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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.

Highlights

  • Commercial Sale
  • Business
  • Built in 1900
  • 0.337 Acre Lot
  • 56 days on Market

  • Year Built
    1900
  • Stories
    1.0
  • Construction Materials
    Brick
  • Foundation
    Brick/Mortar
  • Appliances
    Refrigerator, Gas Cooktop, Gas Oven, Range Hood, Stainless Steel Appliance(s), Indoor Grill, Vented Exhaust Fan
  • Flooring
    Carpet, Concrete, Combination
  • Cooling
    Wall Unit(s)
  • Heating
    Forced Air, Baseboard, Exhaust Fan

  • Acres
    0.337
  • Utilities
    Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected
  • Water
    Public

  • County
    Montgomery
  • City
    Irving
  • Neighborhood
    Village/Irving
  • Zip Code
    62051

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Frequently Asked Questions

How do I schedule a tour of 111 E State St?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 111 E State St.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 111 E State St?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $120,000. We can talk through recent upgrades, potential seller motivation, how this business compares to others in Irving, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 111 E State St?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 111 E State St at around $835. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 111 E State St?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Montgomery County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 111 E State St?

In most cases, yes. Whether 111 E State St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Irving's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 111 E State St?

We can handle that for you. Our preferred local agent specializes in commercial sales in Irving and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $120,000 with 2,300 sqft of space—that comes out to approximately $52 per square foot.

How long has this property been on the market?

111 E State St was listed on September 11, 2026, which means it's been on the market for 56 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1900, making it approximately 126 years old.

What is the lot size of this property?

111 E State St sits on a 0.34-acre lot, which is 14,810 square feet.

What are the property taxes for 111 E State St?

The most recent public record shows annual property taxes for 111 E State St were approximately $2,216. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 111 E State St still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Based on information submitted to the MLS GRID as of November 06, 2026 at 04:37PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Source: MARIS MLS | MLS#: 26057720