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Listed by PaulaJ Clark • Key, REALTORS
$275,000
Est. payment /mo
2,551 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,551 sqft
Price per Sqft $107
MLS Listing ID PA1265241
Year Built 1890
Annual Tax Amount $2,237
Tax Year 2024
Property Sub-Type Commercial
Source rmlsa
Property Description
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!
Location
State IL
County Mcdonough
Area Paar Area
Zoning NA
Direction From Rte 136, turn south on Fulton St. 2 blocks to Market St., property on Corner.
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Wood
Fireplace N
Exterior
View true
Roof Type Flat
Garage 1
Building
Faces From Rte 136, turn south on Fulton St. 2 blocks to Market St., property on Corner.
Sewer Public Sewer
Water Municipal/City
Structure Type Brick
Others
Tax ID 05-000-568-00
Security Features Yes
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