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Gillan Bldg 316 N Main St 5,500 SF 100% Leased Retail Building Columbia, IL 62236 $1,668,696 CAD ($303.40 CAD/SF)
Investment Highlights
- Prime Location
- thriving business
- Endless possibilities for the front building
Executive Summary
Rare Two-Parcel Commercial Opportunity | Turnkey Business + Historic Building | This exceptional commercial offering includes two buildings on separate parcels, combining an established income-producing business, a historically significant structure, and substantial future expansion potential. Tavern Building, Business, & Contents Included. The tavern features over 3,500 square feet across two finished levels and is a productive, well-established operation. The entire business and contents are included in the sale. Built new from the ground up with no expense spared, this structure was thoughtfully designed for long-term durability, efficiency, and growth. Notable features include: 400-amp electrical service, Plumbing engineered to be highly freeze-resistant with easy access for service, Top-of-the-line, energy-efficient coolers, Infrastructure in place for future expansion, including gas service and plumbing to the rear patio for a potential outdoor presentation kitchen, SmartSide Diamond Coat siding, Commercial-grade True brand equipment, made in St. Louis, Solid oak bar, locally milled by Stone Tree, Bar seating constructed with exceptional wear-resistant materials, exceeding standards used by Vegas casinos, Integrated sound and camera systems, Flooring designed for easy maintenance and repair, LED halo lighting with adjustable color and brightness, A durable patio built to support long-term use and future enhancements. The main level operates as a busy, successful tavern, while the finished upper level provides flexibility-ideal for special events, private functions, or conversion into a custom concept or dream project. The second building, built in the 1850's, offers approximately 5,000 sq ft and blends historical character with income potential. Main level is over 3000 sq ft that houses a salon(400 sq ft)with a long-term tenant, providing steady rental income. Full upper floor with strong potential for residential rental living space, owner occupancy, or additional income use (buyer to verify). This is two parcels with with separate buildings. Turnkey business with high-quality construction and systems. Multiple income streams, Expansion-ready infrastructure, Historic appeal with modern functionality. This is a rare opportunity for investors, owner-operators, or entrepreneurs seeking a profitable business, character-rich property, and long-term growth potential in one compelling package
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,500 SF
Building Class
C
Year Built
2000
Price
$1,668,696 CAD
Price Per SF
$303.40 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.49
Lot Size
0.26 AC
Zoning
CC2
Parking
12 Spaces (2.18 Spaces per 1,000 SF Leased)
Frontage
86’ on N Main St
Amenities
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-16-481-001-000 | Improvements Assessment | $63,886 CAD |
| Land Assessment | $19,906 CAD | Total Assessment | $83,792 CAD |
Property Taxes
Parcel Number
04-16-481-001-000
Land Assessment
$19,906 CAD
Improvements Assessment
$63,886 CAD
Total Assessment
$83,792 CAD
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Presented by
Strano & Associates, Ltd
Gillan Bldg | 316 N Main St
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