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Turnkey Restaurant Bar Opportunity
For Sale
$225,000

204 W Gallatin Street, Vandalia, IL 62471

Operating as The Redwood with a fully functioning commercial kitchen, two walk-in coolers, and ample storage for immediate use.

Property Size3,240 SF
Days on Market149

Property Features for 204 W Gallatin Street

General Information

Standard status Active
Size 3,240 SF
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $4,242

Building Details

Building Size 3,240 SF
Year Built 1960
Buildings 1
Stories 1
Listing Agency: Fayette County Real Estate
Listed By: Kelly Washburn · License #471002525
Source: Exit2newbeginningz
Added: Mar 28 Changed: Aug 23 Last Checked: Aug 23 at 6:42AM

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 Fayette County Real Estate

Investment Insights

Based on property information with market context.

This property is currently operating as The Redwood and is being offered with a turnkey setup. The space includes a fully functioning commercial kitchen, two walk-in coolers, and ample storage throughout to support day-to-day operations.

It is positioned for high visibility in a prime, high-traffic location. Contents are negotiable, and the layout is presented as ready for immediate use as a bar, restaurant, or similar establishment.

For buyers looking for an operational foundation, the existing kitchen equipment and refrigeration provide a practical starting point for continuing the current use or adjusting the concept within the same general service functions.

Key Highlights

  • Currently operating as The Redwood
  • Fully functioning commercial kitchen for immediate bar or restaurant use
  • Includes two walk‑in coolers

Property Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Real Estate Agency Storage Facility Building Supply (Bike/Boat/Book/etc) Store Furniture & Home Goods Locksmith

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

Location Intelligence

Trade Area within ½ mile

308
Businesses Nearby
Well-served
Demand for This Use

Demographics for 62471, IL

10,530
Population
4,025
Households
2.6
Avg Household Size
40
Median Age
20%
College-Educated
88%
High-School Grad
128.2 sq mi
ZIP Area
82
Density / Sq Mi
$58,810
Median Household Income
$33,286
Median Earnings
$739
Median Rent
$119,800
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
Rey
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Similar Off Market Nearby

  • Witness Distillery 330 W Gallatin St, Vandalia, IL 62471
  • Redwood Inn 204 W Gallatin St, Vandalia, IL 62471
  • Circle K 127 W Gallatin St, Vandalia, IL 62471
  • Harrys 66 Liquor 110 W Gallatin St, Vandalia, IL 62471

Frequently Asked Questions

What type of property is this?
Bar & Pub - Operating as The Redwood with a fully functioning commercial kitchen, two walk-in coolers, and ample storage for immediate use.
Where is this bar & pub located?
The property is located at 204 W Gallatin Street Vandalia, IL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Currently operating as The Redwood; Fully functioning commercial kitchen for immediate bar or restaurant use; Includes two walk‑in coolers
More about this property
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