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    207 Main St Royalton, IL 62983

    For Sale
    $88,000

    Charming, updated commercial space with history.

    Property size:
    2,600 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 2,600 square foot commercial property located at 207 S Main Street, Royalton, IL, presents a unique investment opportunity. Rich in history, the building boasts preserved original features including a classic bar and beautiful hardwood flooring. A significant part of its character is the inclusion of a historic train car, previously home to the renowned Mary's Ravioli's. This blend of nostalgic charm and modern functionality makes it ideal for a variety of commercial uses. While retaining its historical integrity, the building has undergone updates to ensure it remains in excellent condition. The property sits on a 0-acre lot, offering convenient access and ample space for potential expansion or outdoor seating (depending on zoning regulations). The asking price is $88,000, representing a compelling value for a property with such unique character and potential. This is a rare chance to own a piece of Royalton's history and establish a thriving business in a well-established location. Serious inquiries are encouraged to explore the possibilities this property offers. The property is zoned for general commercial use.

    Property Features for 207 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,600 SF

    Building Details

    Year Built
    1920
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Route 149 Bar

    Suggested Use

    Restaurant Law Firm Auto Repair Shop Gym & Fitness Bar & Pub Grocery Store Food Market Dry Cleaner Mobile Phone Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Royalton
    County
    Franklin
    State
    Illinois
    Longitude
    -89.11408
    Latitude
    37.8791

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    Nearby Similar for Sale

    • $145,000
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      Royalton Commercial Space: Prime Location

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      215 Main St, Royalton, IL 62983
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    • $165,000

      Royalton, IL Restaurant for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Charming, updated commercial space with history.
    Where is this commercial real estate located?
    The property is located at 207 Main St Royalton, IL.
    What is the asking price?
    The asking price for this property is $88,000.
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    207 Main St Royalton, IL 62983
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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
    207 Main St Royalton, IL 62983
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