Restaurant with
New
For Sale
$1,700,000
2700 17TH Street, Marion, IL 62959
The dining facility combines a high-capacity kitchen, private room, and drive-through service.
Property Size7,136 SF
Lot Size1.20 Acres
Price / SF$238.23
Days on Market7
Property Features for 2700 17TH Street
General Information
Standard status
Active
Size
7,136 SF
Lot size
1.20 Acres
Property subtype
Commercial
Site & Location
Drive-Thru
Yes
Traffic Count
40,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Restaurant
Seating Capacity
255
Equipment Included
Yes
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$38,191
Amenities
private room
Building Details
Building Size
7,136 SF
Year Built
2005
Stories
1
Listing Agency:
C21 HOUSE OF REALTY, INC.
Listed By:
Dave Thompson · License #471005854
(618) 997-6495
Source:
Fishmangroup
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 1:25PM
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 C21 HOUSE OF REALTY, INC.
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Investment Insights
Based on property information with market context.
This 7,136-square-foot restaurant occupies a 1.2-acre property and includes seating for 255, a 2,300-square-foot kitchen, a private room, and a drive-through. Equipment, furniture, and fixtures are included. The building was constructed in 2005.
The property is reached from the Hill Street exit off I-57, which has a reported daily traffic count of 40,000. Hotels within walking distance account for 675 rooms.
The property is reached from the Hill Street exit off I-57, which has a reported daily traffic count of 40,000. Hotels within walking distance account for 675 rooms.
Key Highlights
- 7,136‑square‑foot restaurant on 1.2 acres
- 2,300‑square‑foot kitchen
- 255 seats and a private room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,212
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,944,240
$1.9M
Cap Rate 7%
$1,388,743
$1.4M
Cap Rate 9%
$1,080,133
$1.1M
Market Conditions
NOI Build-Up for 7,136 SF
Gross rent
$135.3K $18.96/SF
− Vacancy
−$5.7K −$0.80/SF
EGI
$129.6K $18.16/SF
− OpEx
−$32.4K −$4.54/SF
NOI
$97.2K $13.62/SF
Area
Williamson County, IL
Vacancy
4.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,944,240
Cap Rate 7%
$1,388,743
Cap Rate 9%
$1,080,133
Alternative Uses
Best Use
Specialty Retail
$1.39M
$1.22M – $1.62M
NOI $97,212 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.32M – $1.76M
NOI $105,307 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
40,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 62959, IL
27,629
Population
12,997
Households
2.1
Avg Household Size
43
Median Age
28%
College-Educated
92%
High-School Grad
143.0 sq mi
ZIP Area
193
Density / Sq Mi
$69,914
Median Household Income
$44,145
Median Earnings
$895
Median Rent
$166,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The dining facility combines a high-capacity kitchen, private room, and drive-through service.
Where is this conventional restaurant located?
The property is located at 2700 17TH Street Marion, IL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 7,136‑square‑foot restaurant on 1.2 acres; 2,300‑square‑foot kitchen; 255 seats and a private room
