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    117 North Main St Grayville, IL 62844

    Sponsored
    For Sale
    $95,000

    Commercial Building, Traditional - Grayville, IL

    Property size:
    5,600 SF
    Lot size:
    0.72 Acres
    Days on Market:
    335
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 117 North Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    200
    Rooms
    Basement, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room
    Bedrooms
    3
    APN
    05-20-233-002; 003; 004; 009; 011; 012
    Parking features
    Garage
    Basement Y/N
    1
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Refrigerator, Washer
    Size
    5,600 SF
    Lot size
    0.72 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    New Traditional

    Integrity Realty & Auctions (618) 445-2267

    Listing agent Dustin Hawkins (618) 445-2267

    Listing date Feb 5, 2025

    MLS# 11190021 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Grayville Commercial Building with Restaurant

    This commercial building in Grayville, Illinois, features a well-established family restaurant. The 5,600 square foot property includes a large dining area, a full-service kitchen, and an additional banquet dining room, along with trade fixtures. An attached apartment is also part of the property. Situated on 0.72 acres, the property offers room for expansion and growth, including additional lots at the corner of North and Main in downtown Grayville. The zoning is 200, allowing for mixed-use possibilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    garden family restaurant ... Restaurant

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Hotel & Motel Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grayville
    County
    White
    State
    Illinois
    Longitude
    -87.993238
    Latitude
    38.258421

    Nearby Similar for Sale

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    • $941,647
      12,000 SF

      Family Dollar Retail Investment

      High-Yield Net Lease in Illinois
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    • $95,000
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      Grayville Restaurant & Apartment

      Turnkey Restaurant, Huge Potential
      117 Main St, Grayville, IL 62844
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    FAQs

    What type of property is this?
    Conventional restaurant - Well-established restaurant with apartment and expansion potential in downtown Grayville.
    Where is this conventional restaurant located?
    The property is located at 117 North Main St Grayville, IL.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: - Established family restaurant with large dining area and full-service kitchen.; - Includes an attached apartment for living or rental income.; - Additional banquet dining room for events and larger parties.
    (618) 445-2267
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    117 North Main St Grayville, IL 62844
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    Grayville, IL 62844
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    117 North Main St Grayville, IL 62844
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