Restaurant Property with
For Lease
$275,000
134 E Market Street, Colchester, IL 62326
Three-building commercial property combines restaurant improvements with two upstairs apartments.
Space SizeContact for details
Days on Market29
Property Features for 134 E Market Street
General Information
Standard status
Active
Property subtype
Commercial
Additional Details
Space Use
Restaurant
Seating Capacity
84
Taxes and HOA fees
Annual Taxes
$2,046
Building Details
Year Built
1890
Year Renovated
2021
Listing Agency:
Key, REALTORS
Listed By:
Paula Clark (clarkp@adams.net)
Source:
Curveyrealestate
Added: Aug 4
Changed: Aug 30
Last Checked: Aug 31 at 5:03PM
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 Key, REALTORS
Investment Insights
Based on property information with market context.
Located at 134 E Market Street in Colchester, this three-building property includes an established restaurant layout, two upstairs apartments, and an occupied beauty shop on the lower level of one building. The restaurant was remodeled in 2021, with a new furnace and central air added in 2024.
Restaurant improvements include a walk-in cooler and freezer, prep space, dry storage, office space, kitchen equipment, cookware, fixtures, tables, chairs, booths, and seating for 52, with additional booths for approximately 32 more people. Each apartment contains 2 bedrooms, and both units have solar panels; one also received a new furnace in 2024. The lower level of the second building is available for potential rental use.
Restaurant improvements include a walk-in cooler and freezer, prep space, dry storage, office space, kitchen equipment, cookware, fixtures, tables, chairs, booths, and seating for 52, with additional booths for approximately 32 more people. Each apartment contains 2 bedrooms, and both units have solar panels; one also received a new furnace in 2024. The lower level of the second building is available for potential rental use.
Key Highlights
- Three buildings included at 134 E Market Street, Colchester, IL 62326
- Restaurant remodeled in 2021 with new furnace and central air in 2024
- Restaurant seating for 52, plus additional booths for approximately 32 more people
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 62326, IL
2,255
Population
1,072
Households
2.1
Avg Household Size
46
Median Age
30%
College-Educated
95%
High-School Grad
77.3 sq mi
ZIP Area
29
Density / Sq Mi
$65,048
Median Household Income
$40,532
Median Earnings
$654
Median Rent
$116,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Three-building commercial property combines restaurant improvements with two upstairs apartments.
Where is this conventional restaurant located?
The property is located at 134 E Market Street Colchester, IL.
What is the lease rate?
The lease rate is $275,000.
What are key features of this property?
This property features: Three buildings included at 134 E Market Street, Colchester, IL 62326; Restaurant remodeled in 2021 with new furnace and central air in 2024; Restaurant seating for 52, plus additional booths for approximately 32 more people
