, and a lounge area with pub and table seating, as well as a stage for live weekend music. The real estate also includes a 0.49-acre lot with parking spaces, suitable for constructing another venue such as a gaming location, wine shop, or office. The grassy space could also accommodate pop-up events or reception tents to complement the cafe. The sale includes the restaurant's recipes. The building has 4,548 square feet of living area. The property is located in Springfield, Illinois. The zoning is S2. The property consists of two tax IDs, one for the building and one for the lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lime Street Cafe American Restaurant

    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

    Gudgut, Fulgenzi's Catering

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.703719
    Latitude
    39.790616

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    FAQs

    What type of property is this?
    Restaurant - Established restaurant with additional land for development in Springfield.
    Where is this restaurant located?
    The property is located at 951 Durkin Dr Springfield, IL.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: - Own the restaurant and real estate, eliminating lease payments.; - Established business: Lime Street Cafe, a local favorite since 1975.; - Expansive .49 acre lot included, perfect for expansion or hosting events.
    (217) 787-7000
    Request Owner's contact information
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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

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    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
    951 Durkin Dr Springfield, IL 62704
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