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Property profile & analytics
FOR SALE
Commercial real estate

118 S Main St Palestine, IL 62451

Individually Owned Absentee Owner Free & Clear
Property ID
US28-4632475
Property summary
AI-generated overview

This turnkey restaurant in Palestine, IL, presents a unique investment opportunity. Located on Main Street, this 1,700 square foot establishment boasts high visibility and foot traffic. Built in 1900, the property sits on a 0.08-acre lot (APN: 06-4-34-044-072-000) and is zoned COM. The interior features a fully equipped kitchen and ample seating for 75+ patrons. All operations are compliant with state and local ordinances. This prime location offers significant potential for growth within a thriving community, making it an ideal choice for an established or aspiring restaurateur. The asking price is $139,900. This property represents a chance to acquire a well-established business in a desirable location with significant upside potential. The property's history and prime location combine to create a truly unique opportunity for a buyer looking to enter the restaurant industry or expand their existing portfolio. The property is ready for immediate operation, minimizing start-up costs and maximizing return on investment. Don't miss this chance to own a piece of Palestine's vibrant Main Street.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 06-4-34-044-072-000
UPID US28-4632475
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
  • HOME PLATE Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
CYNTHIA BANTICAN
CYNTHIA BANTICAN
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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