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    Penfield, IL
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    Penfield, IL Restaurants for Sale

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    Gifford, IL Potomac, IL Rantoul, IL
    Turnkey Bar and Grill Opportunity
    $89,900
    0.39 Acres
    Turnkey Bar and Grill Opportunity

    105 Main Street, Penfield, IL 61862

    Fully equipped bar and grill for sale in Penfield.
    • New commercial septic system installed in 2024.
    • Fully equipped commercial kitchen with flat top oven and Ansul system.
    • All equipment included: POS system, TVs, beer cooler, tables, chairs.
    • Walk‑in cooler included for optimal storage.
    • Bulk CO system and grease trap installed in 2024.
    Updated: Apr 30, 2025
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Penfield, 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.

    Freestanding Commercial Building on Century Blvd
    $169,900
    1,775 SF
    Freestanding Commercial Building on Century Blvd

    Commercial building with drive-thru on busy Century Blvd in Rantoul.

    333 S Century Boulevard, Rantoul, IL 61866

    View details
    Rantoul, IL Commercial Development Land
    $485,000
    2.36 Acres
    Rantoul, IL Commercial Development Land

    Prime commercial land near I-57, ideal for various developments.

    950 Broadmeadow Road, Rantoul, IL 61866

    View details
    Restaurant with Banquet Room For Sale
    $545,000
    10,000 SF
    Restaurant with Banquet Room For Sale

    Restaurant with lower level banquet room and seasonal seating.

    3605 N Vermilion St, Danville, IL

    View details
    New Danville Restaurant with Drive-Thru
    $900,000
    0.60 Acres
    New Danville Restaurant with Drive-Thru

    Recently built restaurant with drive-up window and on-site parking.

    2828 N Vermilion St, Danville, IL 61832

    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 Near Sports Complex
    $563,000
    5.63 Acres
    Commercial Land Near Sports Complex

    5.63 acre commercial development opportunity off Interstate 57.

    2995 County Road 1400 E, Rantoul, IL 61866

    View details
    Rantoul Commercial Development Opportunity
    $4,000,000
    40.00 Acres
    Rantoul Commercial Development Opportunity

    40-acre commercial land near I-57 in Rantoul, Illinois.

    2990 County Road 1400 E, Rantoul, IL 61866

    View details
    Prime Commercial Land in Champaign
    $465,000
    1.89 Acres
    Prime Commercial Land in Champaign

    1.89-acre commercial land in high-visibility Champaign location.

    803 N Mattis Avenue, Champaign, IL 61821

    View details
    Savoy, IL Commercial Development Land
    $450,000
    1.97 Acres
    Savoy, IL Commercial Development Land

    1.97-acre commercial parcel in high-growth Savoy corridor.

    612 CLARENDON Court, Savoy, IL 61874

    View details

    Penfield, IL Restaurants Investment Opportunities Market Analysis

    Explore 1 restaurants for sale in Penfield, 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 $89,900.

    Sale prices for restaurant properties in Penfield, IL start at $89,900, averaging $89,900, and reaching up to $89,900 — 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

    Bars & Pubs 1
    Turn key restaurants 1

    Demographics Overview

    Population 602
    Population Growth (5Y) +13.0%
    Median Household Income $107,917
    College Educated 25.7%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    61862 $89.9K

    Taxes & Financing

    Tax Rate (average for all types) 7.18%
    Average Loan-to-Value 65.0%

    Listings Trend

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