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Freestanding Storefront Property
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7 Corvette Drive, Litchfield, IL 62056

Former restaurant building with General Commercial C-2 zoning and retail or mixed-use possibilities.

Property Size4,022 SF
Lot Size1.72 Acres
Days on Market83

Property Features for 7 Corvette Drive

General Information

Standard status Active
Size 4,022 SF
Lot size 1.72 Acres
Property subtype Retail
Zoning C-2: General Commercial

Building Details

Building Size 4,022 SF
Year Built 2010
Tenancy Single
Listing Agency: SRS Industrial - Newport Beach
Listed By: Winston Guest · License #CA 01732226
Source: Srsre
Added: Jun 9 Changed: Aug 30 Last Checked: Aug 30 at 12:51PM

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 Industrial - Newport Beach

Investment Insights

Based on property information with market context.

This freestanding commercial property includes a vacant former restaurant building with 4,022 SF of gross leasable area on 1.72 acres. Constructed in 2010, the improvements are offered with the underlying land as a fee simple interest, providing an existing structure for continued commercial use or repositioning.

The property is located at 7 Corvette Drive in Litchfield, Illinois, within a retail corridor with access to residential communities, schools, and commuter routes. General Commercial C-2 zoning supports a range of retail and mixed-use possibilities identified for the site.

Key Highlights

  • 4,022 SF of gross leasable area on 1.72 acres
  • Freestanding former restaurant building with land included
  • General Commercial C‑2 zoning

Property Analytics

Current Use

Ruby Tuesday Restaurant

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Electrical Service Real Estate Agency (Bike/Boat/Book/etc) Store Locksmith

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

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

128
Businesses Nearby
Well-served
Demand for This Use

Demographics for 62056, IL

8,559
Population
4,095
Households
2.1
Avg Household Size
43
Median Age
26%
College-Educated
94%
High-School Grad
107.4 sq mi
ZIP Area
80
Density / Sq Mi
$62,705
Median Household Income
$39,511
Median Earnings
$655
Median Rent
$119,800
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?
Storefront property - Former restaurant building with General Commercial C-2 zoning and retail or mixed-use possibilities.
Where is this storefront property located?
The property is located at 7 Corvette Drive Litchfield, IL.
What are key features of this property?
This property features: 4,022 SF of gross leasable area on 1.72 acres; Freestanding former restaurant building with land included; General Commercial C‑2 zoning
More about this property
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