Prime investment opportunity in the heart of Downtown Columbia's thriving Main Street District! This offering includes a fully leased commercial building currently operating as a popular Mexican restaurant, generating $6,200/month in rental income through April 30, 2026, and a 2-bedroom home on a month-to-month lease, bringing in an additional $1,100/month. The main building boasts ample seating capacity, overhead garage doors for an inviting open-air dining experience, a full bar, spacious kitchen facilities, and multiple restrooms to accommodate high traffic. Situated in a bustling area with excellent visibility and foot traffic, this property is perfect for investors seeking a solid, income-producing asset. Don’t miss your chance to own a piece of Columbia’s dynamic downtown!
Mls | 24073161 |
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Listing Type | For Sale |
Buildingname | El Paso Mexican Restraunt |
Subtype | Resale |
Status | Active Under Contract |
Days On Site | 12 |
Listing Provided By | Century 21 Advantage | Linda Frierdich |
Sq Feet | 4,480 |
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Zoning | CC2 |
Acreage | 0.48 |
State | IL |
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County | Monroe IL |
City | Columbia |
Zip Code | 62236 |
Area | Monroe IL |
Community Name | Gardner & Williams Add |
Listing VS Median (in Gardner & Williams Add) | |
Price: $790,000 low | high Med: $790,000 SqFt: 4,480 low | high Med: 4,480 $ / SqFt: $176 low | high Med: $176 On Site: 12 low | high Med: 12.000000 |