Restaurants

Palestine, IL Restaurants for Sale

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Merom, IN Robinson, IL Hutsonville, IL Carlisle, IN Flat Rock, IL Oblong, IL Sullivan, IN Annapolis, IL
Restaurant with Commercial Kitchen
Updated: May 24
Restaurant with Commercial Kitchen

118 S Main St, Palestine, IL 62451

$99,900
1,862 sqft 0.08 AC lot
Combined restaurant property with 1,862 square feet
Approximately 75‑guest capacity
Pizza oven, pizza sheeter, flat‑top grill, deep fryers, and double oven
6 refrigerators and 5 freezers included
Rear storage shed with 3 stand‑up freezers
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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 6 Potential Opportunities for your consideration. Besides 1 Active listings in Palestine, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 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.

Historic Bar and Event Property
Historic Bar and Event Property

519 12th Street, Lawrenceville, IL 62439

$249,900
16,640 sqft 1.04 AC lot

Large hospitality venue with commercial kitchen, multiple bars, event areas, elevator access, and a patio.

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Brick Bar & Pub Building
Brick Bar & Pub Building

117 & 121 N Cross St, Robinson, IL 62454

$299,000
10,000 sqft 0.13 AC lot

Established bar and pub business with transferable state, local, and gaming licenses.

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Downtown Bar Property
Downtown Bar Property

519 12th Street, Lawrenceville, IL 62439

$249,900
8,068 sqft

Built in 1918, the property combines multiple hospitality areas with commercial kitchen infrastructure and event-oriented spaces.

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Conventional Restaurant
Conventional Restaurant

1408 West Main Street, Robinson, IL 62454

Contact for pricing

Located on West Main Street in Robinson, Illinois.

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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.

C3 Commercial Land
C3 Commercial Land

631 Kimmell Road, Vincennes, IN 47591

$899,999
1.00 AC lot

Vacant commercial parcel with C3-General Commercial zoning and city water and sewer.

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Palestine, IL Restaurants Market Trends and Statistics

Explore 1 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 average $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

Commercial kitchens 1
Conventional restaurants 1

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 $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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