Listing Agency: Century 21 Tucker Swanson d***@gmail.com Show Phone

Listed By: Dena Turner · License #IL

Source: Crexi

Added: Sep 28, 2024 Changed: Aug 8 Last Checked: Aug 21 at 8:10PM

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Investment Insights

Based on property information with market context.

This established restaurant in Knoxville, Illinois, offers an investment opportunity with high-quality food, entertainment, and amenities. The property includes indoor and outdoor venues, featuring a covered outdoor Sound Garden capable of hosting over 500 guests, suitable for live music, sports events, and private banquets. The building provides over 11,000 square feet of space, offering potential for expansion or subdivision. Additionally, the property includes two designated office spaces, providing immediate income potential.

Key Highlights

• Established restaurant with a strong reputation.
• Region’s largest covered outdoor Sound Garden, accommodating over 500 guests, ideal for live music and events.
• Substantial 11,000+ square feet of building space** offering expansion or subdivision possibilities.

Property Analytics

Property Profile

Current Use

New American Funding ... Loan Service Centsless Copper Collector (Bike/Boat/Book/etc) Store Sparkie's Auto & Custom Auto Repair Shop Big Catz BBQ Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Plumbing Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

191

Businesses Nearby

6k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Shell Shops & Services

4,818 visits/mo 0.1 miles

Old National Bank Shops & Services

1,037 visits/mo 0.1 miles

Demographics for 61448, IL

3,794

Population

1,715

Households

2.2

Avg Household Size

46

Median Age

24%

College-Educated

97%

High-School Grad

40.9 sq mi

ZIP Area

93

Density / Sq Mi

$79,500

Median Household Income

$45,288

Median Earnings

$656

Median Rent

$139,700

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

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Well-established restaurant with indoor and outdoor entertainment venues.

Where is this conventional restaurant located?

The property is located at 221 E MAIN Street Knoxville, IL.

What is the asking price?

The asking price for this property is $480,000.

What are key features of this property?

This property features: Established restaurant with a strong reputation.; Region’s largest covered outdoor Sound Garden, **accommodating over 500 guests, ideal for live music and events.**; Substantial 11,000+ square feet of building space** offering expansion or subdivision possibilities.