201 Broadway St Central City, IL 62801
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 201 Broadway St
- Year built
- 1923
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This Centralia, IL property at 201 N BROADWAY Street offers a fantastic investment opportunity. The 1923-built property includes two buildings totaling approximately 7000 square feet. The main building, updated in 2022, features a fully equipped restaurant with a large kitchen (including three deep fryers, an eight-burner oven, multiple refrigerators and freezers, and a cold prep table), three banquet areas, a bar with gaming, and four bathrooms (two handicapped accessible). A new Cooking Fire Ansul Suppression system was recently installed. Upstairs, a spacious 3-bedroom, 2-bathroom apartment offers over 2500 square feet of living space with a private entrance. A detached two-car garage (22' x 24') is currently used for storage. The property is zoned for commercial and restaurant use, and its prime location in Central City, IL (zip code 62801) presents significant potential for a thriving business. The asking price is $160,000. This property is ideal for an owner-operator seeking a turnkey restaurant business, or an investor looking for rental income from both the commercial space and the residential apartment.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Central City
- County
- Marion
- State
- Illinois
- Longitude
- -89.1292
- Latitude
- 38.5493
