Restaurants

Watseka, IL Restaurants for Sale

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Crescent City, IL Clifton, IL Gilman, IL
Banquet Hall and Catering Service
Updated: Feb 10, 2025
Banquet Hall and Catering Service

209 W Oak Street, Watseka, IL 60970

$134,900
Fully equipped and licensed banquet hall and catering service ready for immediate operation.
Spacious 49x80 hall with a maximum capacity of 330 guests, featuring a bar and dance floor.
State‑inspected and licensed kitchen allows for on‑site and off‑site catering opportunities.
Potential for diverse income streams: event hosting, catering services, and kitchen rental.
Includes a separate 12x20 meeting room suitable for smaller events or retail conversion with a separate entrance.
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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Watseka, 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.

Town Square Restaurant/Retail Space
Town Square Restaurant/Retail Space

302 N 4th Street, Kentland, IN 47951

$75,000
1,070 sqft · 0.12 AC lot

Restaurant-ready retail space across from the county courthouse with updated electrical and food-service improvements.

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Former Bank Branch For Sale
Former Bank Branch For Sale

101 Meadowview Center, Kankakee, IL 60901

$500,000
7,231 sqft

Former bank branch with drive-thru, ideal for retail.

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Kankakee Redevelopment Opportunity
Kankakee Redevelopment Opportunity

590 S Washington Avenue, Kankakee, IL 60901

$125,000
1,100 sqft · 0.30 AC lot

Former gas station/convenience store ideal for redevelopment.

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Turnkey Commercial Space on Square
Turnkey Commercial Space on Square

302 N 4th Street, Kentland, IN 47951

$75,000
1,070 sqft

Prime 1,070 sq ft commercial space in Kentland, Indiana.

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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.

Historic Commercial Structure in Gilman
Historic Commercial Structure in Gilman

203 W 2nd Street, Gilman, IL 60938

$195,000

Oldest commercial building in Gilman, suitable for various businesses.

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Commercial Land Zoned C-2
Commercial Land Zoned C-2

575 S Williamsport Lot 1 Road, Williamsport, IN 47993

$129,000
2.00 AC lot

Two-acre commercial parcel zoned C-2, with seller flexibility for build-to-suit development.

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Commercial Land Near Sports Complex
Commercial Land Near Sports Complex

2995 County Road 1400 E, Rantoul, IL 61866

$563,000
5.63 AC lot

5.63 acre commercial development opportunity off Interstate 57.

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Rantoul Commercial Development Opportunity
Rantoul Commercial Development Opportunity

2990 County Road 1400 E, Rantoul, IL 61866

$4,000,000
40.00 AC lot

40-acre commercial land near I-57 in Rantoul, Illinois.

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Watseka, IL Restaurants Market Trends and Statistics

Explore 1 restaurants for sale in Watseka, IL on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $134,900.

Sale prices for restaurant properties in Watseka, IL start at $134,900, averaging $134,900, and reaching up to $134,900 — 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 1

Demographics Overview

Population 5,965
Population Growth (5Y) -14.2%
Median Household Income $48,456
College Educated 16.1%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
60970 $134.9K

Taxes & Financing

Tax Rate (average for all types) 10.23%
Tax Rate vs County Average 1.35 pp above county avg
Average Loan-to-Value 65.0%

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