Restaurants

Hillsboro, IL Restaurants for Sale

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Irving, IL Coffeen, IL Walshville, IL Litchfield, IL Witt, IL Greenville, IL Mount Olive, IL Nokomis, IL
Event Venue with Main Hall
Updated: Oct 27
Event Venue with Main Hall

411 S Main Street, Hillsboro, IL 62049

$275,000
0.18 AC lot
Main hall features hardwood flooring, a stage, and updated wiring and lighting
Three lower‑level dining areas with epoxy flooring
Three kitchen areas, including equipment such as a six‑burner gas stove, double griddles, and fryers
Bar includes beer coolers and a three‑compartment stainless steel sink
0.178‑acre parcel with public water
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Wedding Venue with Indoor and Outdoor Event Space
Updated: Oct 26
Wedding Venue with Indoor and Outdoor Event Space

202 S Broad St, Hillsboro, IL 62049

$495,000
3,451 sqft
3,451‑square‑foot wedding venue with banquet hall, lower‑level event area, and outdoor patio
Main hall features cathedral ceilings, stained glass windows, hardwood flooring, and dual entryways
Two kitchens with commercial cooking equipment, including a six‑burner gas stove, fryers, grill, and griddle
Walk‑in cooler with new condenser, plus freezers and additional cooking equipment
Stamped concrete patio with elevated stage, outdoor bar, and additional restrooms
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2 active listings match your search: Restaurant for sale in Hillsboro, 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.

Operational Bar with Outdoor Area
Operational Bar with Outdoor Area

208 E Main Street, Mount Olive, IL 62069

$199,000
Business included

Operating tavern with flexible interior areas, included equipment, and parking at both the front and rear.

Patio  Equipment included
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Bar and Tavern with Covered Event Space
Bar and Tavern with Covered Event Space

208 E Main Street, Mount Olive, IL 62069

$199,000
Business included

An operating bar includes bar equipment, coolers, liquor, and a covered outdoor area for entertainment.

Patio  Equipment included
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Taco Bell NNN Investment
Taco Bell NNN Investment

1201 W Weir St, Litchfield, IL

Contact for pricing
2,671 sqft

NNN leased Taco Bell in Litchfield, IL for sale.

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Mixed-Use Property with Restaurant
Mixed-Use Property with Restaurant

121 E Union Ave, Litchfield, IL 62056

$242,000
2 buildings  Multi-tenant

Two downtown buildings combine an operating restaurant, commercial kitchen, dining space, bar area, and occupied apartments.

View details

Hillsboro, IL Restaurants Market Trends and Statistics

Explore 2 restaurants for sale in Hillsboro, IL on our real estate platform. These investment opportunities span a total of 3,451 square feet of properties for sale, with an estimated market value of $770,000.

Sale prices for restaurant properties in Hillsboro, IL start at $275,000, averaging $385,000, and reaching up to $495,000 — 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 8,078
Population Growth (5Y) -9.7%
Median Household Income $54,767
College Educated 20.9%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
62049 $275K

Taxes & Financing

Tax Rate (average for all types) 8.45%
Property Tax per SF $93.70 per SF
Tax Rate vs County Average 0.25 pp above county avg
Average Loan-to-Value 65.0%

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