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Neighborhood Bar with Gaming Machines
For Sale
Contact for pricing
Pending

1601 E Converse Avenue, Springfield, IL 62702

The operating business and building are offered together as an established neighborhood venue.

Property Size1,584 SF
Days on Market142

Property Features for 1601 E Converse Avenue

General Information

Standard status Pending
Size 1,584 SF
Property subtype Retail, Special Purpose

Additional Details

Business Included Yes
Patio Yes

Amenities

horseshoe pit
sports room
gaming machines
Listing Agency: Keller Williams Capital
Listed By: Bill Kienzle · License #IL 476433310
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 2:16PM

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 Keller Williams Capital

Investment Insights

Based on property information with market context.

This Springfield bar property combines an operating business with the building itself. The interior totals 1,584 square feet, including 1,146 square feet arranged for customer seating. Gaming machines are part of the existing operation, and the property includes several distinct activity areas.

Outdoor and specialty spaces include a 24-by-40-foot beer garden and a 12-by-25-foot horseshoe pit. A separate 14-by-11-foot sports room adds another defined area within the overall layout. Located at 1601 E Converse Avenue in Springfield, the property is positioned as a neighborhood bar with the business and real estate conveyed together.

Key Highlights

  • Operating bar business and building included together
  • 1,584 SF total area with 1,146 SF dedicated to seating
  • 24 x 40‑foot beer garden

Property Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Real Estate Agency Law Firm Bakery (Bike/Boat/Book/etc) Store Daycare Center Furniture & Home Goods

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

507
Businesses Nearby
Well-served
Demand for This Use

Demographics for 62702, IL

33,712
Population
17,083
Households
2
Avg Household Size
41
Median Age
20%
College-Educated
90%
High-School Grad
15.4 sq mi
ZIP Area
2,189
Density / Sq Mi
$52,748
Median Household Income
$38,160
Median Earnings
$858
Median Rent
$102,300
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
Rey
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Similar Off Market Nearby

  • Grand Empire Slots and Gaming Lounge 123 N Grand Ave E, Springfield, IL 62702
  • Illinois Tap Inc. 715 N Grand Ave E, Springfield, IL 62702
  • Jackson's Handlebar 2001 N 11th St, Springfield, IL 62702
  • Franny's 2136 N 8th St, Springfield, IL 62702
  • Keeley's Place 1102 E Sangamon Ave, Springfield, IL 62702

Frequently Asked Questions

What type of property is this?
Bar & Pub - The operating business and building are offered together as an established neighborhood venue.
Where is this bar & pub located?
The property is located at 1601 E Converse Avenue Springfield, IL.
What are key features of this property?
This property features: Operating bar business and building included together; 1,584 SF total area with 1,146 SF dedicated to seating; 24 x 40‑foot beer garden
(217) 306-7335 Call to check price and availability
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