111 W DOUGLAS AVE Petersburg IL 62675-1561

For registration requirements and regulations, please review here or contact Bianca Diorio | 954-302-3810 | [email protected].

Introducing Broadgauge, a historic gem in Petersburg, IL, awaiting its next chapter. Built in 1872 as Central Illinois' pioneering "mega-store," this property underwent a meticulous restoration in 2021, transforming it into a vibrant restaurant and event venue. The two-story building boasts a charming first-floor dining area with original woodwork, a stunning 40 ft white granite bar, and a mezzanine. Upstairs, three elegant event spaces await visitors, all accessible by a new elevator for convenience. With a seating capacity of 90 guests, plus bar and mezzanine seating, the restaurant is both inviting and spacious. Featuring a mix of retail and hospitality spaces, this property spans 18,789 square feet. The auction for 101 N 7th St, Petersburg, IL 62675 commences with a starting bid of $250,000, inclusive of all equipment and furnishings. Don't miss this prime opportunity to own a piece of history and create your own success story in this iconic establishment!

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Broadgauge Property - 15,189 sq ft finished space, 0.25 acres:

• 101 N 7th St - Parcel - 11-14-265-015
• 107 N 7th St - Parcel - 11-14-265-021

Cigar Factory and VFW Hall - 3,600 gutted retail space on first floor, 3,600 renovated event space on second floor, 0.09 acres:

• 109 N 7th St - Parcel - 11-14-265-020
• 111 N 7th St - Parcel - 11-14-265-013

The Hubbard Building - 2,400 sq ft of undeveloped space, 0.1 acres:

• 111 W Douglas St - Parcel - 11-14-265-018

• Non-Contingent
• Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
• Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
• $10,000 Participation Deposit

101, 107, 109, 111 N 7th St, Petersburg, IL 62675

111 W Douglas St, Petersburg, IL 62675

• Built in 1872, Renovated in 2021
• Redeveloped into a restaurant and events venue
• Restaurant comfortably can sit 90, plus bar and mezzanine seating
• First floor dining room features original woodwork with the double-sided grand staircase
• Second floor of Broadgauge hosts three event spaces all accessible via a new elevator
• All equipment and furnishing will be included