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    Colfax, IL
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    Colfax, IL Restaurants for Sale

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    Anchor, IL Ellsworth, IL Lexington, IL Saybrook, IL Chenoa, IL Arrowsmith, IL Fairbury, IL Gibson City, 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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    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 9 Potential Opportunities for your consideration. Besides 1 Active listings in Colfax, 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.

    Turn-Key Restaurant Opportunity
    Turn-Key Restaurant Opportunity

    1700 Fredrick Ln, Normal, IL 61761

    Contact for pricing
    1,883 sqft

    For sale in a high-visibility retail area near interstates, offered as a turn-key restaurant business.

    View details
    Drive-Thru Coffee NNN Lease
    Drive-Thru Coffee NNN Lease

    502 IAA Dr, Bloomington, IL 61701

    Contact for pricing
    986 sqft

    Absolute NNN drive-thru leased to Dutch Bros on a 15-year term with scheduled rent increases.

    View details
    Remodeled Restaurant With Commercial Kitchen
    Remodeled Restaurant With Commercial Kitchen

    1501 N Main Street, Normal, IL 61761

    $725,000

    Signalized-corner restaurant property with updated equipment, refreshed interiors, and direct access to Interstate 55.

    View details
    Turnkey Bakery Business
    Turnkey Bakery Business

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

    $395,000

    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
    0.70 AC lot

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

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    Commercial Land Near Interstate Access
    Commercial Land Near Interstate Access

    Le Roy, IL 61752

    $127,200
    1.46 AC lot

    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 AC lot

    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 AC lot

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

    View details

    Colfax, IL Restaurants Market Trends and Statistics

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

    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 1

    Demographics Overview

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

    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

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