7 Corvette Dr, Litchfield, IL 62056

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to lease or purchase the fee simple interest (land and building) in a single-tenant, freestanding former restaurant property located in Litchfield, IL. The property consists of 4,022 SF of GLA on 1.72 acres and is zoned General Commercial: C-2, providing a wide range of retail and mixed-use possibilities. The site presents an excellent lease-up or redevelopment opportunity in a highly desirable retail corridor with direct access to major residential communities, strong national and credit tenants, schools, and key commuter routes.

The former restaurant is located near State Highway 16, which is a major retail thoroughfare serving the city of Litchfield and has a traffic count of approximately 8,200 vehicles per day (VPD). The site is situated near Interstate 55 (28,900 VPD), a major north/south traveling highway that provides consumers to the trade area. Additionally, the property is less than a mile southwest of a Walmart Supercenter, which draws strong consumer traffic into the trade area. Furthermore, the site is located nearby HSHS St. Francis Hospital (25-beds), a regional healthcare hub that generates consistent daily traffic from patients, staff, and visitors, and provides a strong demand driver for the restaurant. Moreover, the subject property is less than a mile west of Litchfield Plaza, a 139,000 square foot shopping center, which is anchored by ALDI, Hibbett Sports, and more. Other nearby national/credit tenants include ALDI, Bealls, Advance Auto Parts, O’Reilly Auto Parts, CVS Pharmacy, Walgreens, Ace Hardware, Subway, and more, significantly enhancing regional consumer draw. The 5-mile trade area is supported by a population of over 7,700 residents with an average household income of $78,479.