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    Colfax, IL
    Restaurants

    Colfax, IL Restaurants for Sale

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    Ellsworth, IL Lexington, IL Saybrook, IL Chenoa, IL Arrowsmith, IL Fairbury, IL Gibson City, IL Normal, IL
    Mixed-Use Building with Ice Cream Shop
    Updated: Sep 14
    Mixed-Use Building with Ice Cream Shop

    103 S center Street, Colfax, IL 61728

    $175,000
    0.05 AC lot
    Operating ice cream shop on the main level with appliances and equipment included
    Updated three‑bedroom apartment on the upper level
    Space for two full bathrooms in the residential area
    Brand‑new split‑unit air conditioning and newer furnace
    Brick construction with a metal roof
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    Mixed-Use Property with Ice Cream Shop
    Updated: Sep 14
    Mixed-Use Property with Ice Cream Shop

    103 S center Street, Colfax, IL 61728

    $175,000
    1,785 sqft
    Operating ice cream shop with appliances and equipment included
    Updated three‑bedroom apartment above the commercial space
    1,785‑square‑foot mixed‑use property
    Commercial area features a newer furnace, split‑unit air conditioning, and automatic interior window shades
    Apartment layout can accommodate two full bathrooms
    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    2 active listings match your search: Restaurant for sale in Colfax, IL. Based on your search, we've also compiled 8 Potential Opportunities for your consideration: 4 properties in nearby cities and 4 land listings with development potential.

    Opportunities in Nearby Cities

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

    Two-Venue Restaurant Building
    Two-Venue Restaurant Building

    704 McGregor Street, Bloomington, IL 61701

    $1,100,000
    8,595 sqft

    Remodeled hospitality property includes a rear bar, restrooms, and exterior access for flexible operations.

    78 spaces
    View details
    Restaurant Space with Commercial Kitchen
    Restaurant Space with Commercial Kitchen

    109 W 8th St, Gibson City, IL 60936

    $269,900
    3,500 sqft  Built 1900

    A commercial kitchen with optional existing equipment supports food-service operations.

    Commercial kitchen
    View details
    Restaurant Property with Commercial Kitchen
    Restaurant Property with Commercial Kitchen

    109 W 8th Street, Gibson City, IL 60936

    $269,900
    Built 1900

    A flexible layout and optional kitchen equipment support food-service operations.

    View details
    Turnkey Bakery Business
    Turnkey Bakery Business

    Turnkey Bakery Business for Sale (504 Guido Circle), Bloomington, IL 61701

    $365,000
    Business included  Built 1970

    Established bakery and catering operation on the market, operating for nearly 40 years with custom cakes and desserts.

    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.

    Commercial Land Near Interstate Access
    Commercial Land Near Interstate Access

    Le Roy, IL 61752

    $76,250
    0.7 acres

    Commercially zoned parcel with Interstate 74 proximity and exit-ramp visibility.

    View details
    Commercial Land Near Interstate Access
    Commercial Land Near Interstate Access

    Le Roy, IL 61752

    $127,200
    1.46 acres

    Commercial lot with visibility from Interstate 74 and its exit ramp.

    View details
    Land For Sale, Normal, IL
    Land For Sale, Normal, IL

    Susan Drive lot: 21, Normal, IL 61761

    $375,000
    1.37 acres

    1.37 acre commercial land available in Normal, Illinois.

    View details
    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    1038 Wylie Drive, Bloomington, IL 61705

    $650,000
    2.31 acres

    2.31-acre commercial site in a high-growth Bloomington-Normal market.

    View details

    Colfax, IL Restaurants Market Trends and Statistics

    Explore 2 restaurants for sale in Colfax, IL on our real estate platform. These investment opportunities span a total of 1,785 square feet of properties for sale, with an estimated market value of $350,000.

    Sale prices for restaurant properties in Colfax, IL average $175,000 — 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 2

    Demographics Overview

    Population 1,316
    Population Growth (5Y) +0.4%
    Median Household Income $93,654
    College Educated 33.3%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    61728 $175K

    Taxes & Financing

    Tax Rate (average for all types) 9.23%
    Property Tax per SF $27.36 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in McLean County

    New Delisted

    How Realmo verifies these figures

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