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About This Home

This 0-bedroom, 0-bathroom commercial at 1577 wabash in Springfield, IL is listed for $450,000. on a N/A lot.

Agent Description

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"

Monthly Cost Estimate

$2,407/mo

20% down · 6.5% · 30 years

Principal$325
Interest$1,950
Insurance$131

Estimates only. Actual payments may vary.

Location

1577 wabash

Springfield, IL 62704

Property Details

Parking

Garage

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 1577 wabash is listed at $450,000. The estimated monthly payment is $1,950 based on 20% down at 6.5% interest.

This property is listed by Thomas Walsh and can be reached at 2175632523 or Thomas@aumannauctions.com.

TW

Thomas Walsh

Agent at Aumann Auctions

(217) 563-2523

Listed by Aumann Auctions · View on Broker Site

MLS# 11742971· Source: listhub· Updated 19 days ago

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1577 wabash, Springfield, IL 62704

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