309 E Walnut Street Oglesby, IL $ 175,000
309 E Walnut Street
$ 175,000
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309 E Walnut Street

Oglesby, IL, 61348
$ 175,000
Bedrooms-- Baths-- Sq 5,544

Monthly Estimate*

$ 1,092

309 E Walnut Street, Oglesby, IL 61348 - Image 1
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309 E Walnut Street, Oglesby, IL 61348 - Image 17

Commercial Property for sale in Oglesby, IL

for $175,000. This 5,544 square foot building was built in 1909 on a lot size of 0.253673.

Prime Commercial Restaurant for Sale on Busy Route 178 Location: *Situated on bustling Route 178, the gateway to Starved Rock State Park *Less than 3 miles from Interstate 39 *One of the few commercial buildings in Oglesby with its own private parking lot, accommodating over 20 cars Restaurant Features: *Established building currently operating as a restaurant *Spacious bar area with seating for 15 stools *Two distinct dining areas, ideal for hosting private parties or events *Inviting outdoor patio seating for al fresco dining *Dedicated gaming section for additional entertainment Included: *All restaurant furnishings and fixtures *Fully equipped kitchen and dining areas ready for immediate operation Additional Opportunities: *Upstairs features two bedrooms and 1.5 baths, presenting a potential rentable living area with the addition of a small kitchenette Perfect For: *Aspiring restaurateurs looking for a turnkey operation *Investors seeking a lucrative commercial property in a high-traffic area This property offers a unique opportunity to own a well-established restaurant in a prime location with ample parking and significant potential for growth. Don't miss out on this rare find in Oglesby!

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Commercial Active

Price

$ 175,000

Property Type

Commercial

Taxes

$ 1,974

Style

Commercial

Lot Size

0.253673

Year Built

1909

Town/City

Oglesby

County/Region

La Salle

MLS | Web ID

12114210

Features
General
Cooling Central Air
Possession Closing
Zoning COMMR
Construction Materials Brick
Year Built 1909
Electric Circuit Breakers
Tenant Pays Other
Stories Count 2
Township LaSalle
Property Subtype Mixed Use
Tax Year 2024
Current Use Commercial
Gross Income 0
County LaSalle
Insurance Expense 600
Property Type Commercial Sale Mixed Use
Possible Use Commercial
Status Active
Directions Take I-39 south to 178 west.
City Oglesby
Number Of Units Total 1
MLS Area Jonesville / Oglesby / Vermilionville / Piety Hill
Lot Size Square Feet 11050
Tax Annual Amount 1974
Electric Expense 1400
Fuel Expense 500
Trash Expense 300
Water Sewer Expense 100
Additional Parcels Y/N Y
Standard Status Active
Total Actual Rent 0
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 5544
Lot Dimensions 100 X 149
Frontage Type State Road
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* Excluded Features
List By
Homesmart Realty Group Il

Broker

tammybarry95@gmail.com

Email

Affordability Calculator

$1,256
Per Month
87%
13%
0%
Monthly Principal & Interest
$1,092
Monthly Property Taxes
$165
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$175,000 -12.46% Price Down
9/6/2025$199,900 -16.71% Price Down
7/28/2025$240,000 -10.78% Price Down
5/2/2025$269,000 -2.18% Price Down
1/30/2025$275,000 -6.78% Price Down
8/28/2024$295,000 -10.33% Price Down
8/5/2024$329,000 Listed Price

Map


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309 E Walnut Street, Oglesby, IL, 61348 is a Commercial Property for sale at $175,000 with 5,544 sqft and a lot size of 0.253673. 309 E Walnut Street was built in 1909. The property's zip code is 61348 which is in Oglesby, IL