Turnkey Subway Restaurant
500 Buckeye Road Pleasant Plains, IL 62677
500 Buckeye Road, Pleasant Plains, IL, 62677
$450,000
For Sale
$450,000
Turnkey Subway restaurant opportunity offered with both real estate and business, featuring a well-maintained interior and efficient layout.
Property Size1,468 SF
Price / SF$306.54
Days on Market81
Property Features for 500 Buckeye Road
General Information
- Standard status
- Active
- Size
- 1,468 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2013
Listing agency
The Real Estate Group, Inc.
(217) 494-0089
Listed by
Kathy Tega · License #475143839
(217) 494-0089
Source
Shawneehillsrealestate
Added: May 4 Updated: Jul 22 at 7:06PM Checked: Jul 22 at 7:06PM
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 The Real Estate Group, Inc.
Investment Insights
Based on property information with market context.
Turnkey Subway franchise opportunity offered including both the real estate and the business. The restaurant has a well-maintained interior with an efficient operational layout, designed to support day-to-day service operations.
The property is located along Buckeye Road in Pleasant Plains, positioned near residential neighborhoods, schools, and community activity centers. The established location is intended to benefit from steady, repeat customer demand.
Offered as an income-producing asset in a stable small-market environment, this listing is structured for investors seeking an immediately operational, brand-supported restaurant. The seller also indicates an option to purchase the property without the business.
The property is located along Buckeye Road in Pleasant Plains, positioned near residential neighborhoods, schools, and community activity centers. The established location is intended to benefit from steady, repeat customer demand.
Offered as an income-producing asset in a stable small-market environment, this listing is structured for investors seeking an immediately operational, brand-supported restaurant. The seller also indicates an option to purchase the property without the business.
Key Highlights
- 2013‑built Subway franchise opportunity offered with both real estate and the business
- Established Subway location along Buckeye Road in Pleasant Plains
- Well‑maintained interior with an efficient operational layout
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.0k | $12.96 |
| − Vacancy | −$951 | −$0.65 |
| EGI | $18.1k | $12.31 |
| − OpEx | −$4.5k | −$3.08 |
| NOI | $13.6k | $9.23 |
1,468 SF · lease $12.96/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$193.7K
$169.5K – $225.9K
NOI $13,556 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$324.2K
$283.7K – $378.3K
NOI $22,695 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Turnkey Subway restaurant opportunity offered with both real estate and business, featuring a well-maintained interior and efficient layout.
Where is this conventional restaurant located?
The property is located at 500 Buckeye Road Pleasant Plains, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2013‑built Subway franchise opportunity offered with both real estate and the business; Established Subway location along Buckeye Road in Pleasant Plains; Well‑maintained interior with an efficient operational layout
