Skip To Content

134 W Market Street

Colchester, IL 62326
  • $275,000
  • STATUS: Active
  • ON SITE: 20 Days
  • ID#: PA1265241
UPDATED: 44 min ago
$275,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1890
County:
Area:

School Ratings & Info

Description

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!

Monthly Payment Calculator



© 2026 RMLS Alliance, LLC. All rights reserved. IDX information is provided 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 purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Bryson Smith Team | Keller Williams Premier Realty. Data last updated: 2026-04-20T23:44:49.413.
www.brysonsmithteam.com/homes/174609149
Print Image

134 W Market Street Colchester, IL 62326

  • Price: $275,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 44 min ago
  • ID#: PA1265241
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1890
Built
Neighborhood:
Paar Area
County:
Mcdonough
Area:
Paar Area
Property Description
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!
Exterior Features

Construction Materials Brick Outdoor Dining YN No Roof Flat

Interior Features

Building Area Total 2551 Cooling Central Air Flooring Wood Heating Forced AirNatural Gas Walk In Cooler YN Yes Walk In Freezer No

Property Features

100 Year Flood Plain No Agent Owned No Disclosed Short Sale No Financing Cash OnlyConventional Foreclosure YN No Frontage Type Corner LotCity Street Irregular Lot YN No Lease Term Month To Month Levels TwoThree Or More Owner Pays All UtilitiesGasElectricityCoolingWater Possible Use Restaurant Security System YN Yes Sewer Public Sewer Sprinkler YN No Tax Annual Amount 2237.54 Tax Incentive1 No Tax Legal Description 25 1/2' E SI LOT 1 BLK 18 ORIG TOWN See Agent Remarks Tax Year 2024 Tenant Pays None Type Commercial Underground Storage Tank YN No Water Source Municipal/City Zoning NA

Listing provided courtesy of Paula Clark of Key, REALTORS: .
© 2026 RMLS Alliance, LLC. All Rights Reserved.


© 2026 RMLS Alliance, LLC. All rights reserved. IDX information is provided 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 purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Bryson Smith Team | Keller Williams Premier Realty. Data last updated: 2026-04-20T23:44:49.413.
 
https://bt-photos.global.ssl.fastly.net/peoria/1280_boomver_1_PA1265241-1.jpg https://bt-photos.global.ssl.fastly.net/peoria/1280_boomver_1_PA1265241-1.jpg https://bt-photos.global.ssl.fastly.net/peoria/1280_boomver_1_PA1265241-1.jpg
Logo
Bryson Smith Team | Keller Williams Premier Realty
4700 North Prospect Road
Peoria IL, 61616