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    Loami, IL Franklin, IL Chatham, IL Springfield, IL Auburn, IL Virden, IL Pleasant Plains, IL Jacksonville, IL
    Two-Building Mixed-Use Commercial Property
    Updated: Jun 9
    Two-Building Mixed-Use Commercial Property

    223 N Pearl Street, Waverly, IL 62692

    $125,000
    0.15 AC lot
    7,000 sq ft commercial property on the Waverly town square with two connected two‑story buildings
    South building built in 1890 and north building built in 1901, totaling about 3,500 sq ft per level
    Commercial kitchen equipment included: built‑in grill, double freezers, vented exhaust fans, wine/bar fridge, and dishwasher
    Heating and cooling include forced‑air heat and central air, plus ceiling fans throughout
    Accessibility features include ramp entry with wide doorways
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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.

    Banquet Hall With Attached Residence
    Banquet Hall With Attached Residence

    2142 Old State Road, Jacksonville, IL 62650

    $345,000
    7,444 sqft

    Turn-key banquet hall in Jacksonville with main hall, bar area, commercial kitchen support, and an attached 2-bedroom residence.

    View details
    Restaurant with Outdoor Bar and Beer Garden
    Restaurant with Outdoor Bar and Beer Garden

    133 S 2ND Street, Girard, IL 62640

    $350,000
    0.28 AC lot

    Brick restaurant with central air and forced-air heating, offering bar and gaming plus an outdoor beer garden.

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    Drive-Thru Restaurant
    Drive-Thru Restaurant

    1110 W Morton Ave, Jacksonville, IL 62650

    Contact for pricing
    2,243 sqft

    Restaurant building with a drive-thru model and a new 10-year corporate lease with no early termination.

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    Profitable Restaurant & Bar on Route 66
    Profitable Restaurant & Bar on Route 66

    133 S 2ND Street, Girard, IL 62640

    Contact for pricing

    Established restaurant and bar with multiple revenue streams and gaming.

    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.

    Springfield Commercial Development Opportunity
    Springfield Commercial Development Opportunity

    4685 WABASH Avenue, Springfield, IL 62707

    $1,435,000
    40.78 AC lot

    40+ acre commercial land for sale in Springfield, IL.

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    Prime Commercial Lot in Springfield
    Prime Commercial Lot in Springfield

    4351 Conestoga Drive, Springfield, IL 62707

    $440,000
    2.46 AC lot

    2.46 acre commercial lot with B-1 zoning.

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    Commercial Land Parcel
    Commercial Land Parcel

    4351 Conestoga Drive, Springfield, IL 62707

    $440,000

    2.46-acre commercial lot with professionally marked corners and frontage visibility from Veterans Parkway.

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    Land Near Scheels Sports Park
    Land Near Scheels Sports Park

    Lincolnshire Boulevard lot: 17, Springfield, IL 62704

    $975,744
    1.40 AC lot

    Commercial land available near a major sports and retail development.

    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 $125,000 — 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 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 $125K

    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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