101 Main St Elizabethtown, IL 62931
This exceptional turnkey opportunity presents a well-established restaurant in the heart of Elizabethtown, Illinois. Located at the prime intersection of Main Street and Route 146, this 5,000 square foot building boasts high visibility and consistent traffic from both local residents and seasonal tourists. The restaurant, operating successfully for over 40 years, is a beloved community staple. The sale includes all owned restaurant equipment, furnishings, and existing inventory at the time of closing, making this a truly seamless transition for a new owner. While some updating and minor repairs are recommended, the building remains fully functional and ready for immediate operation. The property's strategic location offers significant advantages, capitalizing on the high volume of traffic passing through this key intersection. Adding to its appeal, the property is just a block away from the Ohio River, further enhancing its visibility and potential for attracting customers. This is a rare chance to acquire a profitable, established business with significant growth potential in a desirable location. Don't miss this opportunity to own a piece of Elizabethtown's history and culinary scene.
-
Banterra Bank Bank Loan Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.