Restaurants

Altamont, IL Restaurants for Sale

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St Elmo, IL Effingham, IL Beecher City, IL Brownstown, IL Watson, IL Farina, IL Cowden, IL Saint Peter, IL
Bar & Grill with Covered Patios
Updated: Oct 14
Bar & Grill with Covered Patios

483 E Us Highway 40, Altamont, IL 62411

$415,000
1.00 AC lot
Operating bar and grill on a 1‑acre parcel
Built in 2015 with nearly 4000sqft
Over 350ft of road frontage on Rt 40
Over 3000 vehicles per day pass by
Kitchen, seating, gaming room, and entertainment areas
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Bar and Grill Restaurant
Updated: Jul 1
Bar and Grill Restaurant

112 W Adams Avenue, Altamont, IL 62411

$559,000
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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2 active listings match your search: Restaurant for sale in Altamont, IL. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 4 properties in nearby cities.

Opportunities in Nearby Cities

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

Bar & Pub with Commercial Kitchen
Bar & Pub with Commercial Kitchen

204 W Gallatin Street, Vandalia, IL 62471

$179,000
Built 1960

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

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Restaurant with Commercial Kitchen
Restaurant with Commercial Kitchen

204 W Gallatin Street, Vandalia, IL 62471

$179,000
3,240 sqft  Built 1960

A commercial kitchen, two walk-in coolers, and storage support restaurant operations.

View details
Gaming Lounge and Bar Venue
Gaming Lounge and Bar Venue

1051 E North Avenue, Flora, IL 62839

$360,000
Business included  Built 1975

Multi-use bar property with gaming, retail, event, and drive-through components in a corner setting.

Drive-thru  Equipment included  Furnished
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Mixed-Use Building with Drive-Through
Mixed-Use Building with Drive-Through

1051 E. North Avenue, Flora, IL 62839

$360,000
Business included  Built 1975 / renov 2022

A gaming lounge, bar, retail store, and event space share a building with product storage and a drive-through.

View details

Altamont, IL Restaurants Market Trends and Statistics

Explore 2 restaurants for sale in Altamont, IL on our real estate platform.

Sale prices for restaurant properties in Altamont, IL start at $415,000, averaging $487,000, and reaching up to $559,000 — 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 2
Conventional restaurants 2

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 $487K

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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