105 Main St Palestine, IL 62451-1263
This exceptional opportunity presents a 1,330 square foot office space located at 105 S Main St, Palestine, IL 62451. Housed within an original, historic Mesker building, this property currently operates as a successful pizza parlor, offering a turnkey business venture for an ambitious entrepreneur. The business, formerly known as Llama's Pizza and currently operating as Homeslice Pizza, boasts decades of success in the community. While primarily operating as carry-out and delivery due to ongoing renovations in the dining area, most materials needed to complete these renovations are already on-site. The sale includes all existing equipment, appliances, and supplies. The seller will provide a comprehensive list of inventory, equipment, supplies, financial records, and a plumbing inspection report upon request. This is a rare chance to acquire an established business in a charming historic building, ready for immediate operation or further development. The asking price for this unique property is $95,000. The property is situated in Palestine, Illinois, offering a strong foundation for continued success. This is a fantastic opportunity for someone looking to own and operate a thriving business in a well-established location. The property's prime location and historic character make it an attractive investment. The existing infrastructure and equipment provide a solid base for immediate operation, minimizing start-up costs and maximizing potential returns. Don't miss this chance to own a piece of Palestine's history and a profitable business.
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Homeslice Pizza Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.