301 N Grand Ave Springfield, IL 62702

Property Details for 301 N Grand Ave

Lot size

0.36 lot acres

Property type

Commercial real estate

APN

14-21.0-479-027

APU

14210479027

Description

This exceptional 4,000 square foot commercial property, situated on a 0.8-acre corner lot at 301 W North Grand Avenue in Springfield, Illinois, presents a unique investment opportunity. Currently operating as a restaurant and bar with an active gaming license, this versatile building offers significant potential for a variety of uses. The existing gaming and liquor licenses are transferable with the sale of the real estate and current business entity, providing a seamless transition for a new owner. The property boasts ample parking, and its prime corner location ensures high visibility and accessibility. The possibility of adding a drive-thru window further enhances its operational flexibility. Benefiting from excellent traffic counts on North Grand Avenue, the building is conveniently located near the Memorial medical district, ensuring a steady stream of potential customers. Most of the existing furniture, fixtures, and equipment are included in the sale, streamlining the transition process. Note that the dishwashing machine is leased separately. The roof was recently replaced in 2018, ensuring long-term structural integrity. Priced at $489,000, this property represents a compelling investment opportunity in a thriving Springfield location. Its diverse potential uses, prime location, and existing infrastructure make it an ideal choice for savvy investors seeking a turnkey operation or a blank canvas for their entrepreneurial vision.