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Matt Garrison

mattgarrisonhomes@gmail.com +1(217) 638-8500

Listed by PaulaJ Clark • Key, REALTORS

$ 275,000

Est. payment | -/mo

2,551 SqFt

Save

$ 275,000

Est. payment | -/mo

Save

2,551 SqFt

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

Nearby Locations

GET MORE INFORMATION

Matt Garrison

REALTOR® | Lic# 475.176635

mattgarrisonhomes@gmail.com

+1(217) 638-8500

905 Magnolia Dr, Chatham, IL, 62629, USA

134 E MARKET ST Colchester, IL 62326

Matt Garrison

Key Details

Location

Interior

Exterior

Building

Others

134 E MARKET ST