2660 S Dirksen Pky - Restaurant FOR SALE


Springfield, IL 62703
$175,000 USD
305-206-1286
2660 S Dirksen Pky, Springfield, IL for Sale
$175,000 USD
Restaurant - FOR SALE
1/9
null | Request Cap Rate

2660 S Dirksen Pky
Springfield, IL 62703


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Smokey Bones BBQ | Access to I-55/I-72 & 1,300 Hotel Rooms | AUCTION OCTOBER 19-21
  • Second-Generation Restaurant Opportunity - ±7,443 SF former Smokey Bones on huge ±2.27 acres offers built-in infrastructure for fast reuse.
  • 160 Parking Spaces on Expansive Parcel - Large paved field, monument signage, and ±270 feet of frontage support flexible operations.
  • Hospitality Cluster Drives Customer Demand - More than 1,300 nearby hotel rooms and convention activity support recurring visitor traffic.
  • Signalized Corner Near I-55 and I-72 - S. Dirksen Parkway exposure reaches ±11,704 VPD with interstate access about one mile away.
  • Food-Service Buildout Ready for Reuse - Commercial kitchen, walk-in cooler/freezer, and dining areas can reduce startup needs for new users.

OVERVIEW

Brokered by Marcus & Millichap, 2660 S. Dirksen Parkway in Springfield, Illinois is a vacant ±7,443 SF second-generation restaurant/retail building on ±2.2654 acres offered significantly below replacement cost, presenting an attractive opportunity for owner-users, investors, or developers to acquire a highly visible restaurant asset at an exceptional basis. Built in 1996 and formerly occupied by Smokey Bones, the Property features approximately 160 parking spaces, monument signage, ±270 feet of frontage along S. Dirksen Parkway, and existing commercial kitchen, dining, walk-in cooler/freezer, and restaurant infrastructure. The corridor carries ±11,704 VPD, with I-55 and I-72 approximately one mile away. CoStar reports retail market rents of approximately $15–$19 PSF NNN. B-1, Highway Business Service District zoning, provides flexibility for a variety of potential uses, subject to municipal approvals. Surrounded by 1,300+ hotel rooms and near the Springfield Convention Center, the Property offers strong potential for restaurant reuse, lease-up, owner occupancy, repositioning, or redevelopment.

FOR SALE DETAILS

PRICE

$175,000 USD

PRICE/SF

$24 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction - REIT Sale | Former Smokey Bones

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.29 AC

LAND SF

99,640 SF

ZONING

B-1

APN/PARCEL ID

22-12.0-127-055

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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Philip KatesMarcus & MillichapMore Info
305-206-1286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.