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    Grandview, IL Southern View, IL Sherman, IL Rochester, IL Chatham, IL Cantrall, IL Riverton, IL Decatur, IL
    Remodeled Bar Entertainment Property
    Updated: Feb 11, 2025
    Remodeled Bar Entertainment Property

    1220 Old Toronto Road, Springfield, IL 62712

    $850,000
    1.26 AC lot
    Operating bar business with building, land, and parking areas included
    1.26‑acre commercial property at 1220 Old Toronto Road
    Recently remodeled interior and basement areas
    Beer garden with performance stage and multi‑level viewing deck
    Gaming, bar food, beverages, and no‑cover‑charge entertainment
    View details
    See hot listings in Springfield

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Springfield, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Renovated Nightclub with Outdoor Garden
    Renovated Nightclub with Outdoor Garden

    744-750 S. 4th St, Saint, Louis, MO 63102

    Contact for pricing
    7,000 sqft

    Entertainment venue with a garden setting, active liquor license, and nearby parking in downtown St. Louis.

    View details
    Mixed-Use Property with Event Space
    Mixed-Use Property with Event Space

    1915 S Calhoun Street, Fort Wayne, IN 46802

    Contact for pricing
    0.98 AC lot

    Three adjoining commercial parcels include renovated gathering areas, a commercial kitchen, patio space, and additional open areas for redevelopment.

    View details
    Remodeled Bar & Karaoke Venue
    Remodeled Bar & Karaoke Venue

    214 W Main St, Urbana, IL

    Contact for pricing
    8,800 sqft 0.11 AC lot

    Turnkey bar and karaoke venue with leaseback opportunity.

    View details
    Adult Club in Fort Wayne
    Adult Club in Fort Wayne

    1002 N Coliseum Blvd, Fort Wayne, IN 46805

    Contact for pricing
    9,500 sqft

    Thriving adult entertainment business and real estate in prime location.

    View details

    Springfield, IL Night Clubs Market Trends and Statistics

    Explore 1 night clubs for sale in Springfield, IL on our real estate platform.

    Sale prices for night clubs in Springfield, IL average $850,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Fitness centers & gyms 3
    Night clubs 1

    Demographics Overview

    Population 138K
    Population Growth (5Y) +1.9%
    Median Household Income $70,314
    College Educated 9.5%

    High-Yield Neighborhoods for Investment

    Identify Springfield submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    62712 $850K

    Taxes & Financing

    Tax Rate (average for all types) 8.64%
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Sangamon County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Springfield fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Springfield, IL

    • 62712

    Featured Springfield Real Estate Agencies

    Realmo connects you with licensed Springfield CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Keller Williams Capital
    3171 Robbins Road Springfield, IL 62704
    Phone: 12175534368
    www.kwspi.com

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