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    Palestine, IL
    Restaurants

    Palestine, IL Restaurants for Sale

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    Turnkey Dual-Building Restaurant
    Updated: May 24
    Turnkey Dual-Building Restaurant

    118 S Main St, Palestine, IL 62451

    $99,900
    1,862 sqft 0.08 AC lot
    Dual‑building restaurant property on historic Main St in Palestine with capacity for around 75 guests
    Includes extensive restaurant equipment: pizza oven, pizza sheeter, flat top grill, newer exhaust hood, deep fryers, and double oven
    Hot line and kitchen equipment includes a newer cold prep table, 6 refrigerators, and 5 freezers
    Front of house features a new bar with seating, tables and chairs, register, salad bar, hot bar, and newer ice machine
    Out back: additional storage shed plus 3 stand‑up freezers
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    Historic Restaurant Building
    Updated: Jun 9
    Historic Restaurant Building

    105 S Main St, Palestine, IL 62451

    Contact for pricing
    0.03 AC lot
    Historic Main St building in Palestine, formerly a successful pizza parlor for decades
    Brick construction with tile and hardwood flooring
    Heating system: natural gas forced air
    Public water source
    Roof: rubber
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    Restaurant Building on Main Street
    Restaurant Building on Main Street

    105 S Main St, Palestine, IL 62451

    Contact for pricing
    1,300 sqft

    Quaint original restaurant building with existing restaurant use history, sold as-is with contents included.

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    Turnkey Restaurant on Historic Main
    Turnkey Restaurant on Historic Main

    118 S Main St, Palestine, IL 62451

    $99,900

    Turnkey restaurant opportunity in Palestine, Illinois, ready for new owner.

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 Active listings in Palestine, 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.

    Lawrenceville Restaurant with Drive-Thru
    Lawrenceville Restaurant with Drive-Thru

    1310 State St, Lawrenceville, IL 62439

    $300,000
    3,126 sqft

    Freestanding commercial building with drive-thru on primary commercial corridor.

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    Remodeled Storefront with Patio
    Remodeled Storefront with Patio

    619 N 2nd Street, Vincennes, IN 47591

    $199,900
    0.09 AC lot

    Newly remodeled storefront with kitchen area, two restrooms, and a large concrete patio with paved parking.

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    Freestanding Restaurant with Drive-Through
    Freestanding Restaurant with Drive-Through

    1310 State Street, Lawrenceville, IL 62439

    $300,000
    1.30 AC lot

    Freestanding restaurant building with an existing drive-through, multiple ingress and egress points, and ample on-site parking.

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    Historic Bar and Restaurant Building
    Historic Bar and Restaurant Building

    101 N 2nd Street, Vincennes, IN 47591

    $570,000

    Historic bar and restaurant building with bar room, dining/event space, outdoor patio, and commercial kitchen area.

    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.

    General Commercial Vacant Lot
    General Commercial Vacant Lot

    631 Kimmell Road, Vincennes, IN 47591

    $899,999
    1.00 AC lot

    Vacant 1-acre lot zoned C3 with city water and sewer, positioned across from Walmart for retail development.

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    Vacant Commercial Lot For Sale
    Vacant Commercial Lot For Sale

    3375 S 3rd Place, Terre Haute, IN 47802

    $120,000
    0.86 AC lot

    Vacant commercial lot in Terre Haute, Indiana.

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    2.124 Acres in Gateway Crossing
    2.124 Acres in Gateway Crossing

    Lot 10 Gateway Crossing, Washington, IN 47501

    $414,180
    2.12 AC lot

    2.124 Acres in high-visibility location off I-69.

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    Commercial Lot in Terre Haute
    Commercial Lot in Terre Haute

    200 Maple Avenue, Terre Haute, IN 47804

    $475,000
    0.27 AC lot

    0.27 acre commercial lot suitable for development.

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    Palestine, IL Restaurants Market Trends and Statistics

    Explore 4 restaurants for sale in Palestine, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 1,862 square feet of properties for sale, with an estimated market value of $99,900.

    Sale prices for restaurant properties in Palestine, IL start at $99,900, averaging $99,900, and reaching up to $99,900 — 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 4
    Coffee shops 2

    Demographics Overview

    Population 1,955
    Population Growth (5Y) -4.2%
    Median Household Income $60,991
    College Educated 20.1%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    62451 $66.6K

    Taxes & Financing

    Tax Rate (average for all types) 7.25%
    Tax Rate vs County Average 1.07 pp above county avg
    Average Loan-to-Value 65.0%

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