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134 E Market St 5,367 SF 100% Leased Retail Building Colchester, IL 62326 $373,450 CAD ($69.58 CAD/SF)
Executive Summary
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!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,367 SF
Building Class
C
Year Built
1890
Price
$373,450 CAD
Price Per SF
$69.58 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.11
Lot Size
0.06 AC
Zoning
None - No Zoning in Colchester IL
Amenities
- Corner Lot
Somewhat walkable
20/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 05-000-569-00 | Improvements Assessment | $4,306 CAD |
| Land Assessment | $1,661 CAD | Total Assessment | $5,967 CAD |
Property Taxes
Parcel Number
05-000-569-00
Land Assessment
$1,661 CAD
Improvements Assessment
$4,306 CAD
Total Assessment
$5,967 CAD
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134 E Market St
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