Restaurant with Commercial
For Sale
$99,900
118 S Main St, Palestine, IL 62451
Commercial Sale, Palestine, IL
Property Size1,862 SF
Lot Size0.08 Acres
Price / SF$53.65
Days on Market113
Property Features for 118 S Main St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
2
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 1
High school district
Palestine CUSD 3
Standard status
Active
APN
06-4-34-044-072-000
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
Amenities
storage shed
Building Details
Year built
1900
Floors in Building
1
Flooring type
Hardwood, Tile
Building materials
Vinyl Siding, Brick
Roof type
Rubber
Listing Agency:
Aldrich Realty
(618) 592-3118
Listed By:
Ruth Renee Williams
(618) 562-2274
Added: May 24
Changed: Sep 12
Last Checked: Sep 13 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 restaurant property combines two buildings with 1,862 square feet of space and room for approximately 75 guests. The layout includes dining space, a bar, kitchen, storage, two bathrooms, and a rear storage shed with three stand-up freezers. Food-service equipment includes a pizza oven and sheeter, flat-top grill, deep fryers, double oven, exhaust hood, cold-prep table, refrigerators, freezers, ice machine, salad bar, hot bar, tables, chairs, and register.
The property sits at 118 S Main St in Palestine, Illinois, on a 0.08-acre lot. Built in 1900, the building has vinyl siding and brick construction, hardwood and tile flooring, a rubber roof, natural gas forced-air heat, and public water. The restaurant is offered for sale with the listed furnishings, fixtures, and equipment.
The property sits at 118 S Main St in Palestine, Illinois, on a 0.08-acre lot. Built in 1900, the building has vinyl siding and brick construction, hardwood and tile flooring, a rubber roof, natural gas forced-air heat, and public water. The restaurant is offered for sale with the listed furnishings, fixtures, and equipment.
Key Highlights
- Combined restaurant property with 1,862 square feet
- Approximately 75‑guest capacity
- Pizza oven, pizza sheeter, flat‑top grill, deep fryers, and double oven
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
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
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Market
Vacancy Rate% for Retail in Midwest region
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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.
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: Combined restaurant property with 1,862 square feet; Approximately 75‑guest capacity; Pizza oven, pizza sheeter, flat‑top grill, deep fryers, and double oven
