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    706 Plaza Dr Carterville, IL 62918

    Sponsored
    For Sale
    $499,000

    Prime Location, Turnkey Restaurant Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property at 706 E Plaza Drive, Carterville, IL 62918, presents a unique investment opportunity. Priced at $499,000, this offering encompasses a substantial land parcel improved with a ready-to-operate restaurant building. The building itself boasts two generously sized dining areas, perfect for accommodating a large clientele. A fully equipped kitchen, complete with all existing appliances and equipment, is included in the sale, eliminating the need for significant upfront investment in kitchen infrastructure. Ample storage space is available within the building, ensuring efficient operations. Beyond the main restaurant structure, the property includes a separate office building, providing additional space for administrative functions or potential expansion. A convenient carport, a substantial storage shed, and over 35 parking spaces cater to both staff and customers. Further enhancing the property's functionality is a drive-through window and a walk-in freezer and refrigerator, essential components for a successful food service establishment. This turnkey operation is situated in a desirable Carterville location, offering immediate potential for a new owner. The property's combination of features and prime location makes it an attractive prospect for experienced restaurateurs or ambitious entrepreneurs seeking a profitable venture.

    Property Features for 706 Plaza Dr

    General Information

    Property type
    Restaurants

    HighLights

    • $499,000 asking price for a turnkey restaurant in Carterville, IL.
    • Restaurant building with two large dining areas, fully equipped kitchen, ample storage, and a separate office building.
    • Over 35 parking spaces, carport, storage shed, drive‑through window, walk‑in cooler and freezer.
    • Located on a substantial lot at 706 E Plaza Drive, Carterville, IL 62918.
    Property Profile Location Intelligence

    Current Use by Public Records

    Asian Bistro Asian Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Carterville
    County
    Williamson
    State
    Illinois
    Longitude
    -89.0688844
    Latitude
    37.7457587

    Nearby Comparable

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      Commercial Land in Crainville, IL

      3.34 acres of commercial land with high visibility.
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    Nearby Similar for Sale

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      Carterville Commercial Space - Prime Location

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    • $470,000
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      Carterville Commercial Building For Sale

      Prime Location, Restaurant Ready, Ample Parking
      706 Plaza Dr, Carterville, IL 62918
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    • $490,000
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      High-Visibility Carterville Commercial Space

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      High-traffic location, excellent potential.
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    FAQs

    What type of property is this?
    Restaurant - Prime Location, Turnkey Restaurant Opportunity
    Where is this restaurant located?
    The property is located at 706 Plaza Dr Carterville, IL.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: $499,000 asking price for a turnkey restaurant in Carterville, IL.; Restaurant building with two large dining areas, fully equipped kitchen, ample storage, and a separate office building.; Over 35 parking spaces, carport, storage shed, drive-through window, walk-in cooler and freezer.
    Request Owner's contact information
    706 Plaza Dr Carterville, IL 62918
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    Carterville, IL 62918
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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
    706 Plaza Dr Carterville, IL 62918
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