Turnkey Restaurant & Multi-Unit
For Sale
$550,000
105 S Jefferson St, Millstadt, IL 62260
Turnkey restaurant and multi-unit income property on a high-visibility corner.
Property Size16,553 SF
Lot Size0.38 Acres
Price / SF$33.23
Days on Market186
Property Features for 105 S Jefferson St
General Information
Standard status
Active
Property type
Mixed-use properties, Conventional restaurants, Multifamily properties
Size
16,553 SF
Class
B
Total Parking Spaces
35
Lot size
0.38 Acres
Building Details
Year Built
1960
Buildings
2
Stories
2
Listed By:
Jennifer Sukup
(618) 570-0741
Added: Apr 3
Changed: Apr 8
Investment Insights
Based on property information with market context.
This mixed-use property is located in Millstadt, Illinois, and features a turnkey restaurant and multi-unit income property on a high-visibility corner lot. The property includes a fully operational restaurant space with a pizza oven, salad bar, walk-ins, two dining rooms, a private office, and a gaming room with space for 6 machines (pending approval). There is ample outdoor parking with room for outdoor seating expansion. In addition to the restaurant, the property includes three additional income-producing units: a 1,600 sq ft commercial space (occupied), a large 2-bedroom apartment (occupied), and a 400 sq ft storage unit (leased). The property has a new roof (2019), and stable tenants. The restaurant is fully equipped and ready for takeover or rebranding. The property is ideal for investors, operators, and hospitality groups. The seller is open to creative structures, including a lease-to-own option for the restaurant business as a stand-alone opportunity. The property is located minutes from St. Louis and a short drive to Scott Air Force Base, benefiting from strong local traffic, regional visitors, and Millstadt’s growing restaurant and hospitality scene. The lot size is 0.38 acres.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Explore this area
Business Placement
Demographics for 62260, IL
7,162
Population
2,863
Households
2.5
Avg Household Size
46
Median Age
31%
College-Educated
98%
High-School Grad
43.9 sq mi
ZIP Area
163
Density / Sq Mi
$93,929
Median Household Income
$52,766
Median Earnings
$1,000
Median Rent
$229,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Turnkey restaurant and multi-unit income property on a high-visibility corner.
Where is this mixed-use property located?
The property is located at 105 S Jefferson St Millstadt, IL.
What is the asking price?
The asking price for this property is $550,000.
