Restaurant Building with Banquet
For Sale
Contact for pricing
235 N Locust Street, Centralia, IL 62801
Multi-level restaurant facility with commercial kitchen, event accommodations, accessibility improvements, and a paved parcel in the central business district.
Property SizeContact for details
Days on Market9
Property Features for 235 N Locust Street
General Information
Standard status
Active
Property subtype
Retail
Zoning
COMMR
Amenities
elevator
dumbwaiter
Building Details
Year Built
1958
Buildings
1
Stories
3
Units
1
Construction
steel framed masonry
Listing Agency:
COLDWELL BANKER ALLEN & GEARY
Listed By:
ALAN OWEN · License #475182718
(618) 322-1160
Source:
Crexi
Added: Aug 25
Changed: Sep 1
Last Checked: Sep 1 at 8:40PM
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 COLDWELL BANKER ALLEN & GEARY
Investment Insights
Based on property information with market context.
This restaurant property includes a steel-framed masonry building arranged across three levels. The finished lower level contains a full bar, two dining rooms, a gathering room, commercial kitchen, restrooms, walk-in cooler and freezer, and storage. The main level provides an entry area and office, while the upper level features a 60-by-60-foot banquet room, side bar, restrooms, gathering space, storage, and dumbwaiter service from the kitchen. The building has a 6,000-square-foot structural footprint and approximately 12,000 square feet across the lower and upper levels, with combined permitted occupancy of 418.
A three-stage commercial elevator and entry vestibule were added in 2015. The elevator is current on permitting and supported by a service contract with Otis Elevator Co. The facility sits on just over an acre of paved land in the central business district and is zoned COMMR. Originally built in 1958, the property has hosted private and community events for more than 65 years.
A three-stage commercial elevator and entry vestibule were added in 2015. The elevator is current on permitting and supported by a service contract with Otis Elevator Co. The facility sits on just over an acre of paved land in the central business district and is zoned COMMR. Originally built in 1958, the property has hosted private and community events for more than 65 years.
Key Highlights
- Approximately 12,000 square feet across the lower and upper levels
- 60' x 60' upper‑level banquet and event room with side bar
- Commercial kitchen with walk‑in cooler, freezer, storage, and dumbwaiter service
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
645
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 62801, IL
20,502
Population
9,044
Households
2.3
Avg Household Size
42
Median Age
16%
College-Educated
86%
High-School Grad
134.4 sq mi
ZIP Area
153
Density / Sq Mi
$53,740
Median Household Income
$36,109
Median Earnings
$785
Median Rent
$91,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Multi-level restaurant facility with commercial kitchen, event accommodations, accessibility improvements, and a paved parcel in the central business district.
Where is this conventional restaurant located?
The property is located at 235 N Locust Street Centralia, IL.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Approximately 12,000 square feet across the lower and upper levels; 60' x 60' upper‑level banquet and event room with side bar; Commercial kitchen with walk‑in cooler, freezer, storage, and dumbwaiter service
