You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Retail properties & Spaces

230 St Louis St Lebanon, IL 62254

3,344 SF 0.04 ac lot Built 1868
Property ID
Property summary
AI-generated overview

This exceptional turnkey opportunity in historic Lebanon, IL, presents a charming, fully furnished restaurant and a spacious 3-bedroom, 2-bathroom bed and breakfast suite. The main level restaurant boasts a vintage soda fountain theme, complete with commercial-grade kitchen equipment, creating an inviting atmosphere. Upstairs, the B&B features a large living room, kitchenette, and laundry facilities, perfect for owner occupancy or short-term rentals. The 3,344 square foot, two-story building, constructed in 1868 and renovated in 1970, sits on a 0.04-acre lot and is zoned for commercial business use. Its prime location near McKendree University, Scott Air Force Base, MidAmerica Airport, and Boeing's new facility ensures consistent customer traffic. This unique property offers a blend of hospitality and retail, making it an ideal investment for aspiring restaurateurs or savvy investors seeking a profitable, established business in a thriving community. The asking price is $695,000. All information should be verified by the buyer or buyer's agent.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1868
Total area 3,344 SF
Lot 0.04 ac (1,742 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 230 St Louis St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message