Restaurant/Bar Opportunity on Corner
For Sale
Contact for pricing
301 W North Grand Avenue, Springfield, IL 62702
Restaurant/bar with gaming on a corner lot for sale.
Property SizeContact for details
Days on Market673
Property Features for 301 W North Grand Avenue
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Garrison Group, Inc.
(217) 303-8445
Listed By:
Larry Sapp
Source:
Crexi
Added: Oct 17, 2024
Changed: Aug 20
Last Checked: Aug 20 at 12:57PM
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 Garrison Group, Inc.
Investment Insights
Based on property information with market context.
This property is suited for a variety of uses. Currently operating as a restaurant and bar with gaming, the gaming and liquor license may be transferable with the real estate and current entity. Situated on a corner lot, the property features ample parking and the potential for a drive-thru window. It benefits from good traffic counts on North Grand Avenue and proximity to the Memorial medical district. Most of the furniture, fixtures, and equipment can remain, with the exception of the leased dish-washing machine. The roof was replaced in 2018.
Key Highlights
- Gaming and liquor license potentially transferable with real estate.
- High‑traffic corner lot with ample parking and potential for a drive‑thru.
- Existing restaurant/bar setup with furniture, fixtures, and equipment included.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,980
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 62702, IL
33,712
Population
17,083
Households
2
Avg Household Size
41
Median Age
20%
College-Educated
90%
High-School Grad
15.4 sq mi
ZIP Area
2,189
Density / Sq Mi
$52,748
Median Household Income
$38,160
Median Earnings
$858
Median Rent
$102,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Illinois Tap Inc. — 715 N Grand Ave E, Springfield, IL 62702
- Grand Empire Slots and Gaming Lounge — 123 N Grand Ave E, Springfield, IL 62702
Frequently Asked Questions
What type of property is this?
Bar & Pub - Restaurant/bar with gaming on a corner lot for sale.
Where is this bar & pub located?
The property is located at 301 W North Grand Avenue Springfield, IL.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Gaming and liquor license potentially transferable with real estate.; High‑traffic corner lot with ample parking and potential for a drive‑thru.; Existing restaurant/bar setup with furniture, fixtures, and equipment included.
