Aledo Restaurant Location with
For Sale
Contact for pricing
213 S College Avenue, Aledo, IL 61231
Historic downtown Aledo restaurant with apartments for sale.
Property Size3,600 SF
Price / SF$69.44
Days on Market93
Property Features for 213 S College Avenue
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Mixed Use, Retail
Zoning
COMMR
Building Details
Year Built
1900
Stories
2
Units
4
Listing Agency:
EXP REALTY, LLC
(309) 582-6425
Listed By:
Starr Fell · License #471.017922/B64443000
Source:
Crexi
Added: May 12
Changed: Aug 8
Last Checked: Aug 11 at 6:48PM
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 EXP REALTY, LLC
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
Current Use
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 61231, IL
5,291
Population
2,344
Households
2.3
Avg Household Size
46
Median Age
22%
College-Educated
95%
High-School Grad
153.5 sq mi
ZIP Area
34
Density / Sq Mi
$66,389
Median Household Income
$42,116
Median Earnings
$772
Median Rent
$141,200
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 - 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.
