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    2578 E Us Highway 36 Newman, IL 61942

    For Sale
    $240,000

    Business Opportunity - Newman, IL

    Property size:
    2,173 SF
    Days on Market:
    225
    Last Refresh:
    Dec 11 at 6:06 am

    Property Features for 2578 E Us Highway 36

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    07063132901500
    Size
    2,173 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

    Keller Williams The Real Estate Center of Illinois, LLC (217) 356-6100 [email protected]

    Listing agent Caryn Happ (217) 356-6100 License #471022833

    Listing date May 1, 2025

    MLS# 11762440 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Restaurant Business Opportunity

    This established restaurant business is available for purchase. The restaurant building has a size of 2,173 square feet and is situated on approximately half an acre. The property benefits from ample parking and a location on the highway. The sale includes all restaurant equipment, tables, chairs, and booths. A new roof was installed in 2021. The property is zoned COMMR and is located in Newman, Illinois.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Law Firm Auto Repair Shop Food Market Grocery Store Electrical Service Convenience Store Pawn Shop Nursing Home Italian Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Newman
    County
    Douglas
    State
    Illinois
    Longitude
    -87.984672
    Latitude
    39.792609

    Nearby Similar for Sale

    • Contact for pricing
      65,383 SF

      Redevelopment Opportunity in Newman, Illinois

      65,383 SF warehouse/manufacturing facility on 6.58 acres for sale.
      2475 E Us Highway 36, Newman, IL 61942
      View Details
    • $299,900
      3,910 SF

      Profitable Newman Bar & Grill

      Established Bar/Restaurant, Great Location
      107 Yates St, Newman, IL 61942
      View Details

    FAQs

    What type of property is this?
    Restaurant - Well-established restaurant for sale with equipment and highway frontage.
    Where is this restaurant located?
    The property is located at 2578 E Us Highway 36 Newman, IL.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: - Established restaurant business opportunity; - Prime highway location; - Includes all restaurant equipment, tables, chairs, and booths
    (217) 356-6100
    Request Owner's contact information
    2578 E Us Highway 36 Newman, IL 61942
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    Newman, IL 61942
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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
    2578 E Us Highway 36 Newman, IL 61942
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