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    226 W Saint Louis St Lebanon, IL 62254

    For Lease
    $2,000 /Mo ($3 SF/Yr)

    Commercial Lease - Lebanon, IL

    Lot size:
    0.15 Acres
    Days on Market:
    207
    Last Refresh:
    Dec 13 at 11:06 am

    Property Features for 226 W Saint Louis St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    05-19.0-317-023
    Lot size
    0.15 Acres

    Building Details

    Year built
    1880
    Building materials
    Brick
    Architectural style
    Other

    Worth Clark, Inc. (314) 222-0065 [email protected]

    Listing agent Justin Smith (800) 991-6092

    Listing date May 21, 2025

    MLS# 25034077 Listing URL

    Copyright © 2025 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Restaurant/Bar Space in Lebanon

    This turnkey commercial space is located in the heart of Historic Lebanon, near McKendree University and minutes from Scott Air Force Base. The property benefits from steady foot traffic and a strong local community, situated in a charming downtown area that attracts students, military families, and visitors. The space, formerly a bar, comes equipped with a full commercial kitchen, bar setup with seating, and a flexible dining space. It is suitable for a restaurant, cafe, or pub, offering growth potential in a welcoming area. The lot size is 0.15 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.81014931
    Latitude
    38.6037654

    FAQs

    What type of property is this?
    Restaurant - Equipped bar/restaurant space near McKendree University and Scott Air Force Base.
    Where is this restaurant located?
    The property is located at 226 W Saint Louis St Lebanon, IL.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: - Turnkey commercial space with **full kitchen and bar setup**, ready for immediate operation.; - Prime location in Historic Lebanon, near McKendree University and Scott Air Force Base.; - Benefits from steady foot traffic from students, military families, and visitors.
    (800) 991-6092
    Request Owner's contact information
    226 W Saint Louis St Lebanon, IL 62254
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    Lebanon, IL 62254
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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
    226 W Saint Louis St Lebanon, IL 62254
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