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Property profile

230 St Louis St Lebanon, IL 62254

OFF-MARKET
Retail properties & Spaces
3,344 SF 0.04 ac lot Built 1868
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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

Location

230 St Louis St Lebanon, IL 62254
Lebanon metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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