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 m***@gmail.com Show Phone

Listed By: Ruth Renee Williams · License #471002817 Show Phone

Added: May 24 Changed: Aug 28 Last Checked: Aug 30 at 9:06PM

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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 conventional restaurant property combines two buildings with 1,862 square feet of space and seating for around 75 guests. The layout includes dining areas, a bar, kitchen, storage, and two bathrooms. Food-service improvements include a pizza oven, pizza sheeter, flat-top grill, deep fryers, double oven, cold prep table, refrigerators, freezers, salad bar, hot bar, register, and ice machine. A rear storage shed provides three stand-up freezers.

The property occupies 0.08 acres at 118 S Main St in Palestine, Illinois. The building dates to 1900 and features vinyl siding and brick construction, tile and hardwood flooring, a rubber roof, natural gas forced-air heat, and public water. The equipment and existing restaurant configuration are included with the sale.

Key Highlights

• 1,862‑square‑foot restaurant property with seating for around 75 guests
• Combined dual‑building layout with dining, bar, kitchen, storage, and two bathrooms
• Pizza oven, pizza sheeter, flat‑top grill, deep fryers, and double oven included

Property Analytics

Property Profile

Current Use

HOME PLATE Restaurant

Suggested Use

Top Pick Building Supply Auto Repair Shop Pharmacy Grocery & Convenience Store Locksmith Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Commercial hood

Location Intelligence

Trade Area within ½ mile

132

Businesses Nearby

5k

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 0.5 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

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar For Sale Nearby

Historic Pizza Parlor Building

105 S Main St, Palestine, IL 62451

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1,330 SF

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Dual-Building Restaurant Property

118 S Main St, Palestine, IL 62451

$99,900

1,862 SF

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Combined restaurant buildings with dining, bar, kitchen, storage, and extensive food-service equipment in place.

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‑square‑foot restaurant property with seating for around 75 guests; Combined dual‑building layout with dining, bar, kitchen, storage, and two bathrooms; Pizza oven, pizza sheeter, flat‑top grill, deep fryers, and double oven included