Turnkey Dual-Building
118 S Main St Palestine, IL 62451
118 S Main St, Palestine, IL, 62451
$99,900
For Sale
$99,900
COMMERCIAL - Palestine, IL
Property Size1,862 SF
Lot Size0.08 Acres
Price / SF$53.65
Days on Market60
Property Features for 118 S Main St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Standard status
- Active
- Size
- 1,862 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1031
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 1
- Flooring type
- Tile, Hardwood
- Building materials
- Vinyl Siding, Brick
- Roof type
- Rubber
Listing agency
Aldrich Realty
(618) 592-3118
Listed by
Ruth Renee Williams · License #471002817
(618) 562-2274
Added: May 24 Updated: Jul 2 at 5:05PM Checked: Jul 22 at 4:06AM
MLS# 11781358
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey restaurant property features a combined dual-building setup designed to operate as a full service concept. The space is described as comfortable for approximately 75 guests and includes both front-of-house and kitchen improvements. Front-of-the-house elements include a new bar with seating, tables and chairs, a register, and salad and hot bar stations. The kitchen is equipped with an operational line that includes a flat top grill with a newer exhaust hood, deep fryers, a double oven, multiple cold prep and refrigeration units, and additional freezer capacity. Pizza setup is supported by a pizza oven and pizza sheeter. Out back, the property also includes an additional storage shed with three stand-up freezers.
The buildings are located on historic Main St in Palestine, IL. The listing describes the property as a single offering combining the restaurant facilities into one purchase.
For buyers seeking a restaurant space that is already outfitted with core cooking, prep, and refrigeration equipment, this configuration supports a range of food service concepts. The built-in kitchen and dining area make the property particularly relevant for operators looking to start up with the equipment package already in place, rather than sourcing many replacements before opening.
The buildings are located on historic Main St in Palestine, IL. The listing describes the property as a single offering combining the restaurant facilities into one purchase.
For buyers seeking a restaurant space that is already outfitted with core cooking, prep, and refrigeration equipment, this configuration supports a range of food service concepts. The built-in kitchen and dining area make the property particularly relevant for operators looking to start up with the equipment package already in place, rather than sourcing many replacements before opening.
Key Highlights
- Dual‑building restaurant property on historic Main St in Palestine with capacity for around 75 guests
- Includes extensive restaurant equipment: pizza oven, pizza sheeter, flat top grill, newer exhaust hood, deep fryers, and double oven
- Hot line and kitchen equipment includes a newer cold prep table, 6 refrigerators, and 5 freezers
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
HOME PLATE
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Combined restaurant buildings offered with extensive kitchen equipment and front-of-house buildout for an easy operating transition.
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: Dual‑building restaurant property on historic Main St in Palestine with capacity for around 75 guests; Includes extensive restaurant equipment: pizza oven, pizza sheeter, flat top grill, newer exhaust hood, deep fryers, and double oven; Hot line and kitchen equipment includes a newer cold prep table, 6 refrigerators, and 5 freezers
