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0 Beds
0 Baths
2,300 sqft

$125,000

111 E State Street, Irving IL, 62051

Price per sqft$54.35
Built in1900
Property size2,300 sqft
Property typeCommercial
Courtesy of MCR Realty Professionals, Inc, Brandi Lentz Listing Contact: 217-532-2525

Overview

Active

Listed Sep 11, 2026

Updated 4 weeks ago

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.

Additional information

MLS® ID
26057720

Interior Features

Bedrooms
0
Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.34 Acres

Other Property Details

Taxes
$2,216
Tax Frequency
Annually

Listings courtesy of MARIS MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Aimee Simpson shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 4:29 AM UTC on 9/12/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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