101 7Th St Petersburg, IL 62675

This stunning 12,500 square foot commercial property, located at 101 N 7th Street in Petersburg, IL, presents a unique investment opportunity. Originally constructed in 1872 as Central Illinois' first "mega-store," this meticulously restored building boasts exceptional architectural detail and modern amenities. The complete 2021 renovation transformed the space into a thriving hospitality center, seamlessly blending historical charm with contemporary functionality. The ground floor features a captivating restaurant and coffee shop/bakery, showcasing original woodwork and a magnificent double-sided grand staircase. A striking 40-foot white granite bar, situated beneath the mezzanine, adds a touch of modern elegance. The restaurant's seating capacity comfortably accommodates 90 patrons, with additional seating at the bar and mezzanine. Upstairs, three versatile event spaces offer ample room for a variety of functions, all conveniently accessible via a newly installed elevator. This turnkey operation includes all equipment and furnishings, making it an ideal opportunity for immediate occupancy and revenue generation. The property sits on a 0.45-acre lot, providing ample space and potential for future expansion. Priced at $2,900,000, this exceptional property offers a rare blend of history, character, and modern functionality. Don't miss this chance to own a piece of Petersburg's rich heritage and a thriving commercial enterprise.