Remodeled Restaurant with New
2126 S Macarthur Boulevard Springfield, IL 62704
2126 S Macarthur Boulevard, Springfield, IL, 62704
$475,000
For Sale
$475,000
Fully remodeled restaurant featuring new equipment and a new hood system on a major commercial corridor.
Property Size2,464 SF
Price / SF$192.78
Days on Market17
Property Features for 2126 S Macarthur Boulevard
General Information
- Standard status
- Active
- Size
- 2,464 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing agency
The Real Estate Group, Inc.
(217) 638-1360
Listed by
Jerry George · License #475159363
(217) 638-1360
Source
Craggsrealtors
Added: Jul 6 Updated: Jul 21 at 10:06PM Checked: Jul 21 at 10:06PM
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 The Real Estate Group, Inc.
Investment Insights
Based on property information with market context.
This fully remodeled restaurant is presented as a turnkey foodservice space, with new equipment and a new hood system. The property is described as being remodeled from top to bottom, and the items included with the sale are referenced on an attached sheet.
Located on one of Springfield’s major commercial corridors with excellent frontage on S MacArthur Blvd, the site is positioned for visibility and daily traffic. The surrounding area includes national and local businesses such as Walgreens, PNC Bank, offices, restaurants, and retail centers.
For buyers seeking a move-in-ready restaurant setup, the combination of full remodel work and the newly installed hood system and equipment is designed to support immediate operational use, subject to applicable approvals and tenant or buyer requirements.
Located on one of Springfield’s major commercial corridors with excellent frontage on S MacArthur Blvd, the site is positioned for visibility and daily traffic. The surrounding area includes national and local businesses such as Walgreens, PNC Bank, offices, restaurants, and retail centers.
For buyers seeking a move-in-ready restaurant setup, the combination of full remodel work and the newly installed hood system and equipment is designed to support immediate operational use, subject to applicable approvals and tenant or buyer requirements.
Key Highlights
- Excellent frontage on south Macarthur Blvd on a major Springfield commercial corridor
- Fully remodeled restaurant with new equipment throughout
- Includes an all‑new hood system
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.8k | $19.80 |
| − Vacancy | −$3.2k | −$1.29 |
| EGI | $45.6k | $18.51 |
| − OpEx | −$11.4k | −$4.63 |
| NOI | $34.2k | $13.88 |
2,464 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$488.7K
$427.7K – $570.2K
NOI $34,212 @ 7.0% cap · market cap 7.20%
Second Best
Industrial
$210.7K
$184.3K – $245.8K
NOI $14,747 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$605.0K
$529.3K – $705.8K
NOI $42,347 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
LendNation
Loan Service
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial kitchen - Fully remodeled restaurant featuring new equipment and a new hood system on a major commercial corridor.
Where is this commercial kitchen located?
The property is located at 2126 S Macarthur Boulevard Springfield, IL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Excellent frontage on south Macarthur Blvd on a major Springfield commercial corridor; Fully remodeled restaurant with new equipment throughout; Includes an all‑new hood system
