Map of Property

Former National Tenant - Restaurant Redevelopment Opportunity - IL 121

For Lease

381 Illinois 121, Bethany, IL 61914

You can currently find 2 retail space(s) available for lease at Former National Tenant - Restaurant Redevelopment Opportunity - IL 121. Designated use type for space listed here includes street retail and restaurant. Current retail listings at this property total 2,366 square feet. Lease type options include NNN. Expand the listing and property details below for additional information on leasing opportunities at Former National Tenant - Restaurant Redevelopment Opportunity - IL 121.

Space Available For Lease 2

Contacts

broker
Cole Babcock

Vieweg Real Estate

Property Details

  • Property Type Retail - Street Retail
  • Property Size 2,366 SF
  • Lot Size 0.28 Acre
  • Parking Spaces Avail. 12
  • Property Tenancy Multi-Tenant
  • Year Built 2001
  • Date Updated Jul 11, 2025
Located along busy Hwy 121 in the heart of Bethany, IL, this property offers excellent visibility and accessibility with approximately 4,650 vehicles passing daily. Situated on a prominent corridor connecting surrounding communities, the site benefits from steady commuter and local traffic, making it an ideal location for national tenants, quick-service restaurants, or retail operations. Surrounded by residential neighborhoods, schools, and local businesses, the property sits in a growing area with strong demand for convenient services and dining options. Its strategic position on Hwy 121 ensures your business enjoys maximum exposure to daily travelers and area residents alike.Outstanding location on Hwy 121 with excellent visibility and approximately 4,650 vehicles per day (VPD). Previously operated as a national tenant sub shop, this high-traffic property offers an exceptional opportunity for a brand seeking a prominent, accessible site with strong exposure to passing motorists. All existing equipment remains with the property, providing a turnkey foundation for restaurant, retail, or service use. The interior presents an opportunity for updates and customization to meet brand standards, while the site layout could easily accommodate a drive-through lane—perfect for leveraging the consistent daily traffic along this busy corridor. The building also features a secondary entrance leading to a separate office or retail space, ideal for additional operations or supplemental income. Lease terms are negotiable, and the owner is open to contract-for-deed options. Motivated seller, secure this prime location for your next successful location!The west portion of the building offers approximately 480 SF of open, leasable space, ideal for a small office, boutique, or start-up shop. With its own entrance and flexible layout, this space provides an affordable opportunity for a business looking to establish itself in a visible, accessible location. The east portion of the building offers approximately 1,886 SF, formerly operated as a Subway restaurant. This space features a dining area, service counter, kitchen/prep area, and storage, making it ideal for a quick-service restaurant or adaptable for other retail or service uses. Excellent visibility and existing infrastructure allow for a smooth transition for a new tenant or owner.
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Getting around

  • 29/100

    Walk Score ®

  • 37/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Bethany, IL
  • Neighborhood Bethany
  • Zip Code 61914

Points of Interest

  • Casey's General Store

    0.03 miles

  • Subway

    7.52 miles

  • McDonald's

    7.87 miles

  • Kirby Foods IGA

    7.90 miles

381 Illinois 121 Listing Brief

  • A property’s location contributes to the asking rent almost as much as its characteristics do. For instance, central urban locations with high walkability or suburban locations with ample parking and easy access by car will claim higher rents but offer superior access to your customer base. Likewise, the quality of the building systems and property finishes have a significant impact on how businesses can conduct their activity there, as well as on the experience of their customers.

    The rent for retail space at 381 Illinois 121 is available upon request. Feel free to reach out using the contact form conveniently included on this page to find out more about what the property can offer for your business.

  • The property includes 2,366 square feet of retail space for lease. Of this total, 480 square feet are Street Retail, 1,886 square feet are Restaurant.

    Lease agreement conditions for the availability at this property include NNN.

    For more information or to schedule a tour of the property, use the convenient contact form on this page to get in touch with a representative.

  • You should keep in mind that different areas gradually build a reputation as hotspots or desirable corridors for shopping, eating, or other entertainment and consumer activities. So, while renting retail space in an area with a well-established high-end reputation might mean more customers that are more willing to spend, it will also place you in a more competitive environment.

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Cole Babcock

Vieweg Real Estate

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