7 Corvette Dr

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7 Corvette Dr

Litchfield, IL 62056
Asking Price
$1.20M
Asset Type
Restaurant Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail restaurant space measuring 4,022 square feet total
  • Current asking price for this asset is $1,200,000
  • Strategically positioned within the Litchfield commercial corridor
  • Adaptable property layout suitable for various dining concepts
  • Located near primary regional transportation infrastructure and routes

What's Special

Establish a new dining destination at 7 Corvette Dr in Litchfield, Illinois, a property well-suited for restaurant operations. This 4,022-square-foot retail asset provides a functional footprint for diverse food service concepts, from fast-casual dining to full-service establishments. Litchfield serves as an accessible point along the Interstate 55 corridor, benefiting from its strategic placement between major regional hubs. The local economy relies on a mix of local commerce and travelers moving through the area, supporting consistent demand for hospitality services. Investors and business owners will find this location offers practical visibility for a commercial venture seeking to capitalize on a established roadway presence in a growing suburban market. This facility presents a straightforward path for operators ready to enter the local market, providing an adaptable space for a restaurant or general retail use case within a community-focused environment.

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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.43%
Monthly Payment
$5,936.945
Annual Cash Flow
$8,756.657

Location & Travel Times