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    London Mills, IL
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    London Mills, IL Restaurants for Sale

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    Maquon, IL Fairview, IL Farmington, IL Gilson, IL Abingdon, IL Avon, IL Galesburg, IL Knoxville, IL
    Turnkey Restaurant and Bar
    Updated: Oct 22, 2024
    Turnkey Restaurant and Bar

    103 3rd Street, London Mills, IL 61544

    $245,000
    2,880 sqft
    Fully operational turnkey conventional restaurant and bar business
    2,880‑square‑foot restaurant operation
    Nearly 40 total years of operating history
    Known as Spoonies and recognized for pork tenderloins
    Featured by Pursing Pork Tenderloin and Peoria Local Legends Magazine
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, 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 London Mills, 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.

    Remodeled Mixed-Use Building in Canton
    Remodeled Mixed-Use Building in Canton

    154 E Elm Street, Canton, IL 61520

    Contact for pricing
    3,360 sqft

    Recently remodeled mixed-use building with restaurant and apartment.

    View details
    Drive-Through Restaurant Opportunity
    Drive-Through Restaurant Opportunity

    104 S Western Avenue, Abingdon, IL 61410

    $89,900
    470 sqft

    Turnkey 2023 build with drive-through service, ADA restroom access, and installed equipment plus POS for immediate use.

    View details
    Drive-Through Restaurant Opportunity
    Drive-Through Restaurant Opportunity

    104 S WESTERN Avenue, Abingdon, IL 61410

    $89,900

    Turnkey 2023 build with drive-through service, ADA restroom, and POS system included for immediate use on a major corridor.

    View details
    Established Restaurant Business For Sale
    Established Restaurant Business For Sale

    1112 E CHESTNUT Street, Canton, IL 61520

    Contact for pricing

    Turnkey restaurant with equipment, fixtures, and furnishings included.

    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 Land Development Site
    Commercial Land Development Site

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

    $75,000
    0.80 AC lot

    Commercial-zoned land near Peoria with public water and natural gas available for development planning.

    View details
    Commercial Land Zoned B3
    Commercial Land Zoned B3

    353 ANN ELIZA Street, Pekin, IL 61554

    $165,000
    0.14 AC lot

    Vacant commercial lot zoned B3 with public sewer service, sized at 0.14 acres for flexible downtown development.

    View details
    Commercial Land Parcel
    Commercial Land Parcel

    W ALTA Road, Peoria, IL 61615

    $499,900
    1.29 AC lot

    1.29-acre commercial lot with natural gas available and public water for development in Peoria, IL.

    View details
    Commercial Land with Extensive Frontage
    Commercial Land with Extensive Frontage

    150 W COURTLAND Avenue, Morton, IL 61550

    $1,800,000
    3.55 AC lot

    Zoned B-3 commercial land with public sewer and level topography near I-74.

    View details

    London Mills, IL Restaurants Market Trends and Statistics

    Explore 1 restaurants for sale in London Mills, IL on our real estate platform. These investment opportunities span a total of 2,880 square feet of properties for sale, with an estimated market value of $245,000.

    Sale prices for restaurant properties in London Mills, IL average $245,000 — 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

    Bars & Pubs 2
    Conventional restaurants 2

    Demographics Overview

    Population 815
    Population Growth (5Y) +38.1%
    Median Household Income $79,333
    College Educated 26.1%

    Taxes & Financing

    Tax Rate (average for all types) 8.62%
    Property Tax per SF $32.09 per SF
    Tax Rate vs County Average 0.49 pp below county avg
    Average Loan-to-Value 65.0%

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