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Property profile & analytics
OFF-MARKET
Office buildings

105 Main St Palestine, IL 62451-1263

Entity Owned Free & Clear
Property ID
US28-3576436
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
APN 06-4-34-044-016-000
UPID US28-3576436
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
Current use
Occupant on record · Public records
  • Homeslice Pizza Restaurant
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
HARMON PARTNERS
HARMON PARTNERS
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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