134 E Market St - Restaurant FOR SALE


Colchester, IL 62326
$275,000 USD
309-837-6464
134 E Market St, Colchester, IL for Sale
$275,000 USD
Restaurant - FOR SALE
1/38
null | Request Cap Rate

NEW


134 E Market St
Colchester, IL 62326


OVERVIEW

Formerly doing business as The Grill, this restaurant is a much needed and anticipated business in Colchester. It was remodeled in 2021 and has since been improved with new furnace and central air in 2024. The building sells with all restaurant equipment, a walk-in cooler and freezer, a prep area, dry storage area, and an office. Many additional kitchen items and cookware are also included. There are additional booths that stay and would seat approximately 32 more people, in addition to the current seating of 52. There are 3 buildings included with a 2-bedroom apartment above building 2, and a 2-bedroom apartment above building 3. A beauty shop occupies the lower level of building 3. The current rental income is $2,200 per month, and could be more with the rental of the lower level of building 2. One apartment has a new furnace in 2024, and both apartments have solar panels. This is a great investment opportunity to start a restaurant business, with a good monthly rental income already established. Call for your opportunity to view!

FOR SALE DETAILS

PRICE

$275,000 USD

PRICE/SF

$51 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,549 SF

ZONING

None

APN/PARCEL ID

05-000-569-00

ASK ABOUT THIS PROPERTY

Robin BrineyKey Realtors Inc.More Info
309-837-6464

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Robin BrineyKey Realtors Inc.More Info
309-837-6464

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.