Restaurants

Elkhart, IL Restaurants for Sale

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Two-Building Cafe and Retail
Updated: Mar 30
Two-Building Cafe and Retail

100-102 Governor Oglesby Street, Elkhart, IL 62634

$375,000
Two connected buildings (built 1890) include a 68‑seat cafe, retail space, and a walk‑up loft apartment
102 building features a recent EPDM rubber roof replacement and houses cafe seating, kitchen, and part of the retail
100 building has an older Conklin roof coating and includes additional retail plus an owner‑occupied walk‑up loft apartment
Cafe is currently open for lunch Thursday–Sunday
Owners plan to retire and leave inventory, fixtures, and furniture with the property
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Historic Bank Building Cafe
Updated: Apr 12
Historic Bank Building Cafe

104 Governor Oglesby Street, Elkhart, IL 62634

Contact for pricing
Cafe and retail in a historic bank building on Historic Elkhart Hill
Business operating since 2004 with a thriving customer base and visitors from across the U.S. and international travelers
Direct/easy access right off Interstate 55
Includes a private upper residential loft with 2 bed and bath areas, kitchen, living room, and floor‑to‑ceiling windows with a view
Potential for 3 separate business applications: cafe, 2 retail spaces, and 1–2 AirBnB spaces
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Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Elkhart, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Restaurant Building with Drive-Through Potential
Restaurant Building with Drive-Through Potential

994 Ann Rutledge Drive, Williamsville, IL 62693

$850,000
2,134 sqft

Restaurant building with drive-through, high traffic, and strong visibility.

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Restaurant Building with Drive-Through Potential
Restaurant Building with Drive-Through Potential

994 Ann Rutledge Drive, Williamsville, IL 62693

$850,000
1.50 AC lot

Existing restaurant with drive-through potential in Williamsville, Illinois.

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Restaurant and Bar with Beer Garden
Restaurant and Bar with Beer Garden

1230 5TH Street, Lincoln, IL 62656

$199,900
0.33 AC lot

Fully equipped restaurant and bar offering an on-site beer garden and event-ready spaces for dining and gatherings.

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Turn-Key Bar in Lincoln, IL
Turn-Key Bar in Lincoln, IL

401 Limit Street, Lincoln, IL 62656

$250,000

Thriving bar with party room and outdoor area for sale.

View details

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Corner Development Site
Commercial Corner Development Site

700 W JEFFERSON Street, Springfield, IL 62702

$175,000
0.59 AC lot

Corner lot on West Jefferson and Walnut Streets with utilities onsite and two access points.

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Restaurant and Bar Property
Restaurant and Bar Property

951 Durkin Drive, Springfield, IL 62704

$475,000

Restaurant property with formal dining, bar and lounge seating, plus an adjacent lot and parking.

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Legacy Pointe Commercial Development Opportunity
Legacy Pointe Commercial Development Opportunity

Lincolnshire Boulevard lot: 11, Springfield, IL 62704

$3,401,164
4.88 AC lot

Commercial lots available in a large sports and entertainment development.

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Land Near Scheels Sports Park
Land Near Scheels Sports Park

Lincolnshire Boulevard lot: 17, Springfield, IL 62704

$975,744
1.40 AC lot

Commercial land available near a major sports and retail development.

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Off-Market Properties in Elkhart, IL

Consider similar Off-Market properties in Elkhart, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

104 Governor Oglesby St
Restaurants

104 Governor Oglesby St, Elkhart, IL 62634

Value Estimation by Request
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Elkhart, IL Restaurants Market Trends and Statistics

Explore 3 restaurants for sale in Elkhart, IL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $375,000.

Sale prices for restaurant properties in Elkhart, IL start at $0.00, averaging $187,500, and reaching up to $375,000 — 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

Coffee shops 1
Conventional restaurants 1

Demographics Overview

Population 1,141
Population Growth (5Y) +47.2%
Median Household Income $79,722
College Educated 44.8%

Taxes & Financing

Tax Rate (average for all types) 3.60%
Tax Rate vs County Average 4.30 pp below county avg
Average Loan-to-Value 65.0%

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