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    Palestine, IL
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    Palestine, IL Restaurants for Sale

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    Robinson, IL Hutsonville, IL Sullivan, IN
    Turnkey Restaurant on Historic Main
    $99,900
    1,862 SF
    Turnkey Restaurant on Historic Main

    118 S Main St, Palestine, IL 62451

    Turnkey restaurant opportunity in Palestine, Illinois, with extensive equipment.
    • Turnkey restaurant opportunity on historic Main St in Palestine.
    • Priced to sell, dual‑building property accommodating approximately 75 guests.
    • Extensive equipment included, suitable for various culinary concepts.
    • Fully equipped kitchen including pizza oven, sheeter, flat top grill, fryers, double oven, cold prep table, refrigerators, freezers.
    • New bar with seating, tables, chairs, register, salad bar, hot bar, newer ice machine.
    Updated: May 24
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    Turnkey Restaurant on Historic Main
    $99,900
    Turnkey Restaurant on Historic Main

    118 S Main St, Palestine, IL 62451

    Turnkey restaurant opportunity in Palestine, Illinois, ready for new owner.
    • Great Location on Major Hwy
    • Rustic and Ready
    • Various types of businesses
    Updated: May 24
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 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.

    Remodeled Restaurant Retail Building
    $225,000
    0.09 Acres
    Remodeled Restaurant Retail Building

    Newly remodeled space with kitchen, service counter, two restrooms, and a large paved patio.

    619 N 2nd Street, Vincennes, IN 47591

    View details
    Historic Mixed-Use Building in Vincennes
    $555,000
    0.15 Acres
    Historic Mixed-Use Building in Vincennes

    Multifunctional building with bar, dining, and potential apartment.

    101 N 2nd Street, Vincennes, IN 47591

    View details
    Lawrenceville Restaurant with Drive-Thru
    $300,000
    1.30 Acres
    Lawrenceville Restaurant with Drive-Thru

    Freestanding restaurant with drive-thru, suitable for reuse or redevelopment.

    1310 State Street, Lawrenceville, IL 62439

    View details
    Lawrenceville Restaurant with Drive-Thru
    $300,000
    3,126 SF
    Lawrenceville Restaurant with Drive-Thru

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

    1310 State St, Lawrenceville, IL 62439

    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.

    Vacant Retail Lot Near Walmart
    $899,999
    1.00 Acre
    Vacant Retail Lot Near Walmart

    One-acre commercial lot, zoned C3, ideal for retail development.

    631 Kimmell Road, Vincennes, IN 47591

    View details
    Prime Commercial Land Available
    $325,000
    0.75 Acres
    Prime Commercial Land Available

    Commercial land suitable for retail or service industry establishments.

    4715 S 7th Street, Terre Haute, IN 47802

    View details
    Vacant Commercial Lot For Sale
    $120,000
    0.86 Acres
    Vacant Commercial Lot For Sale

    Vacant commercial lot in Terre Haute, Indiana.

    3375 S 3rd Place, Terre Haute, IN 47802

    View details
    Prime Commercial Land Opportunity
    $3,000,000
    37.09 Acres
    Prime Commercial Land Opportunity

    37+ acres near Terre Haute Casino, development potential.

    4400 Margaret Avenue lot: 4300 Margaret Avenue, Terre Haute, IN 47802

    View details

    Palestine, IL Restaurants Investment Opportunities Market Analysis

    Explore 2 restaurants for sale in Palestine, IL 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

    Conventional restaurants 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 median listing prices of real estate assets

    Neighborhood Average Price
    62451 $99.9K

    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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    Most Searched ZIP Codes in Palestine, IL

    • 62451

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