1577 wabash, Springfield, IL 62704

1577 Wabash Ave. Springfield, IL - Commercial Real Estate

Online Auction Auction Details - Don't miss your opportunity to bid on this premier Springfield asset. Online Auction Date/Time: Wednesday, June 10th 2026, at 6:00 PM Inspection Date/Time: Monday, June 8th 2026 from 3:30 PM - 5:00 PM Location: 1577 Wabash Ave. Springfield, IL Prime Commercial Opportunity: Previously Barrel Head Restaurant and Bar Seize the chance to own a high-visibility, commercial property located at 1577 Wabash Ave, Springfield, IL. Known locally as "The Barrel Head," this strategically positioned venue offers an exceptional layout designed for high-volume hospitality and entertainment. Property Highlights Strategic Location: Situated on a high-traffic corner lot, ensuring maximum exposure and easy accessibility for your patrons. Versatile Floor Plan: Spanning over 5,000 sq. ft., the facility features a spacious bar area, dual dining sections, and a dedicated game room to maximize revenue streams. Professional Infrastructure: Includes a large, well-organized kitchen, a dedicated dish room, a walk-in cooler, and private office space. Turnkey Potential: The building is purpose-built for restaurant or tavern operations, featuring distinct entryways and well-appointed restroom facilities. Parcel #s 22-08.0-178-020, 22-08.0-156-039, & 22-08.0-178-021 Additional Photos and information coming soon. NOBODY IS EVER ALLOWED ON A PROPERTY UNLESS THEY ARE WITH A REALTOR, THE AUCTIONEER, OR ATTENDING A PUBLIC OPEN HOUSE. Terms: $15,000 Earnest Money with remaining balance due to closing. If financing is required, please have pre-approved, Sale of Property is not subject to financing No Buyer Contingencies 5% BUYER'S PREMIUM on the Real Estate Real Estate Is "Subject To Seller Approval"