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    951 Durkin Dr Springfield, IL 62704

    Sponsored
    For Sale
    $475,000

    COMMERCIAL - Springfield, IL

    Days on Market:
    250
    Last Refresh:
    Jan 5 at 1:06 pm

    Property Features for 951 Durkin Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    S2
    APN
    14310377004

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Electric (Heating), Hot Water(Heating), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1975
    Floors in Building
    1
    Flooring type
    Concrete, Carpet, Tile
    Building materials
    Wood Siding, Frame
    Roof type
    Shake

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

    Listing agent Melissa M Grady

    Listing date May 1, 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

    Springfield Restaurant and Land Opportunity

    This property presents an opportunity to own a restaurant along with the real estate. The offering includes the Lime Street Cafe, established in 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 music. The real estate includes a 0.49-acre lot and parking spaces, suitable for constructing another venue such as a gaming location, wine shop, or office. The grassy area could also accommodate pop-up events or reception tents to complement the cafe. The sale includes the food recipes. The property is zoned S2. The square footage is believed to be accurate. The property includes 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 - Restaurant, bar, and land for sale in Springfield, Illinois.
    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 established Lime Street Cafe business and real estate (building and land) outright.; - Includes a .49 acre lot with parking, suitable for expansion or additional venue development.; - Features a formal dining room, bar, and lounge with stage for live music.
    (217) 691-0999
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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
    951 Durkin Dr Springfield, IL 62704
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