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    2700 17Th St Marion, IL 62959

    Sponsored
    For Sale
    $2,495,000

    Established Restaurant, 7,136 sq ft, 1.21 acres

    Property size:
    7,136 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 2700 17th Street in Marion, Illinois, presents a remarkable investment opportunity. The 7,136 square foot building sits on a 1.21-acre lot and is zoned for commercial use. Built in 2005, this property previously housed the legendary 17th Street Bar & Grill and features a substantial 2,300 square foot kitchen designed for high-volume service. With a seating capacity of 255, including a highly sought-after private room, and a drive-thru that contributed 35% to previous revenue, this location offers diverse income streams. The property's prime location on "The Hill," near the Interstate 57 exit (40,000 daily traffic count), and within walking distance of 675 hotel rooms in the rapidly expanding THRILLVILLE entertainment hub, ensures high visibility and accessibility. The sale includes the building, land, equipment, furniture, and fixtures. This is an unparalleled chance to acquire a well-established restaurant with significant growth potential in a thriving commercial area. The property is ready for a new owner to capitalize on its existing infrastructure and strategic location.

    Property Features for 2700 17Th St

    General Information

    Property type
    Restaurants
    Square Feet
    7,136 SF
    Lot Size
    52,708 SF

    Building Details

    Year Built
    2005
    Buildings
    1

    HighLights

    • $2,495,000 asking price for a 7,136 square foot restaurant property.
    • Located on 1.21 acres of commercially zoned land in Marion, IL.
    • Built in 2005, the property includes a 2,300 square foot kitchen, seating for 255, and a private room.
    • Features a drive‑thru, contributing to previous high revenue.
    • Includes building, land, equipment, furniture, and fixtures.
    Property Profile Location Intelligence

    Current Use by Public Records

    LISA JAMES, RE/MAX ... Real Estate Agent

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Dental Office Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Williamson
    State
    Illinois
    Longitude
    -88.9657339
    Latitude
    37.7454494

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, 7,136 sq ft, 1.21 acres
    Where is this restaurant located?
    The property is located at 2700 17Th St Marion, IL.
    What is the asking price?
    The asking price for this property is $2,495,000.
    What are key features of this property?
    This property features: $2,495,000 asking price for a 7,136 square foot restaurant property.; Located on 1.21 acres of commercially zoned land in Marion, IL.; Built in 2005, the property includes a 2,300 square foot kitchen, seating for 255, and a private room.
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    Marion, IL 62959
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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
    2700 17Th St Marion, IL 62959
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