Established Bar with Outdoor Entertainment

1220 Old Toronto Road Springfield, IL 62712

Claim this Listing
For Sale
Contact for pricing

Operating bar business with remodeled interior and large beer garden.

Type:Land
Property size:
3,524 SF
Lot size:
1.00 Acre
Price / SF:
$241/SF
Added:
Feb 12, 2025
Days on Market:
515
Last Refresh:
May 13 at 12:25 am

Property Features for 1220 Old Toronto Road

General Information

Standard status
Active
Size
3,524 SF
Lot size
1.00 Acre
Property subtype
Land

Listing office RE/MAX Professionals

Listing date Feb 12, 2025

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Professionals


Investment Insights

Based on property information with market context.

This property features an active bar business with recently remodeled interior and basement areas. The establishment includes a beer garden and entertainment center, featuring a large stage and multi-level viewing deck. The bar offers entertainment without a cover charge, gaming, bar food, and drinks. The property encompasses over an acre, including the building, acreage, and parking areas. The building size is 3,524 square feet.

Key Highlights

  • Recently remodeled interior and basement
  • Large beer garden with stage and multi‑level viewing deck
  • Includes building, over an acre of land, and parking areas

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $69.8k $19.80
− Vacancy −$4.5k −$1.29
EGI $65.2k $18.51
− OpEx −$16.3k −$4.63
NOI $48.9k $13.88
3,524 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$699.0K
$611.6K – $815.5K (±1% cap)
NOI $48,930 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$865.2K
$757.1K – $1.01M (±1% cap)
NOI $60,565 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Bars & Pubs

Similar Off Market Nearby

  • Circle K — 1201 Toronto Rd, Springfield, IL 62712
  • Crows Mill Pub — 1220 Toronto Rd, Springfield, IL 62712
  • Pier 55 Lounge — 1225 Toronto Rd, Springfield, IL 62712
  • Mowie's Cue — 1277 Toronto Rd, Springfield, IL 62712

FAQs

What type of property is this?
Bar & Pub - Operating bar business with remodeled interior and large beer garden.
Where is this bar & pub located?
The property is located at 1220 Old Toronto Road Springfield, IL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Recently remodeled interior and basement; **Large beer garden with stage and multi‑level viewing deck**; Includes building, over an acre of land, and parking areas
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message