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Steak 'n Shake Investment Opportunity

614 W Raab Rd, Normal, IL

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For Sale

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NNN leased Steak 'n Shake with drive-thru in Normal, IL.

Type:RETAIL

Property size:

3,490 SF

Lot size:

0.98 Acres

HighLights

Absolute NNN lease - ideal for passive investors with zero landlord responsibilities.
Corporate signed Steak 'n Shake with drive‑thru.
Lease recently extended through March 2027.
Located in Normal, IL.
Fee simple interest (land and building ownership).
Three (5‑year) option periods to extend the lease.

We can help!

Listing Contact

Denis Rusulov

For Sale

Contact for pricing

NNN leased Steak 'n Shake with drive-thru in Normal, IL.

Type:RETAIL

Property size:

3,490 SF

Lot size:

0.98 Acres

Added:: Apr 22, 2025
Days on Market:: 420
Last Refresh:: May 20 at 9:46 pm

Property Features for 614 W Raab Rd

General Information

Standard status: Active
Size: 3,490 SF
Lot size: 0.98 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Denis Rusulov

Listing agent Sean Lutz License #475132482

Listing office SRS Real Estate Partners | Chicago

Listing date Apr 22, 2025

Source Moodyscre

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 SRS Real Estate Partners | Chicago

HighLights

Absolute NNN lease - ideal for passive investors with zero landlord responsibilities.
Corporate signed Steak 'n Shake with drive‑thru.
Lease recently extended through March 2027.
Located in Normal, IL.
Fee simple interest (land and building ownership).
Three (5‑year) option periods to extend the lease.

Overview

This property presents an opportunity to acquire a fee simple interest in an absolute NNN leased, drive-thru equipped, corporate signed, Steak 'n Shake investment located in Normal, IL. The tenant, Steak 'n Shake, Inc., recently extended their lease for an additional 2 years through March 2027 and has an additional 3 (5-year) option periods to extend. The lease is absolute NNN with zero landlord responsibilities.

Property Profile Location Intelligence

Current Use by Public Records

Steak 'n Shake Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Normal
County: McLean
State: Illinois
Longitude: -88.9981
Latitude: 40.5323

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What type of property is this?

Drive through restaurant - NNN leased Steak 'n Shake with drive-thru in Normal, IL.

Where is this drive through restaurant located?

The property is located at 614 W Raab Rd Normal, IL.

What are key features of this property?

This property features: Absolute NNN lease - ideal for passive investors with zero landlord responsibilities.; Corporate signed Steak 'n Shake with drive‑thru.; Lease recently extended through March 2027.

614 W Raab Rd, Normal, IL

NNN leased Steak 'n Shake with drive-thru in Normal, IL.

Property Features for 614 W Raab Rd

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Move-In-Ready Medical Office Suite

Historic Landmark Retail Building

Industrial Space with Refrigerated Area

Medical Office Condo For Sale

Sonic Restaurant in Normal, Illinois

Retail Center in College Town

Fully Leased Flexible Use Space

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