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    Knoxville, IL
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    Knoxville, IL Restaurants for Sale

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    Carbondale, IL East Galesburg, IL Galesburg, IL
    Established Restaurant with Entertainment Venue
    Updated: Sep 28, 2024
    Established Restaurant with Entertainment Venue

    221 E MAIN Street, Knoxville, IL 61448

    $480,000
    11,031 sqft
    Established restaurant with a strong reputation.
    Region’s largest covered outdoor Sound Garden, accommodating over 500 guests, ideal for live music and events.
    Substantial 11,000+ square feet of building space offering expansion or subdivision possibilities.
    Includes both indoor and outdoor venues.
    Turnkey business opportunity with immediate income potential.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Knoxville, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Hardee’s NNN Fast-Food Restaurant
    Hardee’s NNN Fast-Food Restaurant

    220 Green Street, Bushnell, IL 61422

    $1,157,000
    3,371 sqft

    20-year net lease starting Aug 2022 with renewal options and step rent increases on a Hardee’s fast-food site.

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    Freestanding Corner Retail-Office Building
    Freestanding Corner Retail-Office Building

    494 E HURST Street, Bushnell, IL 61422

    $149,900

    A freestanding corner building with high traffic and on-site storage, currently operating as month-to-month office space.

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    Galesburg Restaurant Opportunity
    Galesburg Restaurant Opportunity

    1160 W MAIN Street, Galesburg, IL 61401

    $65,000

    Turnkey restaurant ready for new owner in Galesburg, IL.

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    Galesburg Commercial Real Estate For Sale
    Galesburg Commercial Real Estate For Sale

    1066 N Henderson St, Galesburg, IL 61401

    $1,200,000
    3,682 sqft · 1.00 AC lot

    Commercial real estate with drive-thru, leased to Steak n Shake.

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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.

    Commercial Land Parcel For Sale
    Commercial Land Parcel For Sale

    14 N Seminary Square, Galesburg, IL 61401

    $1,000,000
    3.99 AC lot

    3.99 acre commercial land with development potential.

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    Commercial Land on N. Main
    Commercial Land on N. Main

    339-369 N Main Street Unit Ash Unit Ash, Canton, IL 61520

    $375,000
    720 sqft · 0.70 AC lot

    0.7 acre commercial development site on high-traffic corner lot.

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    Commercial Lot in Peoria, IL
    Commercial Lot in Peoria, IL

    W ALTA Road, Peoria, IL 61615

    $499,900
    1.29 AC lot

    1.29 acre commercial lot available for sale in Peoria.

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    Commercial Land For Sale
    Commercial Land For Sale

    1003-07-13 NORTH Street, Peoria, IL 61604

    $75,000
    0.80 AC lot

    Commercial land available in Peoria, Illinois.

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    Knoxville, IL Restaurants Market Trends and Statistics

    Explore 1 restaurants for sale in Knoxville, IL on our real estate platform. These investment opportunities span a total of 11,031 square feet of properties for sale, with an estimated market value of $480,000.

    Sale prices for restaurant properties in Knoxville, IL start at $480,000, averaging $480,000, and reaching up to $480,000 — 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 3,906
    Population Growth (5Y) +1.8%
    Median Household Income $79,500
    College Educated 28.9%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    61448 $480K

    Taxes & Financing

    Tax Rate (average for all types) 7.76%
    Property Tax per SF $3.17 per SF
    Average Loan-to-Value 65.0%

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