1220 Old Toronto Road Springfield, IL 62712
Operating bar business with remodeled interior and large beer garden.
- 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.
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 |
Alternative Uses
Property Analytics
Current Use by Public Records
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