Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    416 E North St Grayville, IL 62844

    For Sale
    $72,000

    Commercial Building - Grayville, IL

    Days on Market:
    32
    Last Refresh:
    Dec 13 at 8:06 pm

    Property Features for 416 E North St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1
    Bathrooms
    1
    Parking features
    Garage

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Roof type
    Metal
    Architectural style
    Other

    The Property Shop (618) 978-8333

    Listing agent Amber Knight (618) 978-8333

    Listing date Nov 12, 2025

    MLS# 11605044 Listing URL

    Copyright © 2025 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 Buildings and Equipment

    Two buildings and equipment are included in this commercial property. The property is located in Grayville, Illinois. The first building contains large freezers and sinks previously used for cleaning and storing fish, a concrete floor with drains, and a half bath. The second building formerly operated as a fish house restaurant and includes cooking equipment and a café area. All equipment was purchased in 2018 and used for two years. The property offers multiple possibilities for use, including storage or reopening as a small restaurant.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Grayville
    County
    White
    State
    Illinois
    Longitude
    -87.991314
    Latitude
    38.25773

    Nearby Similar for Sale

    • Contact for pricing

      Main Street Commercial Building Opportunity

      Versatile property in a TIF district, ideal for small business.
      116 E North St, Grayville, IL 62844
      View Details
    • $95,000
      5,600 SF

      Grayville Commercial Building with Restaurant

      Well-established restaurant with apartment and expansion potential in downtown Grayville.
      117 North Main St, Grayville, IL 62844
      View Details
    • $941,647
      12,000 SF

      Family Dollar Retail Investment

      High-Yield Net Lease in Illinois
      709 Court St, Grayville, IL 62844
      View Details
    • $95,000
      5,600 SF

      Grayville Restaurant & Apartment

      Turnkey Restaurant, Huge Potential
      117 Main St, Grayville, IL 62844
      View Details

    FAQs

    What type of property is this?
    Restaurant - Two buildings with equipment, suitable for storage or restaurant use.
    Where is this 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 in sale.; - Restaurant and storage/cleaning setup already in place.; - Restaurant equipment included.
    (618) 978-8333
    Request Owner's contact information
    416 E North St Grayville, IL 62844
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    416 E North St
    Grayville, IL 62844
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    416 E North St Grayville, IL 62844
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.