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517 S 4TH Street

Springfield, IL 62701
  • $1,750,000
  • STATUS: Active
  • ON SITE: 75 Days
  • ID#: CA1020987
$1,750,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1963
County:
Area:

School Ratings & Info

Description

Exceptional opportunity to own an upscale restaurant in downtown Springfield, IL. Loukinen's offers menu options that are designed to delight your eyes and stimulate your palate. 5 1/2 years ago the building underwent a complete and thorough renovation, sprinkler system, plumbing, roof, electrical, hvac as well as exterior including parking lot. The main level dining room and bar offers seating for 96, the lower level banquet room offers seating for 100 and the two are able to operate simultaneously. Everything is owned by Loukinen's except for the dishwasher. As you will see in the photo's, this building is set up perfect as a fine dining establishment. There are 3 walk in coolers and a generac generator. Main level is 4,230 sq ft, the lower level banquet area is 1,661 sq ft. One of the owners is a licensed real estate broker in the State of Illinois

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© 2023 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kathy Garst Sales Team | The Real Estate Group. Data last updated: 2023-05-29T23:45:12.373.
www.kathygarst.com/homes/137736290
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517 S 4TH Street Springfield, IL 62701

  • Price: $1,750,000
  • Status: Active
  • On Site: 75 Days
  • ID#: CA1020987
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1963
Built
Neighborhood:
Springfield
County:
Sangamon
Area:
Springfield
Property Description
Exceptional opportunity to own an upscale restaurant in downtown Springfield, IL. Loukinen's offers menu options that are designed to delight your eyes and stimulate your palate. 5 1/2 years ago the building underwent a complete and thorough renovation, sprinkler system, plumbing, roof, electrical, hvac as well as exterior including parking lot. The main level dining room and bar offers seating for 96, the lower level banquet room offers seating for 100 and the two are able to operate simultaneously. Everything is owned by Loukinen's except for the dishwasher. As you will see in the photo's, this building is set up perfect as a fine dining establishment. There are 3 walk in coolers and a generac generator. Main level is 4,230 sq ft, the lower level banquet area is 1,661 sq ft. One of the owners is a licensed real estate broker in the State of Illinois
Exterior Features

Construction Materials BrickGlassBlock Parking Total 16 Roof Flat

Interior Features

Building Area Total 8389 Cooling Central Air Flooring CarpetTile/Vinyl Heating Forced AirGas

Property Features

Agent Owned No Financing Cash OnlyConventional Frontage Type City Street Levels OneFree StandingSingle Tenant Lot Size Dimensions 87.65X184.90 Net Operating Income -11255 Possible Use Restaurant Sewer Public Sewer Tax Annual Amount 11255 Tax Incentive1 None Tax Year 2021 Type Commercial Zoning H-2

Listing provided courtesy of Jay Clark of The Real Estate Group, Inc.: Offc: 217-787-7000.
© 2023 RMLS Alliance, LLC. All Rights Reserved.


© 2023 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kathy Garst Sales Team | The Real Estate Group. Data last updated: 2023-05-29T23:45:12.373.
 
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Kathy Garst Sales Team | The Real Estate Group
3701 W. Wabash Ave
Springfield IL, 62711