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1603 N Main Street Georgetown, IL 61846 Commercial - Business Active

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Description

Positioned along a high-visibility stretch of Main Street, this versatile commercial property is ready for your next business venture. Previously configured for a drive-thru and small dine-in restaurant, the layout offers both functionality and flexibility for a variety of food service concepts. The kitchen comes fully equipped with essential commercial-grade fixtures, including a refrigerator, 6-burner gas range, prep station, 3-bay sink, and walk-in cooler-providing a strong foundation for efficient operations. Recent mechanical updates add peace of mind, with a new HVAC system installed in 2024 and a water heater replaced in 2026. Inside, the building features two separate seating areas, allowing for creative dining arrangements or the ability to host multiple service styles. Restroom facilities include a private employee bathroom in the back, along with separate men's and women's customer restrooms. Outside, a fenced rear area offers the perfect setup for an outdoor smoker or grill, expanding your service potential. The property also includes parking for approximately 10 vehicles and a functional drive-thru, making it convenient for both dine-in and takeout customers.

Property Highlights

Property Type: Commercial - Business
Building Description: 1.0 stories
Year Built: 1985

General Information

County: Vermilion
Listed By:
Coldwell Banker R.E. Group-Danv 217-443-3211
MRED MLS
$75,000
Est. $559/mo
New to the Market Active
SQUARE FEET2,284 MLS#12624342
STATUSActive PROPERTY TYPECommercial - Business

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1603 N Main Street, Georgetown, IL 61846.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $75,000$75,000$75,000
Down Payment $15,000$2,625$18,750
Monthly Mortgage Amount $355$442$456
Taxes $104$104$104
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$33$0
Monthly Estimated Total $559$679$660

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