Back to Search

For sale
Conventional restaurants
IL
Marseilles
61341
237 Commercial St

Marseilles Commercial Building For Sale

237 Commercial St, Marseilles, IL 61341

View on Map

For Sale

Contact for pricing

2,400 SF building in Marseilles' Central Business District.

Type:Office, Retail, Special Purpose

Property size:

1,974 SF

Lot size:

1.61 Acres

Price / SF:

$217/SF

HighLights

Prime location in the heart of Marseilles, one block from the Central Business District.
Flexible M‑Manufacturing zoning allows for restaurant, retail, office, or service‑based business.
Well‑maintained 2,400 sq ft building constructed in 2013.
Equipped with existing restaurant infrastructure: dining area, kitchen/prep space, order counter, and ADA restrooms.
Features two 200‑amp electrical services, two HVAC units, and a drive‑up window.
Large 1.61 acre lot with frontage on Commercial Street, near the Illinois River and Starved Rock Country.

We can help!

Contact an agent

George Shanley

For Sale

Contact for pricing

2,400 SF building in Marseilles' Central Business District.

Type:Office, Retail, Special Purpose

Property size:

1,974 SF

Lot size:

1.61 Acres

Price / SF:

$217/SF

Added:: Feb 3, 2026
Days on Market:: 144
Last Refresh:: Mar 17 at 1:14 pm

Property Features for 237 Commercial St

General Information

Standard status: Active
Size: 1,974 SF
Lot size: 1.61 Acres
Property subtype: Office, Retail, Special Purpose

Building Details

Year Built: 2013

We can help!

Contact an agent

George Shanley

Listing office Coldwell Banker Real Estate Group Ottawa

Listing date Feb 3, 2026

Source Crexi

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 Real Estate Group Ottawa

HighLights

Prime location in the heart of Marseilles, one block from the Central Business District.
Flexible M‑Manufacturing zoning allows for restaurant, retail, office, or service‑based business.
Well‑maintained 2,400 sq ft building constructed in 2013.
Equipped with existing restaurant infrastructure: dining area, kitchen/prep space, order counter, and ADA restrooms.
Features two 200‑amp electrical services, two HVAC units, and a drive‑up window.
Large 1.61 acre lot with frontage on Commercial Street, near the Illinois River and Starved Rock Country.

Overview

This 2,400 sq ft building is located one block from the main area in the Central Business District of Marseilles. Constructed in 2013, the building has a solid wood frame with a brick veneer exterior on a slab foundation and a truss roof system with shingles. Originally designed for a Subway restaurant, the interior layout includes a dining area, kitchen and prep space, order counter, and two ADA-compliant restrooms. Additional rooms include an office, mudroom, and utility area. The property features two 200-amp electrical services, two HVAC units, direct and indirect lighting, and a drive-up window. The property is zoned M-Manufacturing, offering flexibility for restaurant, retail, office, or service-based businesses. Situated on 1.61 acres with frontage along Commercial Street, the property is near the Illinois River and Illini State Park, and minutes from Starved Rock Country and Heritage Harbor.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$37.4k	$18.96
− Vacancy	−$2.3k	−$1.18
EGI	$35.1k	$17.78
− OpEx	−$8.8k	−$4.45
NOI	$26.3k	$13.34

1,974 SF · lease $18.96/SF/yr · vacancy 6.20% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$376.1K

$329.1K – $438.8K (±1% cap)

NOI $26,330 @ 7.0% cap · market cap 6.12%

Second Best

Office B

$328.9K

$287.8K – $383.8K (±1% cap)

NOI $23,025 @ 7.0% cap · market cap 5.35%

Theoretical Best

Office A

$494.1K

$432.3K – $576.4K (±1% cap)

NOI $34,584 @ 7.0% cap · market cap 8.04%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Subway Take-out & Catering

Suggested Use

Location Insight

Map
Local Demand

City: Marseilles
County: LaSalle
State: Illinois
Longitude: -88.710934
Latitude: 41.327351

Nearby Similar for Sale

$1,050,000

375,000 SF

Nine-Story Building with River Views

375,000 sq ft building in enterprise zone.

224 Main Street, Marseilles, IL 61341

View Details
$199,000

2,500 SF

Free-Standing Building in Marseilles

2,500 SF building on 0.88 acres, business zoning.

1245 E Bluff Street, Marseilles, IL 61341

View Details
$199,000

2,500 SF

Free-Standing Retail Building For Sale

2,500 SF free-standing building in vibrant Marseilles area.

1245 E Bluff, Marseilles, IL 61341

View Details
$425,000

5,535 SF

Turnkey Bowling Alley For Sale

Established bowling alley with bar, gaming, and rental income.

331 Main Street, Marseilles, IL 61341

View Details

For sale
Conventional restaurants
IL
Marseilles
61341
237 Commercial St

What type of property is this?

Conventional restaurant - 2,400 SF building in Marseilles' Central Business District.

Where is this conventional restaurant located?

The property is located at 237 Commercial St Marseilles, IL.

What is the asking price?

The asking price for this property is $430,000.

What are key features of this property?

This property features: Prime location in the heart of Marseilles, one block from the Central Business District.; Flexible M‑Manufacturing zoning allows for restaurant, retail, office, or service‑based business.; Well‑maintained 2,400 sq ft building constructed in 2013.