Realmo

Buy
- For Sale
- Post a Listing
Property Types
- Restaurants
  
  Conventional Restaurant
  
  Coffee shop
- Land
  
  Residential
Rent
Analytics
- Analytics Center
- Insight Report
- Recently Sold
- Value Estimation
- Cap Rate
- Ownership Records
- Location Intelligence
- Business Placement
- Off-Market Leads
- Zoning Insight

Advertise Sign In

For Sale
- Restaurants
  - Conventional Restaurant
  - Coffee shop
- Land
  - Residential
For Lease
Analytics Center
Insight Report
Recently Sold
Value Estimation
Cap Rate
Ownership Records
Location Intelligence
Business Placement
Off-Market Leads
Zoning Insight
Advertise
Find Brokers

Palestine, IL

Palestine, IL Commercial Real Estate for Sale

List

Map

Robinson, IL Hutsonville, IL Carlisle, IN Sullivan, IN Oblong, IL Annapolis, IL Shelburn, IN Vincennes, IN

Turnkey Dual-Building Restaurant

Updated: May 24

Turnkey Dual-Building Restaurant

118 S Main St, Palestine, IL 62451

$99,900

1,862 sqft 0.08 AC lot

Dual‑building restaurant property on historic Main St in Palestine with capacity for around 75 guests
Includes extensive restaurant equipment: pizza oven, pizza sheeter, flat top grill, newer exhaust hood, deep fryers, and double oven
Hot line and kitchen equipment includes a newer cold prep table, 6 refrigerators, and 5 freezers
Front of house features a new bar with seating, tables and chairs, register, salad bar, hot bar, and newer ice machine
Out back: additional storage shed plus 3 stand‑up freezers

Historic Restaurant Building

Updated: Jun 9

Historic Restaurant Building

105 S Main St, Palestine, IL 62451

Contact for pricing

0.03 AC lot

Historic Main St building in Palestine, formerly a successful pizza parlor for decades
Brick construction with tile and hardwood flooring
Heating system: natural gas forced air
Public water source
Roof: rubber

Restaurant Building on Main Street

Restaurant Building on Main Street

105 S Main St, Palestine, IL 62451

Contact for pricing

1,300 sqft

Quaint original restaurant building with existing restaurant use history, sold as-is with contents included.

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Turnkey Restaurant on Historic Main

Turnkey Restaurant on Historic Main

118 S Main St, Palestine, IL 62451

$99,900

Turnkey restaurant opportunity in Palestine, Illinois, ready for new owner.

Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 4 Active listings in Palestine, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Religious Facility with Accessible Entry

Religious Facility with Accessible Entry

12475 E 1050th Ave., Robinson, IL 62454

$265,000

1,900 sqft 1.30 AC lot

Exceptionally maintained religious facility with accessible entry, meeting space, and an off-street parking lot with canopy.

Automotive Service & Tire Business

Automotive Service & Tire Business

210 W Silver Street, Sullivan, IN 47882

$549,000

0.55 AC lot

Acquire an established automotive repair and tire operation with real estate, equipment, tools, and inventory included.

Accessible Office Building with Meeting Room

Accessible Office Building with Meeting Room

12475 E. 1050th Ave., Robinson, IL 62454

$265,000

Office building in exceptional condition with handicap-accessible entry, restrooms, and a large meeting room.

Modern Chalet on 10 Acres

Modern Chalet on 10 Acres

5343 N Cr 800 W, Sullivan, IN 47849

$679,900

3,650 sqft 10.00 AC lot

Modern chalet on 10-acre farm with stocked pond.

Off-Market Properties in Palestine, IL

Consider similar Off-Market properties in Palestine, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

COMMERCIAL (GENERAL)

106 Wilson St, Palestine, IL 62451-1040

Value Estimation by Request

VACANT COMMERCIAL LAND

105 Wilson St, Palestine, IL 62451-1038

Value Estimation by Request

300 Washington St

VACANT COMMERCIAL LAND

300 Washington St, Palestine, IL 62451-1088

Value Estimation by Request

18066 Walnut St

COMMERCIAL (GENERAL)

18066 Walnut St, Palestine, IL 62451-2915

Value Estimation by Request

0.52 AC lot

18066 Walnut St

VACANT COMMERCIAL LAND

18066 Walnut St, Palestine, IL 62451-2915

Value Estimation by Request

COMMERCIAL (GENERAL)

705 Porter St, Palestine, IL 62451-1054

Value Estimation by Request

COMMERCIAL (GENERAL)

613 Porter St, Palestine, IL 62451-1028

Value Estimation by Request

COMMERCIAL (GENERAL)

412 Pike St, Palestine, IL 62451-1156

Value Estimation by Request

0.25 AC lot

COMMERCIAL (GENERAL)

109 Pike St, Palestine, IL 62451-1020

Value Estimation by Request

COMMERCIAL (GENERAL)

110 Main St, Palestine, IL 62451-1244

Value Estimation by Request

COMMERCIAL (GENERAL)

212 Main St, Palestine, IL 62451-1245

Value Estimation by Request

COMMERCIAL (GENERAL)

103 Main St, Palestine, IL 62451-1265

Value Estimation by Request

COMMERCIAL (GENERAL)

312 Main St, Palestine, IL 62451-1246

Value Estimation by Request

COMMERCIAL (GENERAL)

312 Main St, Palestine, IL 62451-1246

Value Estimation by Request

COMMERCIAL (GENERAL)

114 Main St, Palestine, IL 62451-1244

Value Estimation by Request

COMMERCIAL (GENERAL)

118 Main St, Palestine, IL 62451-1244

Value Estimation by Request

COMMERCIAL (GENERAL)

115 Main St, Palestine, IL 62451-1265

Value Estimation by Request

COMMERCIAL (GENERAL)

109 Main St, Palestine, IL 62451-1265

Value Estimation by Request

COMMERCIAL (GENERAL)

312 Main St, Palestine, IL 62451-1246

Value Estimation by Request

OFFICE BUILDING

105 Main St, Palestine, IL 62451-1263

Value Estimation by Request

Palestine, IL Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Palestine, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 1,862 square feet of properties for sale, with an estimated market value of $99,900.

Sale prices for business properties in Palestine, IL start at $99,900, averaging $99,900, and reaching up to $99,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

List

Map

Demographics Overview

Population 1,955

Population Growth (5Y) -4.2%

Median Household Income $60,991

College Educated 20.1%

High-Yield Neighborhoods for Investment

Identify Palestine submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
62451	$66.6K

Taxes & Financing

Tax Rate (average for all types) 7.25%

Tax Rate vs County Average 1.07 pp above county avg

Average Loan-to-Value 65.0%

Need Help?

Reach out if you need assistance with Realmo tools or have questions about your listings

Browse Commercial real estate for Sale Near Palestine, IL

Robinson Commercial Real Estate

Popular Searches in Palestine, IL

Most Searched ZIP Codes in Palestine, IL

62451