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    Cerro Gordo, IL Restaurants for Sale

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    Decatur, IL Oreana, IL Bement, IL Mt Zion, IL Mount Zion, IL Forsyth, IL Monticello, IL Ivesdale, IL
    Turn-Key Restaurant with Catering
    Updated: Jul 13
    Turn-Key Restaurant with Catering

    217 E South St, Cerro Gordo, IL 61818

    $185,000
    Turn‑key, fully equipped restaurant operating in Cerro Gordo’s historic downtown business district
    Restaurant seating for 80+ guests
    Catering equipment capable of serving up to 300 people
    Numerous updates including roofing, HVAC, water heaters, and ice machine
    Gaming and liquor licenses available through the Village
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Cerro Gordo, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Historic Three-Story Mixed-Use Building
    Historic Three-Story Mixed-Use Building

    170 N Merchant St, Decatur, IL 62523

    $545,000
    12,480 sqft

    Three-story brick property with restaurant, retail, office, and residential space for flexible downtown tenancy.

    View details
    Connected Historic Restaurant Buildings
    Connected Historic Restaurant Buildings

    103 & 105 W Sale Street, Tuscola, IL 61953

    $390,000
    0.15 AC lot

    Two interconnected historic buildings with a renovated structure and kitchen, storefront, and flexible upper-level space.

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    Restaurant and Residential Building
    Restaurant and Residential Building

    101 W Sale Street, Tuscola, IL 61953

    $400,000
    0.07 AC lot

    Main-level restaurant space with included equipment plus upstairs residential space, including one nearly finished unit and one unfinished area.

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    Drive-Up Bar and Restaurant
    Drive-Up Bar and Restaurant

    3775 N Woodford St, Decatur, IL 62526

    Contact for pricing

    Remodeled bar/restaurant building with drive-up window, improved HVAC, new tankless water heater, and 42-space parking lot.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Champaign Commercial Land For Sale
    Champaign Commercial Land For Sale

    4202 Nicklaus Drive, Champaign, IL 61822

    $750,000
    1.92 AC lot

    1.92-acre commercial lot in desirable Champaign location.

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    Prime Commercial Lot in Mahomet
    Prime Commercial Lot in Mahomet

    700 Eastwood Drive, Mahomet, IL 61853

    $1,050,000
    1.00 AC lot

    High-visibility 1-acre lot near interstate and national brands.

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    Prime Commercial Lot in Savoy
    Prime Commercial Lot in Savoy

    103 Calvin Street, Savoy, IL 61874

    $125,000
    3,800 sqft 0.33 AC lot

    Last available lot in a thriving Savoy commercial area.

    View details
    Commercial Development Land Parcel
    Commercial Development Land Parcel

    612 CLARENDON Court, Savoy, IL 61874

    $450,000
    1.97 AC lot

    1.97-acre commercial land parcel in Savoy, zoned for commercial uses, with concrete parking pads and village-approved site plans.

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    Cerro Gordo, IL Restaurants Market Trends and Statistics

    Explore 1 restaurants for sale in Cerro Gordo, IL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $185,000.

    Sale prices for restaurant properties in Cerro Gordo, IL start at $185,000, averaging $185,000, and reaching up to $185,000 — 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

    Conventional restaurants 1

    Demographics Overview

    Population 1,608
    Population Growth (5Y) -6.1%
    Median Household Income $75,536
    College Educated 25.7%

    Taxes & Financing

    Tax Rate (average for all types) 8.21%
    Tax Rate vs County Average 1.06 pp above county avg
    Average Loan-to-Value 65.0%

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    Most Searched ZIP Codes in Cerro Gordo, IL

    • 61818

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