For Sale
$400,000

18706 Springfield Rd Groveland, IL 61535

Established Restaurant, Turnkey Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional turnkey opportunity presents a well-established restaurant in Groveland, Illinois, listed at $400,000. The sale includes the building, land, existing business, and all equipment. The property boasts a prime location on Springfield Road in Tazewell County (zip code 61535), offering over 50 parking spaces for ample customer convenience. The restaurant itself is a spacious establishment, featuring 140 seats comfortably distributed across two dining rooms and a dedicated banquet area, ideal for catering larger events. The kitchen is equipped with brand new exhaust systems, ensuring efficient and safe operation. A walk-in cooler is currently in use, with a second available as an option, providing ample cold storage capacity. The exterior of the building has recently been updated, maintaining a modern and appealing aesthetic. The business has enjoyed a long and successful history, operating for 34 years under the same ownership, and benefits from a loyal and dedicated staff. All equipment is newer and upgraded, minimizing the need for immediate capital expenditures. This is a rare chance to acquire a thriving restaurant with a proven track record, substantial seating capacity, and significant parking, making it an attractive investment opportunity. The property is located at 18706 Springfield Road, Groveland, IL 61535.

Highlights

  • $400,000 asking price.
  • Groveland, IL restaurant land and building for sale.
  • Includes established business, equipment, and real estate.
  • Features updated kitchen, including new exhaust systems and walk-in coolers.
  • 140-seat capacity with two dining rooms and banquet area.
  • Over 50 parking spaces.

Property Details for 18706 Springfield Rd

Property type
Retail properties, Restaurants

Location Insight

City
Groveland
County
Tazewell
State
Illinois
Latitude
40.5939694
Longitude
-89.5329734

FAQs

What type of property is this?
Retail property - Established Restaurant, Turnkey Opportunity
Where is the retail property located?
The property is located at 18706 Springfield Rd Groveland, IL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: $400,000 asking price.; Groveland, IL restaurant land and building for sale.; Includes established business, equipment, and real estate.
How can I contact the broker?
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18706 Springfield Rd
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