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Turn-Key Riverfront Bar and Grill
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104 N FLORENCE Road, Pittsfield, IL 62363

Established restaurant and bar with expansion potential near Illinois River.

Property Size4,288 SF
Price / SF$92.12
Days on Market745

Property Features for 104 N FLORENCE Road

General Information

Standard status Active
Size 4,288 SF
Property subtype Land, Retail
Zoning NZ
Listing Agency: Whitetail Properties Real Esta
Listed By: Marlee Schultz · License #475206145
Source: Crexi
Added: Jul 27, 2024 Changed: Aug 9 Last Checked: Aug 9 at 7:48PM

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 Whitetail Properties Real Esta

Investment Insights

Based on property information with market context.

The Riverbank Bar and Grill is a turn-key business located off the Illinois River and Florence Bridge. The business has an established name in the area and a loyal customer base. It offers a full menu for lunch and dinner along with a full bar. The property includes 4,288 sqft of restaurant and bar space, including a covered outdoor patio seating area with a stage. The outdoor patio also features two heaters and can be enclosed with plastic in the winter for year-round use. The owner oversees and manages the day-to-day operations of the business. The ground from the restaurant to the river has been planted in beans this year and could continue to be planted or used for potential cabin sites or camping. The parking lot is substantially large to easily host big events. A shed on the west side of the property provides storage space. A planned adjacent bridge project is underway, which will give better access to the business from across the Illinois River.

Property Analytics

Current Use

Riverbank Bar & Pub

Suggested Use

Top Pick Building Supply Storage Facility Bed & Breakfast Restaurant Hotel & Motel Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

11
Businesses Nearby
Well-served
Demand for This Use

Demographics for 62363, IL

5,726
Population
2,843
Households
2
Avg Household Size
44
Median Age
25%
College-Educated
95%
High-School Grad
154.2 sq mi
ZIP Area
37
Density / Sq Mi
$56,563
Median Household Income
$42,520
Median Earnings
$703
Median Rent
$118,700
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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Similar Off Market Nearby

  • Riverbank 104 N Florence Rd, Pittsfield, IL 62363

Frequently Asked Questions

What type of property is this?
Bar & Pub - Established restaurant and bar with expansion potential near Illinois River.
Where is this bar & pub located?
The property is located at 104 N FLORENCE Road Pittsfield, IL.
What is the asking price?
The asking price for this property is $395,000.
(217) 617-2194 Call to check price and availability
More about this property
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