Palestine, IL Commercial Real Estate for Sale

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Merom, IN Robinson, IL Hutsonville, IL Carlisle, IN Flat Rock, IL Oblong, IL Sullivan, IN Annapolis, IL
Restaurant with Commercial Kitchen
Updated: May 24
Restaurant with Commercial Kitchen

118 S Main St, Palestine, IL 62451

$99,900
1,862 sqft 0.08 AC lot
Combined restaurant property with 1,862 square feet
Approximately 75‑guest capacity
Pizza oven, pizza sheeter, flat‑top grill, deep fryers, and double oven
6 refrigerators and 5 freezers included
Rear storage shed with 3 stand‑up freezers
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Salon Property
Updated: Sep 18
Salon Property

109 N Pike St, Palestine, IL 62451

$99,900
0.24 AC lot
Salon‑oriented commercial property
0.24‑acre parcel in Palestine, IL
Aluminum construction
Metal roof
Forced‑air heating
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Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 2 Active listings in Palestine, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 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.

Accessible Church Facility
Accessible Church Facility

12475 E 1050th Ave., Robinson, IL 62454

$249,900
1,900 sqft 1.30 AC lot

C-3-zoned facility with a meeting room, stage area, offices, and on-site parking.

View details
Mixed-Use Property with Apartments
Mixed-Use Property with Apartments

16-18-20 W Washington Street, Sullivan, IN 47882

$280,000
0.24 AC lot

Downtown building with retail suites, leased apartments, unfinished upper-level space, and off-street parking.

View details
Accessible Office Building with Meeting Room
Accessible Office Building with Meeting Room

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

$249,900

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

View details
Brick Apartment Buildings With Commercial Space
Brick Apartment Buildings With Commercial Space

104-114 1/2 E Washington Street, Sullivan, IN 47882

$329,900

Brick buildings combine residential apartments with commercial spaces along a paved street near Sullivan’s central square.

View details

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.

106 Wilson St
COMMERCIAL (GENERAL)

106 Wilson St, Palestine, IL 62451-1040

Estimated value:
No data
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105 Wilson St
VACANT COMMERCIAL LAND

105 Wilson St, Palestine, IL 62451-1038

Estimated value:
No data
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300 Washington St
VACANT COMMERCIAL LAND

300 Washington St, Palestine, IL 62451-1088

Estimated value:
No data
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18066 Walnut St
COMMERCIAL (GENERAL)

18066 Walnut St, Palestine, IL 62451-2915

Estimated value:
$270,000
0.52 AC lot
View details
18066 Walnut St
VACANT COMMERCIAL LAND

18066 Walnut St, Palestine, IL 62451-2915

Estimated value:
No data
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705 Porter St
COMMERCIAL (GENERAL)

705 Porter St, Palestine, IL 62451-1054

Estimated value:
$235,000
View details
613 Porter St
COMMERCIAL (GENERAL)

613 Porter St, Palestine, IL 62451-1028

Estimated value:
$75,000
View details
412 Pike St
COMMERCIAL (GENERAL)

412 Pike St, Palestine, IL 62451-1156

Estimated value:
$270,000
0.25 AC lot
View details
109 Pike St
COMMERCIAL (GENERAL)

109 Pike St, Palestine, IL 62451-1020

Estimated value:
No data
View details
110 Main St
COMMERCIAL (GENERAL)

110 Main St, Palestine, IL 62451-1244

Estimated value:
No data
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212 Main St
COMMERCIAL (GENERAL)

212 Main St, Palestine, IL 62451-1245

Estimated value:
No data
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103 Main St
COMMERCIAL (GENERAL)

103 Main St, Palestine, IL 62451-1265

Estimated value:
No data
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312 Main St
COMMERCIAL (GENERAL)

312 Main St, Palestine, IL 62451-1246

Estimated value:
No data
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312 Main St
COMMERCIAL (GENERAL)

312 Main St, Palestine, IL 62451-1246

Estimated value:
No data
View details
114 Main St
COMMERCIAL (GENERAL)

114 Main St, Palestine, IL 62451-1244

Estimated value:
No data
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118 Main St
COMMERCIAL (GENERAL)

118 Main St, Palestine, IL 62451-1244

Estimated value:
No data
View details
115 Main St
COMMERCIAL (GENERAL)

115 Main St, Palestine, IL 62451-1265

Estimated value:
No data
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109 Main St
COMMERCIAL (GENERAL)

109 Main St, Palestine, IL 62451-1265

Estimated value:
No data
View details
312 Main St
COMMERCIAL (GENERAL)

312 Main St, Palestine, IL 62451-1246

Estimated value:
No data
View details
105 Main St
OFFICE BUILDING

105 Main St, Palestine, IL 62451-1263

Estimated value:
No data
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117 Main St
COMMERCIAL (GENERAL)

117 Main St, Palestine, IL 62451-1265

Estimated value:
$70,000
View details
112 Main St
COMMERCIAL (GENERAL)

112 Main St, Palestine, IL 62451-1244

Estimated value:
$130,000
View details

Palestine, IL Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Palestine, IL 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 $199,800.

Sale prices for business properties in Palestine, IL average $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.

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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 $99.9K

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%

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