For Auction
REIT Sale | Former Smokey Bones BBQ | Access to I-55/I-72 & 1,300 Hotel Rooms
Springfield, IL 62703Represented by
Marcus & Millichap
Asset Snapshot
Investment Highlights
Offering Summary
For Tours prior to auction, please email Kyle.Hynes@marcusmillichap.com & Philip.Kates@marcusmillichap.com
**Tours will not be allowed after auction.
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.
Due Diligence
Location
Springfield, Illinois is the state capital and a Central Illinois hub for government, healthcare, education, and tourism. The Property sits along S. Dirksen Parkway about one mile from I-55 and I-72, near hotels, restaurants, and major employers. The 5-mile trade area includes ±98,581 residents with average household income of ±$90,644, supporting broad consumer demand.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
