Restaurants

Elkhart, IL Restaurants for Sale

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Broadwell, IL Williamsville, IL Greenview, IL Lincoln, IL Carbondale, IL Sherman, IL Dawson, IL Springfield, IL
Two-Building Cafe and Retail
Updated: Mar 12
Two-Building Cafe and Retail

100-102 Governor Oglesby St, Elkhart, IL 62634

$345,000
6,200 sqft
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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Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 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 and Bar with Event Space
Restaurant and Bar with Event Space

1230 5TH Street, Lincoln, IL 62656

$190,000
0.33 AC lot

Commercial-zoned property with indoor dining, a commercial kitchen, and outdoor gathering areas.

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Freestanding Restaurant Building
Freestanding Restaurant Building

2660 S Dirksen Pkwy, Springfield, IL 62703

Contact for pricing
7,443 sqft 2.27 AC lot

Freestanding restaurant property with substantial parking and frontage on a signalized hard-corner location.

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Freestanding Restaurant with Highway Frontage
Freestanding Restaurant with Highway Frontage

2696 S DIRKSEN PKWY, Springfield, IL 62702

Contact for pricing
7,468 sqft 1.75 AC lot

B-1-zoned property offers substantial parking, prominent signage, and access to a signalized intersection.

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Restaurant and Bar with Event Space
Restaurant and Bar with Event Space

1230 5th Street, Lincoln, IL 62656

$190,000

Commercial restaurant property with two bars, a substantial kitchen, event areas, and an outdoor beer garden.

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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.

Corner Commercial Land Parcel
Corner Commercial Land Parcel

700 W JEFFERSON Street, Springfield, IL 62702

$175,000
0.59 AC lot

B1-zoned corner parcel with street access, utility availability, and established commercial redevelopment potential.

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Restaurant and Adjacent Lot
Restaurant and Adjacent Lot

951 Durkin Drive, Springfield, IL 62704

$425,000

Established restaurant property with dining, bar, lounge, stage, and additional land for future use.

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Commercial Land Development Parcel
Commercial Land Development Parcel

Lincolnshire Boulevard lot: 11, Springfield, IL 62704

$3,401,164
4.88 AC lot

Development parcel positioned within the Legacy Pointe commercial project, near sports, hospitality, dining, and retail components.

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Commercial Land Development Lot
Commercial Land Development Lot

Lincolnshire Boulevard lot: 17, Springfield, IL 62704

$975,744
1.40 AC lot

Commercial parcel within a development featuring sports facilities, hotels, restaurants, and a retail center.

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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

Estimated value: by Request
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Elkhart, IL Restaurants Market Trends and Statistics

Explore 2 restaurants for sale in Elkhart, IL on our real estate platform. These investment opportunities span a total of 6,200 square feet of properties for sale, with an estimated market value of $345,000.

Sale prices for restaurant properties in Elkhart, IL average $345,000 — 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

Conventional restaurants 1

Demographics Overview

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

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
62634 $345K

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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