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    Commercial Kitchen Property with Restaurant Equipment
    Updated: Jul 22
    Commercial Kitchen Property with Restaurant Equipment

    223 N Pearl Street, Waverly, IL 62692

    $99,900
    0.15 AC lot
    Approximately 7,000 square feet across two connected, two‑story buildings
    Main level includes built‑in grill, ovens, double freezers, bar refrigeration, dishwasher, and vented exhaust systems
    Approximately 3,500‑square‑foot unfinished upper level
    South building dates to 1890; north building was constructed in 1901
    Approximately 0.15 acres at 223 N Pearl Street on the Waverly town square
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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 Waverly, 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.

    Standalone Restaurant with Dual Patios
    Standalone Restaurant with Dual Patios

    11055 W Roosevelt Road, Westchester, IL 60154

    $1,500,000
    3,500 sqft 0.25 AC lot

    Newer 2021-built restaurant on an 11,000 SF lot with roughly 25 parking spaces and two outdoor dining patios.

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    Restaurant Building with Bar
    Restaurant Building with Bar

    3941 PINTAIL Drive, Springfield, IL 62711

    $599,000
    0.51 AC lot

    B-1 restaurant property with parking, kitchen improvements, and dedicated garage or truck bays.

    View details
    Standalone Restaurant with Outdoor Patios
    Standalone Restaurant with Outdoor Patios

    11055 W Roosevelt Road, Westchester, IL 60154

    $1,500,000
    0.25 AC lot

    Newer construction restaurant on Roosevelt Road with two seasonal dining areas, central air, and on-site parking.

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    Restaurant-Ready Retail Building
    Restaurant-Ready Retail Building

    3434 Freedom Drive, Springfield, IL 62704

    $1,250,000
    1.32 AC lot

    Restaurant-ready space in a high-visibility shopping center anchored by Super Walmart and Target.

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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.

    I-1 Industrial Development Land
    I-1 Industrial Development Land

    4685 WABASH Avenue, Springfield, IL 62707

    $1,435,000
    40.78 AC lot

    Agricultural tract with industrial zoning, edge-of-site utilities, and planned access from the southern boundary.

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    Commercial Land with Parkway Frontage
    Commercial Land with Parkway Frontage

    4351 Conestoga Drive, Springfield, IL 62707

    $440,000
    2.46 AC lot

    B-1-zoned parcel with water available and nearby retail, restaurant, and hotel uses.

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    Commercial Land with Parkway Frontage
    Commercial Land with Parkway Frontage

    4351 Conestoga Drive, Springfield, IL 62707

    $440,000

    B-1-zoned commercial parcel with public water and electricity available.

    View details
    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.

    View details

    Waverly, IL Restaurants Market Trends and Statistics

    Explore 1 restaurants for sale in Waverly, IL on our real estate platform.

    Sale prices for restaurant properties in Waverly, IL average $99,900 — 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

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 1
    Commercial kitchens 1
    Conventional restaurants 1

    Demographics Overview

    Population 2,128
    Population Growth (5Y) +0.3%
    Median Household Income $66,619
    College Educated 30.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    62692 $99.9K

    Taxes & Financing

    Tax Rate (average for all types) 6.13%
    Property Tax per SF $76.29 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Morgan County

    New Delisted

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