Drive-Through Restaurant with
For Sale
$399,000
711 S Central Ave, Roxana, IL 62084
Newly renovated restaurant with two walk-up service windows, outdoor covered seating, and a large parking lot.
Property Size1,326 SF
Price / SF$300.90
Days on Market878
Property Features for 711 S Central Ave
General Information
Standard status
Active
Size
1,326 SF
Listing Agency:
Tarrant and Harman Real Estate and Auction Co
(618) 433-9436
Listed By:
Duane Vancil · License #475.191836
(618) 433-9436
Source:
Exprealty
Added: Mar 4, 2024
Changed: Jul 21
Last Checked: Jul 22 at 9:59AM
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 Tarrant and Harman Real Estate and Auction Co
Investment Insights
Based on property information with market context.
This drive-through restaurant is newly renovated and offered as a ready-to-operate food establishment. Improvements described in the remarks include brand new construction along with updated wiring, plumbing, and HVAC. The property comes equipped with restaurant equipment and operational items such as an electronic signage system, point-of-sale system, small wares, and housekeeping amenities. Service is supported by two walk-up service windows, and the outdoor guest experience includes furniture for covered seating, along with a stamped pavilion. Additional components mentioned include a portable, detached office, concrete walkways, and alarm and camera protection.
The property is described as a corner location conveniently accessed off IL Hwy 111, with a daily traffic count of 7,300 vehicles. It is noted to be near an industrial area with companies employing thousands, and moments away from Roxana High School.
Operationally, the configuration supports both drive-through service and walk-up service windows, with covered outdoor seating and on-site parking sized for guest arrivals.
The property is described as a corner location conveniently accessed off IL Hwy 111, with a daily traffic count of 7,300 vehicles. It is noted to be near an industrial area with companies employing thousands, and moments away from Roxana High School.
Operationally, the configuration supports both drive-through service and walk-up service windows, with covered outdoor seating and on-site parking sized for guest arrivals.
Key Highlights
- Newly renovated restaurant with brand new construction and new wiring, plumbing, and HVAC systems
- Includes restaurant equipment plus electronic signs and a point‑of‑sale (POS) system, small wares, and housekeeping amenities
- Features two walk‑up service windows and furniture for outdoor covered seating with a portable, detached office
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 | $22.6k | $17.04 |
| − Vacancy | −$1.6k | −$1.23 |
| EGI | $21.0k | $15.81 |
| − OpEx | −$5.2k | −$3.95 |
| NOI | $15.7k | $11.86 |
1,326 SF · lease $17.04/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$224.7K
$196.6K – $262.1K
NOI $15,726 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$361.4K
$316.3K – $421.7K
NOI $25,300 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
Explore this area
Business Placement
Demographics for 62084, IL
1,520
Population
789
Households
1.9
Avg Household Size
39
Median Age
19%
College-Educated
96%
High-School Grad
4.6 sq mi
ZIP Area
330
Density / Sq Mi
$64,375
Median Household Income
$36,094
Median Earnings
$949
Median Rent
$104,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Newly renovated restaurant with two walk-up service windows, outdoor covered seating, and a large parking lot.
Where is this drive through restaurant located?
The property is located at 711 S Central Ave Roxana, IL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Newly renovated restaurant with brand new construction and new wiring, plumbing, and HVAC systems; Includes restaurant equipment plus electronic signs and a point‑of‑sale (POS) system, small wares, and housekeeping amenities; Features two walk‑up service windows and furniture for outdoor covered seating with a portable, detached office
