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    Palestine, IL
    Conventional Restaurant

    Palestine, IL Conventional Restaurants for Sale

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    Robinson, IL Hutsonville, IL Carlisle, 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
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    Historic Main Street Retail Building
    Updated: Jun 9
    Historic Main Street Retail Building

    105 S Main St, Palestine, IL 62451

    Contact for pricing
    0.03 AC lot
    Original Mesker building on historic Main St in Palestine
    Previously operated as a pizza parlor for decades
    Construction materials include brick
    Flooring includes hardwood and tile
    Heating: natural gas forced air
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    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.

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

    105 S Main St, Palestine, IL 62451

    Contact for pricing
    1,330 sqft

    Original Mesker building formerly used as a pizza parlor, offered as-is and selling with contents included.

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    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 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.

    Remodeled Storefront with Patio
    Remodeled Storefront with Patio

    619 N 2nd Street, Vincennes, IN 47591

    $199,900
    0.09 AC lot

    Newly remodeled storefront with kitchen area, two restrooms, and a large concrete patio with paved parking.

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    Drive-Through Restaurant Building
    Drive-Through Restaurant Building

    318 W 9th Street, Mount Carmel, IL 62863

    $94,900
    0.66 AC lot

    Restaurant setup with drive-up access and included walk-in freezer and cooler for straightforward operations.

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    Historic Bar & Restaurant Building
    Historic Bar & Restaurant Building

    101 N 2nd Street, Vincennes, IN 47591

    $555,000
    0.15 AC lot

    Multifunctional historic bar and dining space with outdoor patio commercial kitchen and capacity for 100+.

    View details
    Restaurant with Drive-Up Service
    Restaurant with Drive-Up Service

    318 W 9th Street, Mount Carmel, IL 62863

    $94,900

    Restaurant setup with drive-up service and included walk-in refrigeration for high-traffic operations.

    View details

    Palestine, IL Conventional Restaurants Market Trends and Statistics

    Explore 4 conventional restaurants 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 conventional restaurants 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.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 3
    Coffee shops 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 $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%

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