This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Gray's Restaurant 955 E State St

2,632 SF Retail Building Bridgeport, IL 62417 £313,242 (£119/SF)

Investment Highlights

  • Buy A Local Piece of History and Be Your Boss!
  • Buy The Famous Recipes You Love!
  • Long Standing History.

Executive Summary

World's Famous "Gray's Restaurant"
Buy A Local Piece of History and Be Your Boss!
OFFERED FOR SALE AT $399,900
Package Includes Long Standing History & Excellent Reputation, High Traffic Location on Main County Highway (1.5+/- Total Acres), Equipment, "Gray's Branding / Name", Client List for Meat Sells, Client List for Past Catering Events, All Equipment owned by Restaurant (some Leased), All Inventory on Hand, Top Secret Recipes and even a Transitional Period from Current Owner that includes the Tried and True Top Secret Tips & Tricks that have made this Business what it is! 
 Buy The Famous Recipes You Love!
High Traffic Count Location with Direct Access to Major Local Highway with Full Frontage Access!
Dedicated Customer / Client Parking in Front & Side! Plus a large amount of Parking in the Rear! Easily 75+/- Parking Spots!
Total Ingress / Egress Points: Full Route 250 / East State Frontage plus Access Through Rear of Lots to City Street (Corporation)
Square Footage: 2,632 Square Feet Not including Walk-in Freezer.
Number of Floors: 1 Level 
Property Type: Commercial Restaurant
Property Sub-Type: Restaurant with Gaming & Liquor 
Sale Type: Owner
Brief Equipment List of Items included: Slicer, Hamburger Patty Press, Meat Grinder, Meat Saw, Ice Machine, 2 Walk-in Freezers, 3 Chest Freezers, 4' Vulcan Grill, 2 Vulcan Deep Fryers, Gas Range, Reach-in Refrigerator, Bottled Beer Refrigerator, 2 Mug Freezers, Draft Beer Refrigerator Box with Draft Heads, Chairs, Tables, Signage, Glasses, Place Settings, Flatware, All Cooking and Bakeware, Kitchen Utensils and 
Please Note: Current owner is not retaining the Gaming License and Liquor License / they are included in the sale, however, the purchaser will have to complete the application process to receive the license/machines.
Complete Business opportunities like this do not come available to the market very often! Call Today!
Call us today to schedule your showing!
Day, evening, or weekend appointments are available!
We work with your schedule for ultimate flexibility.
Please note: Showings During High-Demand Lunch and Dinner times will try to be avoided, however, not impossible.
Please Note: Once interested parties have viewed the property, obtained proof of funds / pre-approval letter, and signed Non-Disclosure Agreement, complete financials will be provided to the interested party by the current owner's Certified Public Accountant.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,632 SF
Building Class
C
Year Built/Renovated
1950/2021
Price
£313,242
Price Per SF
£119
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Lot Size
1.50 AC
Parking
30 Spaces (11.4 Spaces per 1,000 SF Leased)
Frontage
150 ft on East State Street

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 03-001-723-00
  • 03-001-720-00
  • 03-001-721-00
  • 03-001-722-00
Land Assessment
£11,927
Improvements Assessment
£22,403
Total Assessment
£34,330
  • Listing ID: 29155562

  • Date on Market: 01/08/2023

  • Last Updated:

  • Address: 955 E State St, Bridgeport, IL 62417

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}