Building Details

Building Size 7,000 SF

Year Built 1890

Buildings 2

Stories 2

Construction brick and metal siding

Listing Agency: Tarrant and Harman Real Estate and Auction Co t***@yahoo.com Show Phone

Listed By: Amy Quarton · License #475.200446 Show Phone

Source: Flowershomerealty

Added: Jul 10, 2025 Changed: Oct 26 Last Checked: Oct 26 at 3:54AM

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Investment Insights

Based on property information with market context.

Two connected buildings provide approximately 7,000 square feet, with about 3,500 square feet on each floor. The south building dates to 1890, and the north building was built in 1901. Restaurant infrastructure on the main level includes a built-in grill, double freezers, vented exhaust, refrigeration for wine and bar service, a dishwasher, ovens, and other commercial kitchen equipment. The upper floor is unfinished. Wood floors, brick and metal siding, central air, forced-air heat, ceiling fans, full utility connections, a ramp entrance, and wide doorways are also part of the property.

The approximately 0.15-acre site is on Waverly’s town square, with highway access, and is about 30 minutes from Springfield. The property is currently operating as an income-producing business.

Key Highlights

• Two connected buildings total approximately 7,000 square feet, with about 3,500 square feet per floor
• Main level includes a built‑in grill, double freezers, vented exhaust, bar and wine refrigeration, dishwasher, and ovens
• Unfinished upper level

Property Analytics

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Open Analytics

Current Use

Verda Mae's Restaurant

Suggested Use

Top Pick Dental Office HVAC Service Electrical Service Auto Repair Shop Plumbing Service 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

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

119

Businesses Nearby

8k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Casey's General Store Shops & Services

7,402 visits/mo 0.2 miles

Napa Auto Parts Shops & Services

197 visits/mo 0.5 miles

Demographics for 62692, IL

1,970

Population

940

Households

2.1

Avg Household Size

42

Median Age

21%

College-Educated

95%

High-School Grad

87.3 sq mi

ZIP Area

23

Density / Sq Mi

$66,619

Median Household Income

$45,192

Median Earnings

$771

Median Rent

$115,200

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

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Commercial cooking equipment and food-service systems are installed on the main floor.

Where is this conventional restaurant located?

The property is located at 223 N Pearl Street Waverly, IL.

What is the asking price?

The asking price for this property is $99,900.

What are key features of this property?

This property features: Two connected buildings total approximately 7,000 square feet, with about 3,500 square feet per floor; Main level includes a built‑in grill, double freezers, vented exhaust, bar and wine refrigeration, dishwasher, and ovens; Unfinished upper level