$250,000
( $69.44Per Sq Foot )
 $1,342 est/mo Sourced by Back At You

213 S College Avenue,Aledo, IL 61231

Aledo, IL 61231

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Description

Historic Downtown Aledo Restaurant Location, Looking for a New Owner! This Fabulous Location is in the Heart of Aledo, IL located right across the street from Central Park where multiple festivals and events are hosted and bring in visitors from all over the nation! This high traffic area will bring in locals, travelers, and visitors to dine in this convenient restaurant. Aledo recently opened a movie theater next to central park, making this restaurant an ideal spot to grab dinner before the movie! Historic Downtown Aledo has received a major facelift recently bringing in lots of potential business to the area. College Ave is home to many different businesses including; Thrift Stores, Antique Stores, Restaurants, Banks, Hair Salons, Local Businesses, Pharmacy, Flooring Store, Medical Offices, The Post Office, Bars, and more! This building also offers 3 Apartments upstairs for addional potential revenue. Originally this was 2 separate buildings/businesses. 1 building is approx. 1,980SqFt on the main level, while the other is approx. 1,620SqFt on the main level. The 2 buildings are now connected with an open walkway from 1 dining room to the other. This unique building is full of possibilities and we are excited to hear about your future plans for this fantastic location! Call today for more information and/or to schedule a private showing!

Details

MLS #12644667
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1900
Days On Site140
Listing Provided ByeXp Realty | Starr Fell

Features

SQ Feet3,600
Story(s)2
Units4
ZoningCOMMR
Acreage0.11

Interior

CoolingCentral Air

Exterior

Foundation DetailsBrick/Mortar
Construction MaterialsBrick

Utilities

ElectricAmeren

Taxes

Tax Year2024
Tax Annual Amount4097

Area Information

StateIL
CountyMercer
CityAledo
Zip Code61231
AreaAledo
Listing VS Median (in 61231)
Price:
$250,000
low | high
Med:
$129,900
98.04% of Average
sqft:
3,600
low | high
Med:
1,072
100% of Average
$ / sqft:
$69
low | high
Med:
$121
24.492537313433% of Average
On site:
140
low | high
Med:
27
100% of Average
Sourced by Back At You

Market Activity 61231

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Learn More About This Property

StateIL
CountyMercer
CityAledo
Zip Code61231
AreaAledo
Listing VS Median (in 61231)
Price:
$250,000
low | high
Med:
$129,900
98.04% of Average
sqft:
3,600
low | high
Med:
1,072
100% of Average
$ / sqft:
$69
low | high
Med:
$121
24.492537313433% of Average
On site:
140
low | high
Med:
27
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $187K - $312K
sqft: 2,500 - 4,500
Nearby Listings Property ImageNearby Listings Details
505 NW 5th Avenue Property Photo 1
$275,000
505 Nw 5th Avenue
Aledo, IL 61231
Listing Updated: September 28, 2026 at 6:58:14 PM PDT