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Historic Restaurant and Patio
For Sale
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400 4th St W, Milan, IL 61264

Small building used as a coffee shop and deli with an open interior, plus an outdoor patio option.

Property SizeContact for details
Days on Market119

Property Features for 400 4th St W

General Information

Standard status Active
Property subtype Retail
Listing Agency: Keller Williams 1Advantage
Listed By: Jerry Wolking · License #475144713
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 21 at 9:18PM

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 Keller Williams 1Advantage

Investment Insights

Based on property information with market context.

This small, character-filled building has been used as a coffee shop and deli for the past 15 years. The interior is set up with great open space, and the layout can be adapted to many uses. Outdoor patio space is also available.

Recent improvements include a roof and furnace replacement within the past three years, and the parking lot was resurfaced in 2020.

The property is being offered for sale and presents as a compact standalone building with parking and flexible use for an operator or buyer looking for a built-in footprint to work from.

Key Highlights

  • Small building used as a coffee shop and deli for the past 15 years
  • Open interior layout offers flexibility for adaptable uses
  • Outdoor patio available

Property Analytics

Current Use

Coffee shops

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Electrical Service Parking Lot & Garage Furniture & Home Goods

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

476
Businesses Nearby
108k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Groceries 42% Dining 41% Shops & Services 15% Electronics 2%
Hy-Vee Groceries
45,467 visits/mo 0.4 miles
McDonald's Dining
22,596 visits/mo 0.2 miles
Hardee's Dining
6,565 visits/mo 0.2 miles
Dollar General Shops & Services
4,692 visits/mo 0.2 miles
Happy Joe's Dining
4,680 visits/mo 0.4 miles

Demographics for 61264, IL

10,157
Population
4,978
Households
2
Avg Household Size
47
Median Age
23%
College-Educated
91%
High-School Grad
68.9 sq mi
ZIP Area
147
Density / Sq Mi
$78,285
Median Household Income
$50,389
Median Earnings
$832
Median Rent
$147,700
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

  • Starbucks 201 10th Ave W, Milan, IL 61264
  • Cool Beanz- Milan 120 10th Ave E, Milan, IL 61264

Frequently Asked Questions

What type of property is this?
Coffee shop - Small building used as a coffee shop and deli with an open interior, plus an outdoor patio option.
Where is this coffee shop located?
The property is located at 400 4th St W Milan, IL.
What are key features of this property?
This property features: Small building used as a coffee shop and deli for the past 15 years; Open interior layout offers flexibility for adaptable uses; Outdoor patio available
More about this property
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