Irving IL Real Estate & Commercial for Sale

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Beds:
n/a
Baths:
Sq.Ft.:
2,300
Status:
Active
MLS#:
26057720
Type:
Other
Lot size:
0.34 Acres
Year built:
1900
A broker reciprocity listing Courtesy: MCR Realty Professionals, Inc 217-532-2525
View additional info

ADDITIONAL INFORMATION

FANTASTIC TURNKEY BUSINESS OPPORTUNITY IN IRVING! Here is your chance to purchase an established restaurant and gaming business in a highly visible downtown location! The current owners are ready to retire but plan to continue operating until ownership transfers, offering the opportunity for a smooth transition to the new owner. Financials are available to qualified buyers and demonstrate impressive historical income and strong investment potential that could allow this investment to pay for itself within the first year! The sale includes 6 parcels totaling approximately .34 acres +/- and 3 storefronts offering approximately 2,300 square feet +/- of space. The building is currently configured with an apartment-style area on the south side featuring a bedroom and bathroom, a gaming area in the center, and the 51 seat restaurant on the north side, creating multiple uses and potential income streams all under one roof. The established restaurant and gaming operation offers an income-producing opportunity that is difficult to duplicate at this price point! Even more impressive, the business currently operates on a limited schedule, leaving additional potential for a new owner to expand hours and further grow the operation. Current hours are Tuesday through Sunday from 6:00 AM to 2:00 PM, with evening hours Wednesday, Thursday, and Sunday from 4:00 PM to 8:00 PM and Friday and Saturday from 4:00 PM to 9:00 PM. Continue the existing operation or bring your own vision and take advantage of the possibilities for future growth. Grassy areas on BOTH the north and south sides of the buildings provide additional space with exciting possibilities for outdoor dining, live music, special events, expanded entertainment, or other future uses. LOCATION, LOCATION, LOCATION! Situated along heavily traveled Illinois Route 16 in downtown Irving, the property is conveniently located next to the Irving Post Office and Irving Grocery Store and across from Bank & Trust, providing excellent visibility and easy access. Real estate, an established restaurant and gaming operation, apartment-style space, multiple storefronts, and room for future expansion are all included in this unique opportunity! The owners are ready for retirement, and now is your chance to step into an established turnkey operation and make it your own! The neighboring Irving Grocery & Meat Market property and business, MLS #26057739, is also available for purchase. The restaurant currently purchases meats and other supplies from the grocery business, creating a natural connection between the two established operations. Acquiring both offerings could provide an opportunity to operate a grocery store, butcher shop, restaurant, gaming operation, and additional upper-level space in the heart of downtown Irving. Business operations, financial information, measurements, permitted uses, licenses, and the transferability of gaming and other approvals are subject to buyer verification.

Beds:
n/a
Baths:
Sq.Ft.:
5,000
Status:
Active
MLS#:
26057739
Type:
Other
Lot size:
0.11 Acres
Year built:
1908
A broker reciprocity listing Courtesy: MCR Realty Professionals, Inc 217-532-2525
View additional info

ADDITIONAL INFORMATION

STEP BACK IN TIME WITH THIS ONE-OF-A-KIND IRVING LANDMARK! With roots as a grocery store dating back to 1908, this historic commercial property has been a fixture in the community for more than a century and offers an opportunity that is truly difficult to duplicate! The approximately 2,500 square foot main level is filled with original character, featuring impressive 12-foot ceilings, original tile ceilings, wood floors, and even the original operational checkout counter. From the moment you walk through the door, the charm and history of this longtime neighborhood store are unmistakable. Currently operating as a full-service grocery store, the property has also become a favorite local stop for a quick lunch, known for its roller-style hot dogs and sandwiches. A traditional butcher shop offering hand-cut meats has been another longtime staple of the business. The main level includes grocery fixtures and shelving, a butcher and meat preparation area, two walk-in coolers, a refrigerated meat display, and related store equipment. BEST OF ALL, THIS IS A TRUE TURNKEY BUSINESS OPPORTUNITY! The sale includes the business, fixtures, equipment, and remaining inventory, with the exception of one butcher block the owners plan to retain. Other than that, the keys are yours to continue the operation and carry on a tradition that has served the Irving community for generations! CURRENT STORE HOURS are Monday through Friday from 7:30 AM to 4:30 PM and Saturday from 7:30 AM to 1:00 PM, giving the next owner an established operating schedule with plenty of opportunity to expand hours if desired. And there is even more potential upstairs! The second story offers approximately 2,500 additional square feet that could be renovated and reimagined into apartments, a spacious studio, office space, or another use to complement the main level. The original exterior staircase was removed years ago, so access to the second floor would require construction of a new interior or exterior staircase as part of any future renovation. The current owners purchased the property in 1972 and, after more than five decades of ownership, are ready to retire and pass this special piece of Irving history on to its next owner. Offering approximately 47 feet of frontage along heavily traveled Illinois Route 16 in downtown Irving, the property enjoys excellent visibility and convenient access. Located next to Grandma's Kitchen and the Irving Post Office and across from Bank & Trust, this is a prime downtown location with tremendous possibilities. HERE'S WHERE THE OPPORTUNITY GETS EVEN BETTER! The neighboring Grandma's Kitchen property and business, MLS #26057720, is also being offered for sale. The restaurant currently purchases meats and other supplies from this grocery business, creating a natural relationship between the two established operations. Imagine the possibilities of purchasing both properties and businesses and having a grocery store, butcher shop, restaurant, gaming operation, and additional upper-level space all working together in the heart of downtown Irving! Purchase this property on its own and continue a tradition that has lasted for generations, or take advantage of the rare opportunity to acquire both neighboring properties and bring an entirely new vision to this downtown location. THE POTENTIAL IS ENDLESS. IF YOU CAN DREAM IT, YOU CAN MAKE IT HAPPEN!

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Andrea D. Conner, License 71221, Xome Inc., License 68390, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067

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Irving Real Estate

Irving is located in Illinois. Irving, Illinois has a population of 330. Irving is more family-centric than the surrounding county with 25.32% of the households containing married families with children. The county average for households married with children is 24.79%.

The median household income in Irving, Illinois is $29,063. The median household income for the surrounding county is $59,309 compared to the national median of $69,021. The median age of people living in Irving is 41.2 years.

Irving Weather

The average high temperature in July is 87.3 degrees, with an average low temperature in January of 19.7 degrees. The average rainfall is approximately 39.8 inches per year, with 15.4 inches of snow per year.

Irving Map

Irving Real Estate Market Conditions

  • Median sales price

    $125,000
    10%
    change since last quarter
  • # Active listings

    5
    30-day change

Irving Schools and Demographics

Education near Irving, IL

City County
High School Graduates 84.65 87.85
College Degree - 2 year 8.84 9.08
College Degree - 4 year 15.81 17.86
Graduate Degree 4.65 5.74
Expenditures per Student 15,957 15,957
Students per Teacher 13 13

Elementary Schools near Irving, IL

Grades Students P/T Ratio ZIP
Beckemeyer Elementary School PK - 05 662 18.5 62049
Coffeen Elementary School PK - 05 253 16.7 62017
North Elementary School PK - 05 329 15.7 62075
Raymond Grade School 02 - 05 147 12.3 62560

Middle Schools near Irving, IL

Grades Students P/T Ratio ZIP
Hillsboro Junior High School 06 - 08 429 18.8 62049
Lincolnwood Junior High School 06 - 08 117 15.4 62560

High Schools near Irving, IL

Grades Students P/T Ratio ZIP
Hillsboro High School 09 - 12 462 14.4 62049
Lincolnwood High School 09 - 12 136 10.9 62560
Nokomis Junior/Senior High School 06 - 12 325 14 62075

Ungraded Schools near Irving, IL

Grades Students P/T Ratio ZIP
Chrismont Safe School 06 - 12 30 62075

Demographics near Irving, IL

City County
Neighborhood Type Small Town
Population 330 28,482
Population Density 393 41
Median Age 41.2 42.8
People per Household 2.5 2.3
Median Household Income 29,063 59,309
Average Income per Capita 17,998 28,449

Real estate near Irving