Listing Agency: Coldwell Banker Real Estate Group

Listed By: Tyler Alexander · License #IL

Source: Crexi

Added: Apr 24 Changed: Aug 8 Last Checked: Jul 21 at 3:59AM

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Investment Insights

Based on property information with market context.

This property operates as a drive-in diner and is being offered for sale as a functioning restaurant. It is commonly known as The Frostop and has been owned and operated by the same family for over 60 years. The sale includes all equipment and sheds, and the family has indicated a willingness to share the root beer recipe.

Located at 314 N Pennsylvania in Chrisman, the property sits on Illinois Route One.

The existing setup supports service in a drive-in format, with the included equipment and sheds designed to support continued restaurant operations.

Key Highlights

• Long‑running drive‑in diner sale on Illinois Route One known as The Frostop
• Restaurant operated by the same family for over 60 years
• Property currently functions as a drive‑in diner with flexible options for a new business venture

Property Analytics

Property Profile

Current Use

Riggen's Frostop Restaurant

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store (Bike/Boat/Book/etc) Store Hair Salon Garden Center Auto Repair Shop

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

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

108

Businesses Nearby

8k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Casey's General Store Shops & Services

7,220 visits/mo 0.1 miles

Napa Auto Parts Shops & Services

857 visits/mo 0.3 miles

Demographics for 61924, IL

2,274

Population

938

Households

2.4

Avg Household Size

49

Median Age

22%

College-Educated

93%

High-School Grad

142.8 sq mi

ZIP Area

16

Density / Sq Mi

$73,375

Median Household Income

$41,058

Median Earnings

$754

Median Rent

$115,700

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

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Frequently Asked Questions

What type of property is this?

Drive through restaurant - Long-running drive-in diner sale includes equipment and sheds on Illinois Route One.

Where is this drive through restaurant located?

The property is located at 314 N Pennsylvania Chrisman, IL.

What are key features of this property?

This property features: Long‑running drive‑in diner sale on Illinois Route One known as The Frostop; Restaurant operated by the same family for over 60 years; Property currently functions as a drive‑in diner with flexible options for a new business venture