213 S College Avenue Aledo, IL $ 250,000
213 S College Avenue
$ 250,000
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213 S College Avenue

Aledo, IL, 61231
$ 250,000
Bedrooms-- Baths-- Sq 3,600

Monthly Estimate*

$ 1,539

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Commercial Property for sale in Aledo, IL

for $250,000. This 3,600 square foot building was built in 1900 on a lot size of 0.097796.

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!

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Commercial Active

Price

$ 250,000

Property Type

Commercial

Taxes

$ 4,097

Style

Commercial

Lot Size

0.097796

Year Built

1900

Town/City

Aledo

County/Region

Mercer

MLS | Web ID

12644667

Features
General
Cooling Central Air
Zoning COMMR
Construction Materials Brick
Year Built 1900
Electric Ameren
Stories Count 2
Property Subtype Mixed Use
Tax Year 2024
Current Use Commercial
Gross Income 0
Additional Parcels Description 101017459007
County Mercer
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Possible Use Commercial Retail
Status New
Directions From Hwy 67 Turn West onto Hwy 17 Turn North onto College Ave. Property is on the West side of the road.
City Aledo
Number Of Units Total 4
MLS Area Aledo
Lot Size Square Feet 4260
Tax Annual Amount 4097
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N Y
Standard Status Active
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Exterior
Foundation Details Brick/Mortar
Building Area Total 3600
Lot Dimensions 120x40
Frontage Type City Street County Road Public Road State Road US Highway
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* Excluded Features
List By
Exp Realty

Broker

starrfell13@gmail.com

Email

Affordability Calculator

$1,881
Per Month
82%
18%
0%
Monthly Principal & Interest
$1,539
Monthly Property Taxes
$341
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
5/12/2026$250,000 Listed Price

Map


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213 S College Avenue, Aledo, IL, 61231 is a Commercial Property for sale at $250,000 with 3,600 sqft and a lot size of 0.097796. 213 S College Avenue was built in 1900. The property's zip code is 61231 which is in Aledo, IL