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134 W Market Street, Colchester, IL 62326

$275,000

2,551 sq ft
CLS# 1265241
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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 Details

City
Colchester
County
Mcdonough
Type
Commercial Sale
New Construction
No
Zoning
Na
Square Ft.
2,551
Avail Square Ft.
2,551
Year Built
1890

Features

Roofing
  • Flat
Heating/Cooling
  • Forced Air
  • Natural Gas
Water/Sewer
  • Municipal/City
Lease Information
  • Month To Month

Financials

2024 Taxes
2237.54
RMLS Alliance IDX

Listing information is provided by RMLS Alliance LLC courtesy of Key, REALTORS, Paula Clark, as of 03/31/2026 15:15pm exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in renting or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.