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547 E Springfield Rd 1,814 SF 100% Leased Retail Building Arcola, IL 61910 $444,447 CAD ($245.01 CAD/SF)
Investment Highlights
- Turnkey former restaurant space with seating capacity for approximately 70 patrons.
- Located within Arcola’s active commercial district, providing strong visibility and accessibility.
- Close to popular attractions including Amish country, Rockome Gardens, and the Arcola Depot Museum.
- Ample on-site parking with more than 55 spaces available for customers and staff.
- Zoned C-Commercial, allowing for a variety of retail and street retail uses.
- Benefits from steady local traffic and annual events such as the Broom Corn Festival, enhancing customer draw.
Executive Summary
Discover a lucrative investment opportunity at 547 East Springfield Road, Arcola, IL. This 1,814 SF building, constructed in 1974, offers a turnkey restaurant space with a capacity for 70 patrons. Strategically located in the vibrant commercial district of Arcola, this property boasts a prime location and ample parking with 55+ spaces. Zoned C-Commercial, this property presents an exceptional opportunity for retail/street retail investors seeking to capitalize on the thriving market in the area.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
1,814 SF
Building Class
C
Year Built
1974
Price
$444,447 CAD
Price Per SF
$245.01 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.05
Lot Size
0.81 AC
Zoning
C - Commercial
Parking
55 Spaces
Property Taxes
| Parcel Numbers | Improvements Assessment | $157,868 CAD | |
| Land Assessment | $60,264 CAD | Total Assessment | $218,132 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$60,264 CAD
Improvements Assessment
$157,868 CAD
Total Assessment
$218,132 CAD
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547 E Springfield Rd
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