213 S College Avenue Aledo, IL 61231

Building Details

Year Built

1900

Listing office EXP REALTY, LLC

Listing date May 12, 2026

Source Crexi

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Investment Insights

Based on property information with market context.

Located in the heart of historic downtown Aledo, Illinois, this restaurant location presents a unique opportunity for a new owner. Situated across from Central Park, the property benefits from high traffic due to various festivals and events that attract visitors from across the nation. The recent opening of a movie theater next to Central Park further enhances the location's appeal as a pre-movie dining spot. The property has benefited from a recent major facelift in historic downtown Aledo, increasing its business potential. College Avenue hosts a variety of businesses, including thrift stores, antique stores, restaurants, banks, hair salons, local businesses, a pharmacy, a flooring store, medical offices, the post office, and bars. The building includes three apartments upstairs, offering additional potential revenue. Originally two separate buildings, one approximately 1,980 square feet and the other approximately 1,620 square feet on the main level, they are now connected by an open walkway between the dining rooms. This building offers multiple possibilities.

Key Highlights

• Prime location in the heart of historic downtown Aledo, across from Central Park, a hub for festivals and events.
• High‑traffic area attracting locals, travelers, and visitors.
• Proximity to the new movie theater, creating a pre‑movie dining opportunity.

Property Analytics

Property Profile Location Intelligence

FAQs

What type of property is this?

Conventional restaurant - Historic downtown Aledo restaurant with apartments for sale.

Where is this conventional restaurant located?

The property is located at 213 S College Avenue Aledo, IL.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: Prime location in the heart of historic downtown Aledo, across from Central Park, a hub for festivals and events.; High‑traffic area attracting locals, travelers, and visitors.; Proximity to the new movie theater, creating a pre‑movie dining opportunity.