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INVESTMENT HIGHLIGHTS
- Former Bob Evans site with strong restaurant infrastructure
- Surrounded by national retailers, hotels, and dining anchors
- Positioned along Glenstone Avenue with 64,706 daily vehicles
- Freestanding building with ample on-site parking
EXECUTIVE SUMMARY
Located along one of Springfield’s most dynamic commercial corridors, the freestanding restaurant property at 2651 N Glenstone Avenue offers a prime opportunity for owner-users or investors seeking visibility, access, and proximity to major retail anchors. Formerly home to Bob Evans, this 5,117 SF building sits on approximately 1.51 acres and benefits from exceptional frontage and signage potential along Glenstone Avenue, where traffic counts exceed 64,000 vehicles per day.
The site is surrounded by national brands including Walmart, Applebee’s, Culver’s, Whataburger, and Drury Inn & Suites, creating a high-volume destination for both locals and travelers. With three major traffic arteries nearby—Glenstone Avenue, Interstate 44, and U.S. Bicycle Route 66—the property is ideally positioned for restaurant, retail, or redevelopment use. Ample parking and easy ingress/egress further enhance its appeal.
Demographics within a 5-mile radius include over 114,000 residents and nearly 50,000 households, with average household incomes exceeding $60,000. The property’s location within Springfield’s northeast retail district ensures strong daytime traffic and consistent consumer demand. Whether repositioned for a new concept or retained as a restaurant, this asset offers a compelling blend of location, scale, and market fundamentals.
The site is surrounded by national brands including Walmart, Applebee’s, Culver’s, Whataburger, and Drury Inn & Suites, creating a high-volume destination for both locals and travelers. With three major traffic arteries nearby—Glenstone Avenue, Interstate 44, and U.S. Bicycle Route 66—the property is ideally positioned for restaurant, retail, or redevelopment use. Ample parking and easy ingress/egress further enhance its appeal.
Demographics within a 5-mile radius include over 114,000 residents and nearly 50,000 households, with average household incomes exceeding $60,000. The property’s location within Springfield’s northeast retail district ensures strong daytime traffic and consistent consumer demand. Whether repositioned for a new concept or retained as a restaurant, this asset offers a compelling blend of location, scale, and market fundamentals.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,517 SF
Building Class
C
Year Built
1990
Price
$1,939,328 CAD
Price Per SF
$351.52 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.52 AC
Opportunity Zone
Yes
Zoning
INC.
Parking
88 Spaces (15.95 Spaces per 1,000 SF Leased)
Frontage
124’ on Glenstone Ave
AMENITIES
- 24 Hour Access
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12-06-401-100 | Improvements Assessment | $194,831 CAD |
| Land Assessment | $303,831 CAD | Total Assessment | $498,662 CAD |
PROPERTY TAXES
Parcel Number
12-06-401-100
Land Assessment
$303,831 CAD
Improvements Assessment
$194,831 CAD
Total Assessment
$498,662 CAD
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2651 N Glenstone Ave
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