Courtesy: eXp Realty - Chicago North Ave
888-574-9405
Submit Offers via Auction dot com or via Listing Agent. Sharp Red Brick Commercial Corner In The Heart Of Downtown Colchester! This Classic Two-Story Building Offers 2,000 Total Square Feet With Endless Possibilities. The Main Level Is A Former Restaurant Space, Ready For Your Cafe, Eatery, Retail Shop, Office, Or Other Small Business. Upstairs, A Nice 1,000 Square Foot Studio Living Space Has Its Own Private Exterior Entrance And A Great View Over Downtown. Live Above Your Business, Rent The Studio For Extra Income, Or Lease Both Spaces Separately. The Corner Location Gives You Great Visibility And Timeless Main Street Character Dating Back To 1900. Easy Access To US-136 Puts You Just A Short Drive From Macomb And Western Illinois University. Annual Taxes Are Very Low At Just $720 (2025). It's A Great Opportunity For Entrepreneurs And Investors Alike. Exterior showing (curb viewing) only. NO inside showings available, no more inside pictures available. No contingencies will be accepted. Cash sale only. Sold "where is and as is" Please do your due diligence to verify all details. Exterior showing (curb viewing) only. NO inside showings available, no more inside pictures available. No contingencies will be accepted. Cash sale only. Sold "where is and as is" No Survey or Keys Provided. Interior Access for Home Inspections Will Not Be Granted. Listing Information May Not Be Accurate. Buyers Must Do Their Own Due Diligence to Verify Number of Beds, Baths, Square Footage, Room Sizes, Lot Size & Any Other Property Details. Photos, Marketing Comments, and Due Diligence Items are Provided for Guidance Purposes Only. By Making an Offer on This Property, the Buyer Represents They Have Independently Verified All Information and Have Made the Decision to Make an Offer Based Upon Their Own Investigation.
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!
Completely cleaned up! Launch your business in a city without any zoning restrictions -- and on a block that has seen lots of property improvements over the past few years. New on-demand water heater in 2024. Owner is open to renting.
Andrea D. Conner, License 471020674, Xome Inc., License 478026347, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067
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Colchester is located in Illinois. Colchester, Illinois has a population of 1,314. Colchester is less family-centric than the surrounding county with 15.64% of the households containing married families with children. The county average for households married with children is 26.67%.
The median household income in Colchester, Illinois is $49,063. The median household income for the surrounding county is $45,704 compared to the national median of $69,021. The median age of people living in Colchester is 44.7 years.
The average high temperature in July is 86.9 degrees, with an average low temperature in January of 15.3 degrees. The average rainfall is approximately 39.2 inches per year, with 20.3 inches of snow per year.
