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Investment Highlights

  • Hospitality park outlot with prime interstate visibility
  • Overflow parking lot ideal for high-volume traffic
  • Positioned near key state government offices and employers
  • Former Hooters location with 20+ years of successful operation
  • Surrounded by major hotels and national dining chains

Property Facts

Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Restaurant
Building Class
C
Year Built/Renovated
2001/2016
Tenancy
Single
Building Height
1 Story
Lot Size
1.48 AC
Parcel Numbers
22-12.0-127-059
Zoning
B-1 - B-1, Highway Business Service District
Parking
95 Spaces (22.29 Spaces per 1,000 SF Leased)
Frontage
122’ on Horizon Dr

Amenities

  • Controlled Access
  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Security System
  • Signage
  • Wheelchair Accessible
  • Storage Space
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 4,262 SF
  • Restaurant
  • Outparcel
  • Now

Welcome to an incredible opportunity brought to you by Coldwell Banker Commercial Devonshire Realty! Imagine your business thriving in a prime location with unbeatable visibility! Nestled in a beautiful hospitality park-like setting, this outlot offers easy access from S. Dirksen Parkway and stunning sightlines from both Dirksen Pkwy and the heavily traveled Interstate 55/72, where over 52,000 vehicles pass daily! And here is an added bonus – an extra lot for overflow parking! It is perfect for the Interstate traffic the property generates – passenger vehicles, fleet vehicles, and semi-trucks among other travelers. The site has a rich history as the former home of Hooter’s, a national restaurant chain that successfully operated here for over 20 years. Now, it is your chance to transform this coveted space into the next culinary hotspot, trendy shop, or essential service-based business – one that stands resilient in today’s internet-driven world. With an impressive array of nearby amenities, including upscale hotels like IHG, Marriott, and Wyndham, your business will cater to a steady flow of business travelers and visitors. Enjoy proximity to a diverse dining scene, featuring popular names like Red Lobster, Applebee’s, and Starbucks – perfect for attracting foot traffic! With major employers such as the Illinois Dept of Transportation and the Secretary of State just minutes away, you will tap into a consistent customer base eager for your services. Do not miss out on this rare opportunity to position your business in a prime location with tremendous potential!

Space Size Space Use Position Available
1st Floor 4,262 SF Restaurant Outparcel Now

1st Floor

Size
4,262 SF
Space Use
Restaurant
Position
Outparcel
Available
Now

1st Floor

Size 4,262 SF
Space Use Restaurant
Position Outparcel
Available Now

Welcome to an incredible opportunity brought to you by Coldwell Banker Commercial Devonshire Realty! Imagine your business thriving in a prime location with unbeatable visibility! Nestled in a beautiful hospitality park-like setting, this outlot offers easy access from S. Dirksen Parkway and stunning sightlines from both Dirksen Pkwy and the heavily traveled Interstate 55/72, where over 52,000 vehicles pass daily! And here is an added bonus – an extra lot for overflow parking! It is perfect for the Interstate traffic the property generates – passenger vehicles, fleet vehicles, and semi-trucks among other travelers. The site has a rich history as the former home of Hooter’s, a national restaurant chain that successfully operated here for over 20 years. Now, it is your chance to transform this coveted space into the next culinary hotspot, trendy shop, or essential service-based business – one that stands resilient in today’s internet-driven world. With an impressive array of nearby amenities, including upscale hotels like IHG, Marriott, and Wyndham, your business will cater to a steady flow of business travelers and visitors. Enjoy proximity to a diverse dining scene, featuring popular names like Red Lobster, Applebee’s, and Starbucks – perfect for attracting foot traffic! With major employers such as the Illinois Dept of Transportation and the Secretary of State just minutes away, you will tap into a consistent customer base eager for your services. Do not miss out on this rare opportunity to position your business in a prime location with tremendous potential!

Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Demographics

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 mile
3 mile
5 mile
2025 Population
2,216
37,248
100,107
2020 Population
2,316
35,704
98,853
2030 Population
2,186
37,504
100,132
2025-2030 Projected Population Growth
-1.4%
0.7%
0.0%
Daytime Employees
4,691
27,094
88,828
Total Businesses
256
2,391
8,477
Average Household Income
$59,455
$73,242
$78,230
Median Household Income
$38,916
$54,798
$57,848
Total Consumer Spending
$21M
$382.4M
$1.1B
Median Age
42.3
39.1
40.6
2025 Households
968
15,458
44,249
Percent College Degree or Above
11%
13%
16%
Average Home Value
$156,979
$148,058
$169,880

Nearby Major Retailers

Red Lobster
Smokey Bones
IHOP
Applebee's
Anytime Fitness
Sunbelt Rentals
McAlister's Deli
Steak ‘n Shake
Rent One Home Furnishings

Sale Advisor

Sale Advisor

Blake Pryor, CCIM, Vice President
Blake began his commercial real estate career in early 2012 as an intern in Springfield and Champaign. He obtained his Broker’s license upon graduating with his Bachelor of Science in Finance from the Gies College of Business at the University of Illinois at Urbana-Champaign in 2013.

Blake lives in Springfield, IL, and services the Greater Springfield area.  He achieved the Circle of Distinction in 2021 (Silver Level), 2022 (Bronze Level), 2023 (Silver Level), and 2024 (Bronze Level), which recognized top-producing commercial agents among all CBC affiliates.  He represents clients in Office, Retail, Industrial/Warehouse, Restaurant, Multi-Family, Self-Storage, Special Purpose, Hospitality, and Land Acquisition sale and lease transactions.

Blake serves on several Boards and Committees, notably as the Chairman of the Commercial Real Estate Network (CREN) within the Capital Area REALTORS ®,  President of the M.E.R.C.Y. Communities Inc Board of Directors, President of the Downtown Springfield Inc Board of Directors, and Food  & Beverage Chair of the Springfield Old State Capitol Art Fair.  His professional memberships include the International Council of Shopping Centers (ICSC), the National Association of REALTORS ®, and the Illinois Association of REALTORS ®.  His involvement extends to other philanthropic causes, including Rotary International, Illinois Innocence Project and the Community Foundation for the Land of Lincoln.

About the Auction Technology

Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auctioneer License: Ten-X Arlene Richardson RE Brkr 478027045
Auction FAQ's
  • Listing ID: 39107898

  • Date on Market: 1/16/2026

  • Last Updated:

  • Address: 3241 Horizon Dr, Springfield, IL 62703

3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000

Contact the Sale Advisor

Hospitality Park Outlot - Former Hooter's | 3241 Horizon Dr

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