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Steak 'N Shake Restaurant Location
For Sale
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3819 Broadway St., Quincy, IL 62305

Signalized hard-corner restaurant site on Quincy’s main commercial corridor with 17 years remaining on a 20-year lease.

Property SizeContact for details
Days on Market139

Property Features for 3819 Broadway St.

General Information

Standard status Active
Property subtype Retail

Building Details

Tenancy Single
Listing Agency: Marcus & Millichap - Seattle
Listed By: Hank Wolfer · License #WA 110547
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 23 at 9:07AM

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 Marcus & Millichap - Seattle

Investment Insights

Based on property information with market context.

This for-sale restaurant location is marketed as the Broadway Street Steak 'N Shake in Quincy, Illinois. The property sits on a signalized, hard corner lot along the main commercial corridor and is currently operated under a 20-year lease structure with 17 years remaining.

The site’s placement on a primary retail corridor is supported by its description as being in the heart of the main commercial corridor and positioned on a hard corner with signalized access.

The current operation is noted as being run by the largest Steak 'N Shake franchisee in the system, and the leasing timeline provides an established remaining term for a prospective buyer.

Key Highlights

  • Signalized hard‑corner restaurant site on Quincy’s main commercial corridor
  • Broadway Street Steak ’N Shake location
  • 17 years remaining on a 20‑year lease

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Law Firm Hair Salon Parking Lot & Garage Electrical Service

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

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

685
Businesses Nearby
441k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 33% Shops & Services 22% Superstores 20% Groceries 20%
Target Superstores
75,614 visits/mo 0.1 miles
Hy-Vee Groceries
56,027 visits/mo 0.2 miles
Hobby Lobby Shops & Services
44,030 visits/mo 0.2 miles
Raising Cane's Chicken Fingers Dining
38,735 visits/mo 0.2 miles
Aldi Groceries
30,384 visits/mo 0.3 miles

Demographics for 62305, IL

19,042
Population
8,344
Households
2.3
Avg Household Size
45
Median Age
35%
College-Educated
97%
High-School Grad
139.2 sq mi
ZIP Area
137
Density / Sq Mi
$80,918
Median Household Income
$44,072
Median Earnings
$887
Median Rent
$203,500
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?
Conventional restaurant - Signalized hard-corner restaurant site on Quincy’s main commercial corridor with 17 years remaining on a 20-year lease.
Where is this conventional restaurant located?
The property is located at 3819 Broadway St. Quincy, IL.
What are key features of this property?
This property features: Signalized hard‑corner restaurant site on Quincy’s main commercial corridor; Broadway Street Steak ’N Shake location; 17 years remaining on a 20‑year lease
More about this property
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