Turnkey Second-Gen Restaurant Building Near the Interstate & Lake Springfield For Lease

LeaseRestaurant 6,241 SF
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3050 Adlai Stevenson Dr
Springfield, IL 62703
Lease Price: $14.00 / SF
Lease Type: Absolute NNN
Available Space: 6,241 SF
Lot Size (acre): 1.08 AC
Parking: 69 Spaces
Zoning: B-1, Highway Business District
Year Built: 1992

Property Description

Coldwell Banker Commercial Devonshire Realty (CBCDR) is proud to exclusively offer this freestanding Turnkey Second-Generation Restaurant Building Near the Interstate & Lake Springfield For Lease.

The property is a former Bob Evans restaurant featuring the classic country-living theme.  The layout consists of a large kitchen, customer seating in a large dining area (remodeled in 2015), and two ADA-compliant restrooms (remodeled in 2015).  The kitchen contains a 23.5’ heat capture hood ventilation system, a 12’ grease hood ventilation system, 1-21.5’ x 12.5’ walk-in cooler, and 1-15’ x 6.25’ walk-in freezer.  Also, there is a 3-compartment sink, a vegetable prep sink, 2 handwashing sinks, a dishwashing tank, a 100-gal water heater, and various other fixtures and equipment that remain with the building.

Location Description

The site is located at the signalized intersection of S. Dirksen Pkwy (a main retail artery – 12,000 AADT) and Stevenson Dr (16,600 AADT) on the southeast side of Springfield.  It has 175’ of frontage on Stevenson Dr and visibility from Interstate 55/72 (52,300 AADT), creating a constant buzz.  It is minutes away from multiple interchanges on Interstate 55 and 72, and Lake Springfield, a 4,200-acre reservoir and major Central Illinois recreation center offering boating, fishing, and water sports.  The lake encompasses 735 residential sites, 8 public parks, and attracts a substantial annual footfall of 600,000 recreational enthusiasts.  Nearby businesses include several luxury hotel chains to accommodate business travelers and visitors (IHG, Marriott, and Wyndham), and popular dining establishments that bolster the local dining scene (Red Lobster, Smokey Bones, Hooters, Applebee’s, IHOP, McDonald’s, and Starbucks).  The Illinois Dept of Transportation (IDOT) and Illinois Secretary of State (SOS) are the major employers in the area, naturally attracting a steady customer base and fostering strong demand for services in the area.  Also, the site enjoys proximity to a wealth of shopping, entertainment, and various amenities, enhancing its overall allure to businesses and investors alike.  The area anticipates multiple upcoming developments, including a QuikTrip convenience store next to the site (broke ground), a 3-story Home2 Suites by Hilton hotel, a cannabis dispensary, and a Five Below (all expected in 2024) to elevate the overall appeal even further.

Area Description

Springfield is the Capital of Illinois.  It is located in central Illinois and is accessed by Interstate 55 and Interstate 72.  It is approximately 202 miles southwest of Chicago and 92 miles northeast of St. Louis.  The historic US Route 66 crosses Illinois from Chicago to East St. Louis, which includes Springfield.