Corner Restaurant
New
For Sale
$470,000
635 W JEFFERSON Street, Springfield, IL 62702
Commercial Sale, Springfield, IL
Property SizeContact for details
Lot Size0.36 Acres
Days on Market5
Property Features for 635 W JEFFERSON Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
S
Parking
25
Directions
North corner between Jefferson and Walnut
Standard status
Active
APN
14-28.0-454-040
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Pt E 70' Lot 1 & Pt Lot 2 Wrights Addn
Tax Annual Amount
9293
Legal Description
Pt E 70' Lot 1 & Pt Lot 2 Wrights Addn
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air, Electric (Heating), Hot Water(Heating)
Cooling system
Central Air
Amenities
billboard
Building Details
Year built
1983
Floors in Building
1
Building materials
Wood Siding, Brick, Frame
Roof type
Shake
Listing Agency:
The Real Estate Group, Inc.
(217) 787-7000
Listed By:
Jerry George · License #475159363
(217) 638-1360
Added: Sep 28
Changed: Oct 1
Last Checked: Oct 2 at 7:06AM
MLS# CA1046818
Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This restaurant property occupies a 0.3645-acre corner parcel at W Jefferson Street and Walnut Street in Springfield. The building, constructed in 1983, has wood siding, brick, and frame construction, with central air conditioning and natural gas, forced-air, electric, and hot-water heating. The property is currently leased and operating as a Mexican restaurant; restaurant equipment may also be leased. A billboard is included in the sale.
The site is near downtown and surrounded by state and city government buildings, hospitals, and residential subdivisions. On-site parking and public sewer service are present. The property is zoned S.
The site is near downtown and surrounded by state and city government buildings, hospitals, and residential subdivisions. On-site parking and public sewer service are present. The property is zoned S.
Key Highlights
- 0.3645‑acre corner parcel at W Jefferson Street and Walnut Street
- Currently leased and operating as a Mexican restaurant
- Billboard included in the sale
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,183
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 62702, IL
33,712
Population
17,083
Households
2
Avg Household Size
41
Median Age
20%
College-Educated
90%
High-School Grad
15.4 sq mi
ZIP Area
2,189
Density / Sq Mi
$52,748
Median Household Income
$38,160
Median Earnings
$858
Median Rent
$102,300
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - The site includes a billboard, on-site parking, and public sewer service.
Where is this conventional restaurant located?
The property is located at 635 W JEFFERSON Street Springfield, IL.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: 0.3645‑acre corner parcel at W Jefferson Street and Walnut Street; Currently leased and operating as a Mexican restaurant; Billboard included in the sale
