For Sale
$160,000

201 Broadway St Central City, IL 62801

Turnkey Restaurant, 2 Buildings, Great Location

Overview

Added:
Dec 11, 2024
Days on market:
134
This Centralia, IL property at 201 N BROADWAY Street offers a fantastic investment opportunity. The 1923-built property includes two buildings totaling approximately 7000 square feet. The main building, updated in 2022, features a fully equipped restaurant with a large kitchen (including three deep fryers, an eight-burner oven, multiple refrigerators and freezers, and a cold prep table), three banquet areas, a bar with gaming, and four bathrooms (two handicapped accessible). A new Cooking Fire Ansul Suppression system was recently installed. Upstairs, a spacious 3-bedroom, 2-bathroom apartment offers over 2500 square feet of living space with a private entrance. A detached two-car garage (22' x 24') is currently used for storage. The property is zoned for commercial and restaurant use, and its prime location in Central City, IL (zip code 62801) presents significant potential for a thriving business. The asking price is $160,000. This property is ideal for an owner-operator seeking a turnkey restaurant business, or an investor looking for rental income from both the commercial space and the residential apartment.

Highlights

  • Centralia, IL investment opportunity: Two buildings totaling 7,000 square feet.
  • Main building (2022 updates): Fully equipped restaurant with large kitchen, three banquet areas, bar with gaming, four bathrooms (two ADA compliant), and new Ansul fire suppression system.
  • Upstairs apartment: 3-bedroom, 2-bathroom, over 2,500 square feet, private entrance.
  • Detached two-car garage (22' x 24').
  • Zoned commercial/restaurant; prime Centralia, IL (62801) location.
  • Asking price: $160,000.

Property Details for 201 Broadway St

Property type
Retail properties, Restaurants
Year Built
1923
Buildings
2

Location Insight

City
Central City
County
Marion
State
Illinois
Latitude
38.5492857
Longitude
-89.1291723

FAQs

What type of property is this?
Retail property - Turnkey Restaurant, 2 Buildings, Great Location
Where is the retail property located?
The property is located at 201 Broadway St Central City, IL.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Centralia, IL investment opportunity: Two buildings totaling 7,000 square feet.; Main building (2022 updates): Fully equipped restaurant with large kitchen, three banquet areas, bar with gaming, four bathrooms (two ADA compliant), and new Ansul fire suppression system.; Upstairs apartment: 3-bedroom, 2-bathroom, over 2,500 square feet, private entrance.
How can I contact the broker?
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201 Broadway St
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