$1 Auction - REIT Sale | Former Smokey Bones BBQ |… — Sale in Springfield, IL
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Springfield, IL 62703
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Description
Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/3382/retail/springfield/il Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 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. Investment 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. • Signalized Corner Near I-55 and I-72 - S. Dirksen Parkway exposure reaches ±11,704 VPD with interstate access about one mile away. • 160 Parking Spaces on Expansive Parcel - Large paved field, monument signage, and ±270 feet of frontage support flexible operations. • Food-Service Buildout Ready for Reuse - Commercial kitchen, walk-in cooler/freezer, and dining areas can reduce startup needs for new users. • Hospitality Clus
Market Context
This retail in Springfield, IL is listed for sale. Compare it against other retail listings for sale in Springfield, IL — view the full market.
Contact
- Philip Kates · (954) 245-3408 · philip.kates@marcusmillichap.com
- Adam Sklaver · (954) 245-3422 · adam.sklaver@marcusmillichap.com
- Steven Weinstock · (630) 570-2250
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