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    104 Florence Rd Pittsfield, IL 62363

    Sponsored
    For Sale
    $425,000

    Turn-key restaurant, Illinois Riverfront.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional opportunity presents a thriving, established restaurant and bar situated on a substantial parcel of land in Pittsfield, Illinois. The Riverbank Bar and Grill, with its impressive loyal customer base, offers a full lunch and dinner menu, a full bar, and a spacious 4,288 square foot interior. The property also includes a covered outdoor patio with a stage, two heaters, and the option for winter enclosure, extending its usability year-round. A large parking lot easily accommodates large events, and a sizable shed provides ample storage. The land extends to the Illinois River, currently planted in beans, but offering potential for future development such as cabin sites or camping. The property boasts two buildings in total. A planned adjacent bridge project promises increased accessibility and revenue potential. Priced at $425,000, this turn-key operation offers the chance to continue the existing successful business or implement a new concept. This resilient restaurant presents a compelling investment opportunity in a desirable location. The property is located at 104 N Florence Road, Pittsfield, IL 62363.

    Property Features for 104 Florence Rd

    General Information

    Property type
    Restaurants

    Building Details

    Buildings
    2

    HighLights

    • $425,000 asking price for a restaurant and land property.
    • Two buildings on 4,288 square feet of land in Pittsfield, IL.
    • Turn‑key restaurant with established clientele and full bar, located on the Illinois River.
    • Large parking lot suitable for events, plus a storage shed.
    • Potential for expansion and increased revenue due to a planned bridge project.
    Property Profile Location Intelligence

    Current Use by Public Records

    Riverbank Bar & Grill

    Suggested Use

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

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pittsfield
    County
    Pike
    State
    Illinois
    Longitude
    -90.612312
    Latitude
    39.6331511

    Nearby Comparable

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    Nearby Similar for Sale

    • $450,000
      6,912 SF

      Pittsfield Commercial Building with Updates

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      111 W Adams St, Pittsfield, IL 62363
      View Details
    • $485,000
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      Spacious Home with Private Pond

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    • $1,395,000
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    • $425,000
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      Pittsfield Riverfront Restaurant & Bar

      Turn-key business, prime river location
      104 Florence Rd, Pittsfield, IL 62363
      View Details

    FAQs

    What type of property is this?
    Restaurant - Turn-key restaurant, Illinois Riverfront.
    Where is this restaurant located?
    The property is located at 104 Florence Rd Pittsfield, IL.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: $425,000 asking price for a restaurant and land property.; Two buildings on 4,288 square feet of land in Pittsfield, IL.; Turn-key restaurant with established clientele and full bar, located on the Illinois River.
    Request Owner's contact information
    104 Florence Rd Pittsfield, IL 62363
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    Pittsfield, IL 62363
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    104 Florence Rd Pittsfield, IL 62363
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