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    Altamont, IL
    Restaurants

    Altamont, IL Restaurants for Sale

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    St Elmo, IL Effingham, IL Beecher City, IL Shumway, IL Brownstown, IL Farina, IL Cowden, IL Saint Peter, IL
    Bar and Grill Restaurant
    Updated: Jul 1
    Bar and Grill Restaurant

    112 W Adams Avenue, Altamont, IL 62411

    $639,000
    Brick bar & grill with a 2‑story layout and central air cooling
    Upstairs apartment is currently rented and provides additional income/living space
    Private room available for events including parties and reunions
    Roof recently renovated; most kitchen appliances replaced within the last five years
    Public utilities: public water, public sewer, and 200+ amp electric service
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Altamont, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Updated Restaurant with Equipment
    Updated Restaurant with Equipment

    206 E Main Street 206 & 208, Salem, IL 62881

    $185,000
    3,168 sqft

    Existing food-service improvements include sinks, ovens, dishes, coolers, and storage.

    View details
    Bar & Pub with Commercial Kitchen
    Bar & Pub with Commercial Kitchen

    204 W Gallatin Street, Vandalia, IL 62471

    $225,000
    0.19 AC lot

    Existing food-and-beverage improvements include commercial cooking infrastructure, cold storage, and dedicated storage areas.

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    Absolute NNN Restaurant Leasehold
    Absolute NNN Restaurant Leasehold

    2737 Veterans Ave, Vandalia, IL 62471

    Contact for pricing
    3,290 sqft 1.17 AC lot

    Absolute NNN lease with over 14 years remaining and scheduled rental escalations plus renewal options for a single-tenant restaurant concept.

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    Freestanding Conventional Restaurant
    Freestanding Conventional Restaurant

    101 Baldridge Lane, Salem, IL 62881

    Contact for pricing

    Existing restaurant layout with highway exposure, pylon signage, and nearby Walmart, Dollar General, and McDonald’s.

    View details

    Altamont, IL Restaurants Market Trends and Statistics

    Explore 1 restaurants for sale in Altamont, IL on our real estate platform.

    Sale prices for restaurant properties in Altamont, IL average $639,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 1
    Conventional restaurants 1

    Demographics Overview

    Population 4,322
    Population Growth (5Y) +4.5%
    Median Household Income $75,932
    College Educated 25.0%

    High-Yield Neighborhoods for Investment

    Identify Altamont submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    62411 $659K

    Taxes & Financing

    Tax Rate (average for all types) 6.47%
    Property Tax per SF $97.52 per SF
    Average Loan-to-Value 65.0%

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