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Restaurant with Covered Patio
For Sale
Contact for pricing
Pending

300 W 3rd St, Kewanee, IL 61443

Established restaurant property with dining, kitchen, storage, office, restrooms, parking, and extensive operating equipment.

Property SizeContact for details
Days on Market143

Property Features for 300 W 3rd St

General Information

Standard status Pending
Property subtype Retail
Listing Agency: Mel Foster Co. Kewanee
Listed By: Eve Anderson · License #IL475138512
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 4:55PM

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 Mel Foster Co. Kewanee

Investment Insights

Based on property information with market context.

This restaurant property at 300 W 3rd St includes a 2,400-square-foot building arranged with a 40X34 dining room, 21X34 covered outdoor patio, kitchen, service area, prep and storage room, office, and two restrooms. The site also includes a parking lot and two adjacent outdoor sheds with storage, walk-in coolers, and a freezer. Commercial zoning is identified in the property information.

The sale includes kitchen equipment, tables and chairs, table-service items, dishware, pans, a soda fountain, coolers and freezers, a safe, cash register, POS system with server tablets, washer and dryer, security system with 12 cameras, recipes, and most outdoor seating. The ice machine is leased, and the restaurant name must change with new ownership. The property is located by the Amtrac Train Station in downtown Kewanee.

Key Highlights

  • 2,400‑square‑foot restaurant building at 300 W 3rd St, Kewanee, IL 61443
  • 40X34 dining area plus 21X34 covered outdoor patio
  • Two adjacent sheds with storage, walk‑in coolers, and freezer

Property Analytics

Current Use

Phatboys BBQ & Catering Restaurant

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Building Supply Big Box & Wholesale Store Skin Care Clinic

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

468
Businesses Nearby
Under-served
Demand for This Use

Demographics for 61443, IL

13,780
Population
6,613
Households
2.1
Avg Household Size
41
Median Age
16%
College-Educated
85%
High-School Grad
100.5 sq mi
ZIP Area
137
Density / Sq Mi
$51,306
Median Household Income
$36,553
Median Earnings
$782
Median Rent
$75,900
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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Established restaurant property with dining, kitchen, storage, office, restrooms, parking, and extensive operating equipment.
Where is this conventional restaurant located?
The property is located at 300 W 3rd St Kewanee, IL.
What are key features of this property?
This property features: 2,400‑square‑foot restaurant building at 300 W 3rd St, Kewanee, IL 61443; 40X34 dining area plus 21X34 covered outdoor patio; Two adjacent sheds with storage, walk‑in coolers, and freezer
More about this property
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