2578 E US HWY 36 Newman, IL ^$ 240,000

2578 E US HWY 36

^$ 240,000

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2578 E US HWY 36

Newman, IL, 61942

^$ 240,000

Studio Baths0.0 Sq 2,173

Monthly Estimate*

^$ 1,676

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Studio

Commercial Property for sale in Newman, IL

for $240,000. This 2,173 square foot building was built on a lot size of 0.419995.

Motivated seller!! This very well established business is just the investment opportunity you've been looking for! The restaurant is 2,100 sq ft, sitting on almost half an acre, plenty of parking and a prime location being right on the highway. All of the restaurant equipment is apart of the purchase as well as the tables, chairs and booths. A new roof was installed in 2021! Call to schedule your showing today!

Commercial Active

Price

^$ 240,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 2,188

Style

Food & Beverage,Restaurant

Lot Size

0.419995

Town/City

Newman

County/Region

Douglas

MLS | Web ID

11762440

Features

General

Cooling Central Air

Utilities Septic-Private

Possession Closing

Zoning COMMR

Tenant Pays Taxes Insurance

Stories 1

Tax Year 2021

Current Use Commercial

Business Type Food & Beverage Restaurant

Business Name PIZZA MAN

County Douglas

Operating Expense 0

Property Type Business Opportunity Bus / Bus w/Real Est

Possible Use Commercial

Status Price Change

Directions Located on HWY 36 in Newman

City Newman

MLS Area Arcola / Arthur / Atwood / Bourbon / Camargo / Garrett / Ivesdale / Murdock / Neoga / Newman / Oakland / Pesotum / Philo / Sadorus / Tolono / Tuscola / Villa Grove / Westfield

Lot Size Square Feet 18295

Street Name US HWY 36

Tax Annual Amount 2188.32

Additional Parcels Y/N N

Days on Market 376

Standard Status Active

Ownership Type Individual

Exterior

Building Area Total 2173

Lot Dimensions 140X180

Frontage Type City Street US Highway

* Excluded Features

List By

Keller Williams-Trec

Broker

carynhapp@kw.com

Affordability Calculator

$1,859

Per Month

Monthly Principal & Interest: $1,676
Monthly Property Taxes: $182
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Newman, IL

Average List Price ^$290,000

Percent of Sale Price 21%

About Newman, IL

811 Population

-9% Since 2002

^$45,472 Median Income

47.22 Median Age

22% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/28/2024	$240,000	-4.00%	Price Down
2/20/2024	$250,000	-3.85%	Price Down
5/17/2023	$260,000	-3.70%	Price Down
4/19/2023	$270,000		Listed Price

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2578 E US HWY 36, Newman, IL, 61942 is a Commercial Property for sale at $240,000 with 2,173 sqft and a lot size of 0.419995. 2578 E US HWY 36 is a studio with 0.0 baths. The property's zip code is 61942 which is in Newman, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.

http://www.mredllc.com/comms/resources/DMCA_Notice.pdf

Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 4/30/2024.

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2578 E US HWY 36

Commercial Property for sale in Newman, IL

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