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Watseka, IL

Watseka, IL Commercial Real Estate for Sale

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Crescent City, IL Clifton, IL Gilman, IL

Banquet Hall and Catering Service

Updated: Feb 10, 2025

Banquet Hall and Catering Service

209 W Oak Street, Watseka, IL 60970

$134,900

Fully equipped and licensed banquet hall and catering service ready for immediate operation.
Spacious 49x80 hall with a maximum capacity of 330 guests, featuring a bar and dance floor.
State‑inspected and licensed kitchen allows for on‑site and off‑site catering opportunities.
Potential for diverse income streams: event hosting, catering services, and kitchen rental.
Includes a separate 12x20 meeting room suitable for smaller events or retail conversion with a separate entrance.

Subsidized Senior Housing Portfolio

Updated: Apr 29, 2021

Subsidized Senior Housing Portfolio

551-564 N Clarence Avenue, Watseka, IL 60970

$2,000,000

54 total units of subsidized senior housing
USDA/RD/HUD subsidies in place (buyer must qualify)
Portfolio of 27 two‑unit buildings plus an office/recreational building
Mix of 48 one‑bedroom and 6 two‑bedroom units
Properties are in "Good" condition

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Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 2 Active listings in Watseka, 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.

Town Square Restaurant/Retail Space

Town Square Restaurant/Retail Space

302 N 4th Street, Kentland, IN 47951

$75,000

1,070 sqft · 0.12 AC lot

Restaurant-ready retail space across from the county courthouse with updated electrical and food-service improvements.

Turnkey Commercial Space on Square

Turnkey Commercial Space on Square

302 N 4th Street, Kentland, IN 47951

$75,000

1,070 sqft

Prime 1,070 sq ft commercial space in Kentland, Indiana.

Historic Commercial Structure in Gilman

Historic Commercial Structure in Gilman

203 W 2nd St, Gilman, IL 60938

$195,000

29,216 sqft

Oldest commercial building in Gilman, suitable for various businesses.

Historic Commercial Structure in Gilman

Historic Commercial Structure in Gilman

203 W 2nd Street, Gilman, IL 60938

$195,000

Oldest commercial building in Gilman, suitable for various businesses.

Off-Market Properties in Watseka, IL

Consider similar Off-Market properties in Watseka, 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.

OFFICE BUILDING

123 Oak St, Watseka, IL 60970-1910

Value Estimation by Request

OFFICE BUILDING

500 4th St, Watseka, IL 60970-1375

Value Estimation by Request

0.34 AC lot

OFFICE BUILDING

747 Walnut St, Watseka, IL 60970-1270

Value Estimation by Request

0.52 AC lot

OFFICE BUILDING

211 3rd St, Watseka, IL 60970-1667

Value Estimation by Request

OFFICE BUILDING

625 5th St, Watseka, IL 60970-1835

Value Estimation by Request

OFFICE BUILDING

131 Walnut St, Watseka, IL 60970-1353

Value Estimation by Request

VACANT COMMERCIAL LAND

404 Walnut St, Watseka, IL 60970-1455

Value Estimation by Request

Watseka, IL 60970

OFFICE BUILDING

Watseka, IL 60970

Value Estimation by Request

1.17 AC lot

Watseka, IL 60970

OFFICE BUILDING

Watseka, IL 60970

Value Estimation by Request

0.91 AC lot

OFFICE BUILDING

123 8th St, Watseka, IL 60970

Value Estimation by Request

Watseka, IL 60970

OFFICE BUILDING

Watseka, IL 60970

Value Estimation by Request

OFFICE BUILDING

312 Walnut St, Watseka, IL 60970-1263

Value Estimation by Request

100 Lakeview Ct

OFFICE BUILDING

100 Lakeview Ct, Watseka, IL 60970-1842

$685,000

Estimated value

4.58 AC lot

OFFICE BUILDING

340 Walnut St, Watseka, IL 60970-1906

Value Estimation by Request

0.50 AC lot

Watseka, IL 60970

OFFICE BUILDING

Watseka, IL 60970

Value Estimation by Request

OFFICE BUILDING

108 4th St, Watseka, IL 60970-1312

Value Estimation by Request

OFFICE BUILDING

715 Raymond Rd, Watseka, IL 60970-9730

$2,895,000

Estimated value

6.45 AC lot

Watseka, IL 60970

OFFICE BUILDING

Watseka, IL 60970

$2,895,000

Estimated value

0.32 AC lot

OFFICE BUILDING

1144 Walnut St, Watseka, IL 60970-1803

Value Estimation by Request

0.52 AC lot

OFFICE BUILDING

809 2nd St, Watseka, IL 60970-1500

Value Estimation by Request

1.41 AC lot

OFFICE BUILDING

109 2nd St, Watseka, IL 60970-1508

Value Estimation by Request

OFFICE BUILDING

121 Yount Ave, Watseka, IL 60970-1504

Value Estimation by Request

0.47 AC lot

Watseka, IL Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Watseka, IL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $2,134,900.

Sale prices for business properties in Watseka, IL start at $134,900, averaging $1,067,450, and reaching up to $2,000,000 — 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 5,965

Population Growth (5Y) -14.2%

Median Household Income $48,456

College Educated 16.1%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
60970	$811.6K

Taxes & Financing

Tax Rate (average for all types) 10.23%

Tax Rate vs County Average 1.35 pp above county avg

Average Loan-to-Value 65.0%

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