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Former Restaurant with Equipment
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127 E Ashland St, Morton, IL 61550

Former restaurant offers two dining rooms, a large bar area, and remaining kitchen refrigeration and equipment.

Property Size5,091 SF
Days on Market133

Property Features for 127 E Ashland St

General Information

Standard status Active
Size 5,091 SF
Property subtype Retail

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Commercial Hood Yes
Listing Agency: Joseph & Camper Commercial
Listed By: Will Hayes · License #IL 475.122056
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 22 at 6:52AM

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 Joseph & Camper Commercial

Investment Insights

Based on property information with market context.

Former restaurant building totaling 5,091 square feet and available for sale or lease. The space includes two large open dining rooms with a large bar area that provides additional seating. Kitchen and bar improvements that remain include a walk-in cooler/freezer, hood, ice machine, and some sinks. Existing plumbing is stubbed throughout the kitchen and bar area, and some former restaurant equipment remains available.

The property is visible from I-74 and is located on E Ashland Street off of I-74 in Morton, Illinois. Abundant onsite parking is available, and a large pylon sign is visible from the interstate. Neighboring businesses include Farm & Fleet, Walmart, Taco Bell, Dunkin Donuts, and Steak ’n’ Shake, among others.

Key Highlights

  • 5,091 sq ft former restaurant for sale or lease
  • Visible from I‑74 with frontage on E Ashland Street in Morton, Illinois
  • Two large open dining rooms plus a large bar area with additional seating

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access
Yes
Commercial hood

Location Intelligence

Trade Area within ½ mile

369
Businesses Nearby
348k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Dining 35% Superstores 21% Shops & Services 16% Groceries 14%
Walmart Superstores
73,559 visits/mo 0.3 miles
Blain's Farm & Fleet Apparel
42,174 visits/mo 0.1 miles
Kroger Groceries
33,152 visits/mo 0.4 miles
Culver's Dining
30,631 visits/mo 0.3 miles
Circle K Shops & Services
27,799 visits/mo 0.2 miles

Demographics for 61550, IL

18,488
Population
8,053
Households
2.3
Avg Household Size
42
Median Age
40%
College-Educated
97%
High-School Grad
41.2 sq mi
ZIP Area
449
Density / Sq Mi
$92,269
Median Household Income
$48,692
Median Earnings
$1,001
Median Rent
$247,000
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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Similar Off Market Nearby

  • Lin Buffet 756 W Jackson St, Morton, IL 61550

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Former restaurant offers two dining rooms, a large bar area, and remaining kitchen refrigeration and equipment.
Where is this conventional restaurant located?
The property is located at 127 E Ashland St Morton, IL.
What are key features of this property?
This property features: 5,091 sq ft former restaurant for sale or lease; Visible from I‑74 with frontage on E Ashland Street in Morton, Illinois; Two large open dining rooms plus a large bar area with additional seating
(309) 643-0717 Call to check price and availability
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