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    215 Main St Royalton, IL 62983

    For Sale
    $165,000

    Turnkey Restaurant; Move-in Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This move-in ready commercial property in Royalton, Illinois, presents a fantastic opportunity for entrepreneurs. Located at 215 S MAIN Street, 62983, this retail space is ideal for immediate occupancy, eliminating the need for extensive renovations. The building boasts modern upgrades, including updated plumbing and electrical systems, ensuring a reliable and efficient operation. A high-efficiency HVAC system provides climate control while minimizing energy costs. Security is prioritized with a pre-installed security system, offering peace of mind. The property's suitability for culinary ventures is enhanced by the inclusion of some existing restaurant and bar equipment. A comprehensive inventory list of included supplies is available upon request. This turnkey solution allows businesses to focus on operations rather than construction, making it an exceptional investment opportunity priced at $165,000. The property's prime location in Royalton, Franklin County, offers excellent visibility and accessibility. Don't miss this chance to acquire a fully equipped and secure commercial space ready for immediate use.

    Property Features for 215 Main St

    General Information

    Property type
    Restaurants

    Building Details

    Buildings
    1

    HighLights

    • Move‑in ready commercial space in Royalton, IL.
    • Modern plumbing and electrical systems.
    • High‑efficiency HVAC system.
    • Security system included.
    • Some restaurant and bar equipment included; full inventory list available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Auto Repair Shop Gym & Fitness Bar & Pub Grocery Store Food Market Dry Cleaner Mobile Phone Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Royalton
    County
    Franklin
    State
    Illinois
    Longitude
    -89.1140362
    Latitude
    37.8788426

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    Nearby Similar for Sale

    • $145,000
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      Royalton Commercial Space: Prime Location

      High-Visibility Commercial Building, Ready to Lease
      215 Main St, Royalton, IL 62983
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    • $88,000
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      Historic Royalton Commercial Building

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    FAQs

    What type of property is this?
    Restaurant - Turnkey Restaurant; Move-in Ready
    Where is this restaurant located?
    The property is located at 215 Main St Royalton, IL.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: Move-in ready commercial space in Royalton, IL.; Modern plumbing and electrical systems.; High-efficiency HVAC system.
    Request Owner's contact information
    215 Main St Royalton, IL 62983
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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
    215 Main St Royalton, IL 62983
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