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32202306
32202307

134 Market Street, Colchester, IL 62326 For Sale

Key, REALTORS
Listed by Key, REALTORS
$275,000
79 days on market
Updated 12 days ago

134 Market Street

Details
Property Type Retail, Mixed Use (+1)
Sub Type Restaurant, Business and Building
Square Footage 2,551
Tenancy Multi
Year Built 1890
Year Renovated 2021, 2024
Zoning N/A
Ground Lease No

Formerly "The Grill" much needed in Colchester, IL. 3 buildings included with two 2-bedroom apts.

Investment highlights

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!

Listing Contacts

Key, REALTORS
Listed by Key, REALTORS

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Additional Information

Name
Paula Clark
License
IL 475103618
Brokerage
Key Realtors
Title
Broker of Record
Brokerage Address
127 S. Lafayette St., Macomb, IL 61455
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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