Steak 'n Shake Investment
For Sale
Contact for pricing
614 W Raab Rd, Normal, IL
NNN leased Steak 'n Shake with drive-thru in Normal, IL.
Property Size3,490 SF
Lot Size0.98 Acres
Days on Market511
Property Features for 614 W Raab Rd
General Information
Standard status
Active
Size
3,490 SF
Lot size
0.98 Acres
Property subtype
RETAIL
Listing Agency:
SRS Real Estate Partners | Chicago
(312) 279-5320
Listed By:
Sean Lutz · License #475132482
(312) 437-8598
Source:
Moodyscre
Added: Apr 22, 2025
Changed: Aug 16
Last Checked: Sep 13 at 10:50AM
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 SRS Real Estate Partners | Chicago
Investment Insights
Based on property information with market context.
This property presents an opportunity to acquire a fee simple interest in an absolute NNN leased, drive-thru equipped, corporate signed, Steak 'n Shake investment located in Normal, IL. The tenant, Steak 'n Shake, Inc., recently extended their lease for an additional 2 years through March 2027 and has an additional 3 (5-year) option periods to extend. The lease is absolute NNN with zero landlord responsibilities.
Key Highlights
- Absolute NNN lease - ideal for passive investors with zero landlord responsibilities.
- Corporate signed Steak 'n Shake with drive‑thru.
- Lease recently extended through March 2027.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
208k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 35%
Groceries 10%
Hotels & Casinos 3%
McDonald's
Dining
25,400 visits/mo
0.1 miles
Schnucks
Groceries
21,670 visits/mo
0.4 miles
Circle K
Shops & Services
20,973 visits/mo
0.1 miles
Starbucks
Dining
18,207 visits/mo
0.2 miles
Dollar Tree
Shops & Services
16,584 visits/mo
0.4 miles
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - NNN leased Steak 'n Shake with drive-thru in Normal, IL.
Where is this drive through restaurant located?
The property is located at 614 W Raab Rd Normal, IL.
What are key features of this property?
This property features: Absolute NNN lease - ideal for passive investors with zero landlord responsibilities.; Corporate signed Steak 'n Shake with drive‑thru.; Lease recently extended through March 2027.
