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221 Main St Knoxville, IL 61448

Sponsored
For Sale
$1,000,000

Turnkey Restaurant, Office Income, Huge Potential

Property size:
11,031 SF

Description

Added:
Feb 3, 2025
Days on Market:
339
This exceptional 11,031 square foot commercial property, situated on a 1.28-acre lot at 221 E Main Street in Knoxville, Illinois, presents a unique investment opportunity. The property currently houses a thriving, well-established restaurant renowned for its high-quality food and vibrant atmosphere. The restaurant boasts both indoor and outdoor dining spaces, including a remarkable covered outdoor Sound Garden capable of accommodating over 500 guests – ideal for live music, sporting events, and private functions. The fully equipped commercial kitchen includes a main kitchen, prep kitchen, bar, and ample dining areas, complemented by outdoor smokers. Adding to the investment appeal, two established office tenants generate immediate rental income. The current owners are offering a smooth transition, providing support to new ownership for up to three years. This turnkey operation offers a blend of established revenue streams and significant growth potential. A detailed inventory list is available upon request. This is a rare chance to acquire a well-regarded business and income-producing property in a desirable location. The asking price is $1,000,000.

Property Features for 221 Main St

General Information

Property type
Other commercial real estate
Square Feet
11,031 SF
Lot Size
55,757 SF

Property Profile Location Intelligence

Current Use by Public Records

New American Funding ... Mortgage Lender Centsless Copper Collector Coin Dealer Sparkie's Auto & Custom Car Repair And Maintenance Service Big Catz BBQ Barbecue 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.

Location Insight

  • Map
  • Local Demand
City
Knoxville
County
Knox
State
Illinois
Longitude
-90.2826
Latitude
40.90845

FAQs

What type of property is this?
Commercial real estate - Turnkey Restaurant, Office Income, Huge Potential
Where is this commercial real estate located?
The property is located at 221 Main St Knoxville, IL.
What is the asking price?
The asking price for this property is $1,000,000.
More about this property
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