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    101 N 7Th St Petersburg, IL 62675

    For Sale
    $1,000,000

    Commercial - Petersburg, IL

    Property size:
    12,500 SF
    Lot size:
    0.45 Acres
    Days on Market:
    68
    Last Refresh:
    Dec 5 at 7:06 am

    Property Features for 101 N 7Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    11-14-265-015, 265-013
    Size
    12,500 SF
    Lot size
    0.45 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Flooring type
    Tile, Wood
    Building materials
    Brick, Frame, Stone
    Roof type
    Membrane
    Architectural style
    Other

    The Real Estate Group, Inc. (217) 787-7000 [email protected]

    Listing agent Dan Sperry (217) 787-7000 License #475118029

    Listing date Sep 29, 2025

    MLS# CA1033847 Listing URL

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

    Overview

    Restored Historic Restaurant & Event Venue

    Originally built in 1872 as Central Illinois' first "mega-store", this commercial property was fully restored in 2021 to its original architectural design and redeveloped into a restaurant and events venue. The property is zoned commercial and has a total size of 12,500 square feet on a 0.45-acre lot. The building was redeveloped into a hospitality center featuring a restaurant and coffee shop/bakery on the first floor, and an event space on the second floor. The first floor dining room showcases original woodwork and a double-sided grand staircase. A 40-foot white granite-topped bar has been added underneath the mezzanine. The second floor hosts three event spaces accessible via a new elevator. The restaurant can comfortably seat 90 people, in addition to seating at the bar and mezzanine. All equipment and furnishings are included.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Broadgauge Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Petersburg
    County
    Menard
    State
    Illinois
    Longitude
    -89.849898
    Latitude
    40.011328

    Nearby Similar for Sale

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      3,639 SF

      Updated Commercial Building in Petersburg

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      112 S 6Th St, Petersburg, IL 62675
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    • $2,900,000
      12,500 SF

      Historic Petersburg Commercial Gem

      Restaurant, Events Venue, Fully Restored
      101 7Th St, Petersburg, IL 62675
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    FAQs

    What type of property is this?
    Restaurant - Fully restored 1872 commercial building, redeveloped into restaurant and event venue.
    Where is this restaurant located?
    The property is located at 101 N 7Th St Petersburg, IL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Fully restored in 2021 to its original architectural glory as a restaurant and events venue.; - Includes a restaurant, coffee shop/bakery, and event spaces.; - First floor dining room features original woodwork and a double-sided grand staircase.
    (217) 787-7000
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    101 N 7Th St Petersburg, IL 62675
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    Petersburg, IL 62675
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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
    101 N 7Th St Petersburg, IL 62675
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