Conventional Restaurant

Palestine, IL Conventional Restaurants for Sale

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Conventional Restaurant with Kitchen Equipment
Updated: May 24
Conventional Restaurant with Kitchen Equipment

118 S Main St, Palestine, IL 62451

$99,900
1,862 sqft 0.08 AC lot
1,862‑square‑foot restaurant property with seating for around 75 guests
Combined dual‑building layout with dining, bar, kitchen, storage, and two bathrooms
Pizza oven, pizza sheeter, flat‑top grill, deep fryers, and double oven included
Six refrigerators and five freezers, plus three stand‑up freezers in the rear shed
Newer exhaust hood, cold prep table, bar, and ice machine
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Dual-Building Restaurant Property
Updated: May 24
Dual-Building Restaurant Property

118 S Main St, Palestine, IL 62451

$99,900
1,862 sqft
1,862 SF restaurant property with two combined buildings
Guest seating for around 75
Pizza oven, pizza sheeter, flat‑top grill, deep fryers, and double oven
Six refrigerators and five freezers included
Front‑of‑house bar, tables, chairs, register, salad bar, and hot bar
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Palestine, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

Freestanding Restaurant Building with Drive-Thru
Freestanding Restaurant Building with Drive-Thru

1310 State Street, Lawrenceville, IL 62439

$300,000
1.30 AC lot

Freestanding restaurant building with an existing drive-thru, central air, and concrete and tile flooring.

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Conventional Restaurant
Conventional Restaurant

1408 West Main Street, Robinson, IL 62454

Contact for pricing

Located on West Main Street in Robinson, Illinois.

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Storefront Property with Commercial Kitchen
Storefront Property with Commercial Kitchen

1111 State St, Lawrenceville, IL 62439

Contact for pricing

Glass display windows, rear access, and a separate commercial kitchen support retail or food-service operations.

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Buffet-Style Restaurant Building
Buffet-Style Restaurant Building

710 S Cross St, Robinson, IL 62454

Contact for pricing

Configured for buffet service with a private party room and customer seating.

View details

Palestine, IL Conventional Restaurants Market Trends and Statistics

Explore 2 conventional restaurants for sale in Palestine, IL on our real estate platform. These investment opportunities span a total of 3,724 square feet of properties for sale, with an estimated market value of $199,800.

Sale prices for conventional restaurants 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Conventional restaurants 2
Coffee shops 1
Commercial kitchens 1

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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