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    405 South Dunlap Ave Savoy, IL 61874

    For Sale
    $899,000

    Turnkey restaurant property in a thriving Central Illinois business district.

    Property size:
    1,200 SF

    Property Features for 405 South Dunlap Ave

    General Information

    Size
    1,200 SF

    Building Details

    Year built
    2023

    Source: Alex Ruggieri, CRE,SEC, CCIM, CIPS, FIABSI, GRI Agent Alex Ruggieri, CRE,SEC, CCIM, CIPS, FIABSI, GRI

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

    Overview

    Savoy Restaurant Opportunity For Sale

    Located at 405 South Dunlap Avenue, Savoy, IL, this property offers an opportunity for restaurant investors. Constructed in 2023, the modern 1,200 SF building is zoned Commercial and suited for a restaurant venture. The location in Central Illinois provides visibility and accessibility, making it an ideal setting for a dining establishment. This turnkey property allows you to bring your culinary vision to life in a thriving business district. The surrounding area offers a strategic location with access to a local university and a commercial environment. Nearby are corporate offices, dining options, and access to major transportation routes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ginger Ale's Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Savoy
    County
    Champaign
    State
    Illinois
    Longitude
    -88.25293
    Latitude
    40.050343

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    FAQs

    What type of property is this?
    Restaurant - Turnkey restaurant property in a thriving Central Illinois business district.
    Where is this restaurant located?
    The property is located at 405 South Dunlap Ave Savoy, IL.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Modern 1,200 SF building constructed in 2023.; - Prime location in Central Illinois with excellent visibility and accessibility.; - Zoned Commercial, perfectly suited for a restaurant venture.
    (217) 841-4382
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    Savoy, IL 61874
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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
    405 South Dunlap Ave Savoy, IL 61874
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