Dual-Building Restaurant
For Sale
$99,900
118 S Main St, Palestine, IL 62451
Two combined buildings offer dining space, a commercial kitchen, bar seating, and extensive food-service equipment.
Property Size1,862 SF
Price / SF$53.65
Days on Market99
Property Features for 118 S Main St
General Information
Standard status
Active
Size
1,862 SF
Property subtype
Commercial Building
Amenities
Lot Size Acres: 0.08
Rubber Roof
Sewer Type: Municipal
Total Taxes: $1,031, Tax Year: 2025, Percentage of Tax that is Deductable: 0
Hardwood Floor, Tile Floor
Has Central AC: 1, Wall/Window AC: 1
Forced Air Heating, Gas Heat Fuel
Sale, Sale Type: Foreclosure, Availability Date: 2026-05-24
School District: Palestine CUSD 3
Basement Type: Crawl
One Story, Built in 1900
Property Zone Type: 200, Above Area Square Feet: 1862
2 Half Baths
Water Source: Municipal
Construction Type: Masonry - Brick
Brick Siding, Vinyl Siding
Building Details
Year Built
1900
Listing Agency:
Aldrich Realty
(618) 592-3118
Listed By:
Ruth Williams
(618) 592-3118
Source:
Doyle-realty
Added: May 24
Changed: Aug 29
Last Checked: Aug 29 at 3:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Aldrich Realty
Investment Insights
Based on property information with market context.
This 1,862-square-foot restaurant property comprises two combined buildings and was constructed in 1900. The layout includes guest seating for around 75, a dining area, bar seating, kitchen facilities, food-service areas, and front-of-house equipment. A separate storage shed adds three stand-up freezers.
The kitchen package includes a pizza oven, pizza sheeter, flat-top grill, deep fryers, double oven, cold-prep table, newer exhaust hood, six refrigerators, and five freezers. Front-of-house equipment includes a bar, tables, chairs, register, salad bar, hot bar, and newer ice machine. The property is located at 118 S Main St in Palestine, Illinois, near Palestine Grade School and Palestine High School.
The kitchen package includes a pizza oven, pizza sheeter, flat-top grill, deep fryers, double oven, cold-prep table, newer exhaust hood, six refrigerators, and five freezers. Front-of-house equipment includes a bar, tables, chairs, register, salad bar, hot bar, and newer ice machine. The property is located at 118 S Main St in Palestine, Illinois, near Palestine Grade School and Palestine High School.
Key Highlights
- 1,862 SF restaurant property with two combined buildings
- Guest seating for around 75
- Pizza oven, pizza sheeter, flat‑top grill, deep fryers, and double oven
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
9k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Casey's General Store
Shops & Services
5,295 visits/mo
0.4 miles
Dollar General
Shops & Services
3,285 visits/mo
0.4 miles
Demographics for 62451, IL
1,972
Population
907
Households
2.2
Avg Household Size
46
Median Age
14%
College-Educated
94%
High-School Grad
63.2 sq mi
ZIP Area
31
Density / Sq Mi
$60,991
Median Household Income
$38,909
Median Earnings
$743
Median Rent
$85,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two combined buildings offer dining space, a commercial kitchen, bar seating, and extensive food-service equipment.
Where is this conventional restaurant located?
The property is located at 118 S Main St Palestine, IL.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: 1,862 SF restaurant property with two combined buildings; Guest seating for around 75; Pizza oven, pizza sheeter, flat‑top grill, deep fryers, and double oven
