18706 Springfield Rd Groveland, IL 61535-9506
- Turn key restaurants
- 2,610 SF
- 0.56 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 18706 Springfield Rd
- Year built
- 1937
- Lot size
- 0.56 lot acres
- Property size
- 2,610 SF
- Property type
- Turn key restaurants
- APN
- 05-05-27-201-007
- APU
- 50527201007
Description
This exceptional turnkey business opportunity in Groveland, IL, presents a well-established restaurant spanning 2,610 square feet on a 0.56-acre lot at 18706 Springfield Road. The property boasts a rich history, having operated successfully under the same ownership for 34 years. Included in the sale price of $400,000 are the building, land, existing business, and all equipment. The equipment is modern and recently upgraded, featuring brand-new exhaust systems in the kitchen. The restaurant includes a walk-in cooler currently in use, plus a second walk-in cooler available as an option. The exterior has been recently updated, enhancing curb appeal. The spacious interior comfortably seats 140 guests, divided between two dining rooms and a dedicated banquet area, perfect for larger events. Ample parking is provided with over 50 spaces, ensuring convenient access for patrons. The property's prominent location on Springfield Road ensures high visibility and accessibility. A loyal and dedicated staff contributes to the smooth and efficient operation of this thriving business. This is a rare opportunity to acquire a profitable, established business with significant potential for continued growth. The combination of a strong business history, updated facilities, and prime location makes this an attractive investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Groveland
- County
- Tazewell
- State
- Illinois
- Longitude
- -89.5329
- Latitude
- 40.5942
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA
