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Former Restaurant Across From Mill Creek
For Sale
$179,500

11489 E Clarksville Rd, Marshall, IL 62441

Former restaurant with additional revenue streams near Mill Creek Lake.

Property SizeContact for details
Lot Size1.09 Acres
Days on Market206

Property Features for 11489 E Clarksville Rd

General Information

Standard status Active
Lot size 1.09 Acres
Property subtype Land

Taxes and HOA fees

Annual Taxes $2,112
Listing Agency: Remax/Rl Est Assoc
Listed By: John Mullican · License #RB14045223
Source: Exprealty
Added: Jan 26 Changed: Aug 20 Last Checked: Aug 20 at 9:23AM

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 Remax/Rl Est Assoc

Investment Insights

Based on property information with market context.

This former restaurant property is available for sale. The property is located across from Mill Creek Lake and Park near Marshall, Illinois. The site encompasses over 1 acre and includes more than 50 parking spaces. The Mill Creek Restaurant operated for over 20 years as a gathering place and can accommodate up to 70 diners. The property offers opportunities to operate a restaurant and generate additional revenue from a bait store, propane exchange, and camper/trailer hook-up rentals.

Key Highlights

  • Prime location across from Mill Creek Lake and Park.
  • Established restaurant with a 20+ year history.
  • Over 1 acre of land with 50+ parking spaces.

Property Analytics

Current Use

Conventional restaurants

Location Intelligence

Trade Area within ½ mile

9
Businesses Nearby
Well-served
Demand for This Use

Demographics for 62441, IL

7,236
Population
3,290
Households
2.2
Avg Household Size
43
Median Age
29%
College-Educated
94%
High-School Grad
176.9 sq mi
ZIP Area
41
Density / Sq Mi
$80,218
Median Household Income
$47,561
Median Earnings
$855
Median Rent
$139,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Restaurant - Former restaurant with additional revenue streams near Mill Creek Lake.
Where is this restaurant located?
The property is located at 11489 E Clarksville Rd Marshall, IL.
What is the asking price?
The asking price for this property is $179,500.
What are key features of this property?
This property features: Prime location across from Mill Creek Lake and Park.; Established restaurant with a 20+ year history.; Over 1 acre of land with 50+ parking spaces.
More about this property
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