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Downtown Restaurant and Real Estate

21 West North Street, Danville, IL 61832

For Sale
Contact for pricing

The offering includes both the restaurant operation and its associated real estate.

Property SizeContact for details
Days on Market15

Property Features for 21 West North Street

General Information

Standard status Active
Property subtype Retail

Additional Details

Business Included Yes
Listing Agency: Realty 54
Listed By: Larry Kuchefski · License #471.008990
Source: Crexi
Added: Oct 26 Changed: Nov 8 Last Checked: Nov 8 at 6:06PM

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 Realty 54

Rey
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Investment Insights

Based on property information with market context.

Rich's Deluxe, at 21 West North Street in Danville, is a restaurant business offered with its real estate. The establishment dates to the 1930s and serves Greek specialties, steaks, seafood, and American dishes.

The restaurant is located in downtown Danville. Its long-running operation began under the name “The Deluxe.”

Key Highlights

  • Restaurant business offered together with its real estate
  • Operating in downtown Danville since the 1930s
  • Menu includes Greek specialties, steaks, seafood, and American dishes

Property Analytics

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Current Use

Rich's Deluxe Restaurant Restaurant

Suggested Use

Top Pick Parking Lot & Garage Locksmith Grocery & Convenience Store Garden Center Skin Care Clinic Butcher

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

1,005
Businesses Nearby
Balanced
Demand for This Use

Demographics for 61832, IL

32,878
Population
16,390
Households
2
Avg Household Size
40
Median Age
17%
College-Educated
90%
High-School Grad
27.3 sq mi
ZIP Area
1,204
Density / Sq Mi
$45,264
Median Household Income
$37,288
Median Earnings
$805
Median Rent
$78,400
Median Home Value
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - The offering includes both the restaurant operation and its associated real estate.
Where is this conventional restaurant located?
The property is located at 21 West North Street Danville, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Restaurant business offered together with its real estate; Operating in downtown Danville since the 1930s; Menu includes Greek specialties, steaks, seafood, and American dishes
(217) 918-0871 Call to check price and availability
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