402 Madison St Lebanon, IL 62254-1609

Property Details for 402 Madison St

Year built

1951

Construction

WOOD

Lot size

0.06 lot acres

Property size

2,262 SF

Property type

Commercial real estate

APN

05-19-0-421-001

APU

5190421001

Description

This exceptional commercial property, located at 402 S Madison Street in Lebanon, Illinois, presents a unique investment opportunity. The building, situated on a 0.12-acre lot, previously housed a successful Italian restaurant with a seating capacity of approximately 85 patrons. A distinct banquet room, easily separated from the main dining area, adds versatility and potential for increased revenue streams. The property is being sold "as is," meaning the seller will not undertake any repairs or improvements to meet occupancy requirements. This presents a chance for a buyer to customize the space to their specific needs and vision. The sale includes both parcels 05-19.0-421-001 and -002, as reflected in the total acreage and tax information. The property's prime location in a high-traffic area offers significant potential for a variety of commercial uses, making it an attractive investment for both established businesses and entrepreneurs seeking a ready-made space. The building's existing infrastructure provides a solid foundation for immediate occupancy, allowing for a swift transition and commencement of operations. This is a rare opportunity to acquire a well-situated commercial property with significant potential for growth and profitability in a thriving community. The asking price is $185,000. Serious inquiries are encouraged.