Building Details

Building Size 2,880 SF

Listing Agency: Gorsuch Realty & Auction t***@gotogorsuch.com Show Phone

Listed By: Trudy Stuckey · License #475180554 Show Phone

Source: Shawneehillsrealestate

Added: Oct 22, 2024 Changed: Aug 10 Last Checked: Aug 11 at 1:53PM

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Investment Insights

Based on property information with market context.

This conventional restaurant and bar business is presented as a fully operational turnkey opportunity in London Mills, Illinois. The business occupies 2,880 square feet and has operated for nearly 40 total years, providing an established operating history for a new owner.

Known as Spoonies, the business is recognized for its food, including pork tenderloins. Its history of coverage includes Pursing Pork Tenderloin, Peoria Local Legends Magazine, and Discover Peoria’s list of top ten places for a pork tenderloin in the Greater Peoria area. The property is located at 103 3rd Street and carries commercial zoning.

Key Highlights

• Fully operational turnkey conventional restaurant and bar business
• 2,880‑square‑foot restaurant operation
• Nearly 40 total years of operating history

Property Analytics

Property Profile

Current Use

Conventional restaurants

Suggested Use

Top Pick Auto Repair Shop Storage Facility (Bike/Boat/Book/etc) Store Food Market Farmer's Market Bar & Pub

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

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

28

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 61544, IL

688

Population

365

Households

1.9

Avg Household Size

50

Median Age

21%

College-Educated

95%

High-School Grad

39.7 sq mi

ZIP Area

17

Density / Sq Mi

$79,333

Median Household Income

$48,125

Median Earnings

$920

Median Rent

$95,700

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 - Operating food-service business with nearly four decades of history in a small-town setting.

Where is this conventional restaurant located?

The property is located at 103 3rd Street London Mills, IL.

What is the asking price?

The asking price for this property is $245,000.

What are key features of this property?

This property features: Fully operational turnkey conventional restaurant and bar business; 2,880‑square‑foot restaurant operation; Nearly 40 total years of operating history