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111 E State Street
Irving IL 62051 US

$125,000

Active Listing ID 26057720
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Lot: 0.34 Acres
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Other

$125,000

Active Listing ID 26057720
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111 E State Street 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.

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Property Features

  • Facts
  • Lot Size: 0.34 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Cooling System: Wall Unit(s)
  • Floor Covering: Combination, Carpet, Concrete
  • Heating Fuels: Forced Air, Baseboard

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 125000
  • unparsedaddress: 111 E State Street
  • postalcity: Irving
  • stateorprovince: IL
  • country: US
  • postalcode: 62051
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.337
  • lotsizeunits: Acres
  • lotsizearea: 0.337
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 39.20563477
  • longitude: -89.40513563
  • listagentfullname: Brandi Lentz
  • listagentemail: brandi@mcrealty.net
  • listagentkey: 3yd-MARISMO-LENTB
  • listagentmlsid: LENTB
  • listagentpreferredphone: (217) 532-2525
  • listofficekey: 3yd-MARISMO-E199
  • listofficemlsid: E199
  • disclaimer: Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MARISMO
  • yearbuilt: 1900
  • listagenturl: http://mcrealty.net
  • countyorparish: Montgomery
  • parcelnumber: 12-22-477-007
  • appliances: Stainless Steel Appliance(s), Gas Cooktop, Indoor Grill, Gas Oven, Range Hood, Refrigerator, Vented Exhaust Fan
  • cooling: Wall Unit(s)
  • constructionmaterials: Brick
  • flooring: Combination, Carpet, Concrete
  • heating: Forced Air, Baseboard
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: None
  • speciallistingconditions: Standard
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -89.405136, 39.205635
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Montgomery County Realty, Inc.", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"brandi@mcrealty.net", "ListBrokerageCity":"Hillsboro", "ListBrokerageCountry":"US", "ListBrokerageEmail":"brandi@mcrealty.net", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Montgomery County Realty, Inc.", "ListBrokeragePhone":"(217) 532-2525", "ListBrokeragePostalCode":"62049", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"551 S. Main St.", "ListBrokerageWebsiteUrl":"http://mcrealty.net", "ListOfficeAddress1":"551 SOUTH MAIN STREET", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"E199", "ListOfficeCity":"HILLSBORO", "ListOfficeCountry":"US", "ListOfficeEmail":"brandi@mcrealty.net", "ListOfficePostalCode":"62049", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale, Irving, IL", "ListingURL":"https://listings.listhub.net/pages/MARISMO/26057720/?channel=rexren", "MLSModificationTimestamp":"2026-09-11 20:01:39", "Neighborhoods":[{"Description":null, "Name":"Village/Irving"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":2216, "TaxDescription":"Includes 6 Parcels", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/12/2026 8:11:45 AM GMT
Source Updated Date: 9/23/2026 12:43:41 AM GMT

Courtesy of: Brandi Lentz, MCR Realty Professionals, Inc, brandi@mcrealty.net

Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.