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    101 Main St Elizabethtown, IL 62931

    For Sale
    $89,000

    Established Restaurant, High Traffic Location, Illinois

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Prime commercial real estate opportunity in Elizabethtown, Illinois. This turnkey restaurant, located at the main intersection of Main Street and Route 146, boasts a 5,000 square foot building and has been a community staple for over 40 years. Benefitting from high visibility and strong local and seasonal tourist traffic, this well-established business is ready for a new owner. All owned restaurant equipment, furnishings, and current inventory are included in the asking price of $89,000. While some updating and repairs are recommended, the building remains fully functional. The property is situated just a block from the Ohio River, offering additional exposure and appeal. This presents a unique chance to acquire a profitable, established restaurant with significant potential for growth and modernization. The land and building are being sold together as a complete package. This is an exceptional opportunity for an entrepreneur seeking to establish or expand their presence in a thriving community.

    Property Features for 101 Main St

    General Information

    Property type
    Restaurants

    HighLights

    • Turnkey restaurant in Elizabethtown, IL, at Main Street & Route 146 intersection.
    • 5,000 sq ft building, established for over 40 years.
    • High visibility, strong local & tourist traffic.
    • $89,000 asking price includes all equipment, furnishings, and inventory.
    • Some updates/repairs recommended, but fully functional.
    • One block from the Ohio River.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Banterra Bank Bank

    Suggested Use

    Law Firm Restaurant Grocery Store Building Supply Hotel & Motel Wholesale Shop Bar & Pub Wine and Liquor Store Bed & Breakfast Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Elizabethtown
    County
    Hardin
    State
    Illinois
    Longitude
    -88.3047319
    Latitude
    37.4459392

    Nearby Comparable

    • $85,000

      Elizabethtown Commercial Land Opportunity

      Church Building, Huge Potential, $85k
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    • $189,500
      40.00 Acres

      Hardin County Farmland and Recreation

      40 acres of farmland and recreational land in Illinois.
      121 Decker Spg Rd, Elizabethtown, IL 62931
      View Details

    Nearby Similar for Sale

    • $239,900
      1,748 SF

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, High Traffic Location, Illinois
    Where is this restaurant located?
    The property is located at 101 Main St Elizabethtown, IL.
    What is the asking price?
    The asking price for this property is $89,000.
    What are key features of this property?
    This property features: Turnkey restaurant in Elizabethtown, IL, at Main Street & Route 146 intersection.; 5,000 sq ft building, established for over 40 years.; High visibility, strong local & tourist traffic.
    Request Owner's contact information
    101 Main St Elizabethtown, IL 62931
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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 Elizabethtown, IL 62931
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