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Restaurant Property With Equipment
For Sale
$72,000

416 E North St., Grayville, IL 62844

Commercial Sale, Grayville, IL

Property SizeContact for details
Days on Market307

Property Features for 416 E North St.

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1
Standard status Active

Utilities

Heating system Natural Gas, Forced Air
Water source Public

Building Details

Roof type Metal
Listing Agency: The Property Shop
Listed By: Amber Knight
Added: Nov 11, 2025 Changed: Sep 4 Last Checked: Sep 14 at 9:06AM
MLS# 11605044

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.

Investment Insights

Based on property information with market context.

Located at 416 E North St. in Grayville, Illinois, this conventional restaurant property includes two separate buildings and food-service equipment. The first building contains large freezers, sinks, a concrete floor with drains, and a half bath. The second building includes the cooking equipment and café area associated with the restaurant operation.

The equipment was purchased in 2018 and used for two years. Additional property features include a metal roof, public water service, and heating supplied by natural gas and forced air. The two-building configuration provides distinct areas for storage, cleaning, food preparation, and customer service.

Key Highlights

  • Two buildings included with the property
  • Cooking equipment and café area in the second building
  • Large freezers, sinks, concrete floor, drains, and half bath

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Big Box & Wholesale Store Dental Office HVAC Service Law Firm Electrical Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

138
Businesses Nearby
17k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Huck's Shops & Services
7,572 visits/mo 0.4 miles
Casey's General Store Shops & Services
6,841 visits/mo 0.4 miles
Dollar Tree Shops & Services
2,726 visits/mo 0.4 miles

Demographics for 62844, IL

1,930
Population
936
Households
2.1
Avg Household Size
48
Median Age
13%
College-Educated
88%
High-School Grad
46.8 sq mi
ZIP Area
41
Density / Sq Mi
$49,659
Median Household Income
$33,663
Median Earnings
$646
Median Rent
$81,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Two-building setup includes a café area, cooking equipment, freezers, sinks, and drainage.
Where is this conventional restaurant located?
The property is located at 416 E North St. Grayville, IL.
What is the asking price?
The asking price for this property is $72,000.
What are key features of this property?
This property features: Two buildings included with the property; Cooking equipment and café area in the second building; Large freezers, sinks, concrete floor, drains, and half bath
More about this property
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