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3050 Adlai Stevenson Dr Springfield, IL 62703

  • Retail properties
  • 6,241 SF
Value Estimations
Cap Rate Potential
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Current Use by Public Records

  • Retail properties

Property Details for 3050 Adlai Stevenson Dr

Year built
1992
Property size
6,241 SF
Property type
Retail properties
Property subtype
Restaurants

Description

This 6,241 square foot, single-tenant restaurant building is available for lease. Located at 3050 Adlai Stevenson Dr, Springfield, IL 62703, this former Bob Evans restaurant boasts a prime location near the signalized intersection of S. Dirksen Pkwy and Stevenson Dr, with excellent visibility from Interstate 55/72. Built in 1992 and renovated in 2015, the property features a large kitchen with extensive commercial equipment including a 23.5' heat capture hood ventilation system, a 12' grease hood ventilation system, a walk-in cooler, and a walk-in freezer. The dining area, also remodeled in 2015, includes two ADA-compliant restrooms. Additional kitchen features include a three-compartment sink, vegetable prep sink, two handwashing sinks, a dishwashing tank, and a 100-gallon water heater. The 1.27-acre lot provides ample parking with 81 spaces. The property is zoned B-1, Highway Business District, and has a tax cost per square foot of $5.65. Its proximity to Interstate 55/72, Lake Springfield, and numerous amenities, including hotels, restaurants, and major employers like the Illinois Department of Transportation and the Illinois Secretary of State, makes this an exceptional opportunity. The high traffic counts on Stevenson Dr (16,600 AADT) and S. Dirksen Pkwy (12,000 AADT), along with the visibility from Interstate 55/72 (52,300 AADT), ensure high visibility and potential customer traffic. The area is experiencing growth with new developments underway, including a QuikTrip and a Home2 Suites by Hilton hotel. This location offers a strong foundation for a thriving restaurant business.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use


Location Insight

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  • Local Demand
City
Springfield
County
Sangamon
State
Illinois
Longitude
-89.6096
Latitude
39.7582
More about this property
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