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    101 Main St Troy, IL 62294

    For Lease
    Contact for pricing

    Prime Troy location, multiple spaces available

    Lot size:
    4,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Class A property, located at 101 & 103 N Main St in Troy, IL, offers 4,800 square feet of versatile space, currently entirely vacant. Built in 1965 and extensively renovated in 2024, the building features a desirable mixed-use zoning (C4 - Downtown Mixed-Use Commercial) and boasts a 15-foot ceiling height. The property includes a total of 25 parking spaces and sits on a 0.45-acre lot. Multiple tenancy options are available, ranging from a minimum divisible space of 320 square feet to a maximum contiguous space of 2,300 square feet. One notable space is a turn-key restaurant space encompassing 2,300 square feet, complete with a 2,200 square foot covered patio. Another option is a 320 square foot shipping container building featuring a drive-thru. This prime location at the intersection of Main and Market Streets in downtown Troy offers unparalleled visibility and access to a thriving community. The property's recent renovation ensures modern amenities and functionality, making it an ideal space for a variety of businesses. The Madison County location and convenient access to major transportation routes further enhance its appeal. This is a unique opportunity to secure a highly desirable commercial space in a vibrant downtown setting. APN: 09-2-22-09-07-204-010.

    Property Features for 101 Main St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,800 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1965/2024

    Unit(s) available at that property

    Space
    Restaurant
    Size
    2,300 SF
    Space
    Covered patio
    Size
    2,200 SF
    Space
    Drive-Thru
    Size
    320 SF

    HighLights

    • 4,800 SF Class A mixed‑use building at 101 & 103 N Main St, Troy, IL.
    • Recently renovated (2024) with 15' ceilings and 25 parking spaces on a 0.45‑acre lot.
    • C4 Downtown Mixed‑Use zoning allows for multiple tenancy options.
    • Divisible spaces from 320 SF to a maximum of 2,300 SF contiguous.
    • Includes a 2,300 SF turn‑key restaurant space with a 2,200 SF covered patio and a 320 SF drive‑thru shipping container building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Madison
    State
    Illinois
    Longitude
    -89.8832094
    Latitude
    38.729095

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    FAQs

    What type of property is this?
    Restaurant - Prime Troy location, multiple spaces available
    Where is this restaurant located?
    The property is located at 101 Main St Troy, IL.
    What are key features of this property?
    This property features: 4,800 SF Class A mixed-use building at 101 & 103 N Main St, Troy, IL.; Recently renovated (2024) with 15' ceilings and 25 parking spaces on a 0.45-acre lot.; C4 Downtown Mixed-Use zoning allows for multiple tenancy options.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 Main St Troy, IL 62294
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