Listing provided courtesy of eXp RealtyMREDas Distributed by MLSGrid- MLS# 12644667MLS Provider

213 S College AvenueAledo, IL 61231

Commercial · 3,600 Sq. ft.
$250,000 Active

213 S College Avenue Overview

Time on Site:
49 days
Visits:
25

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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213 S College Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 3,600
  • Price/Sq.ft. $69

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1900

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Mercer
  • MLS Area Major: Aledo

Tax Information

  • Tax Annual Amount: $4,097.00
  • Tax Year: 2024

General Information

  • Parcel Number: 101017459005
  • Possible Use: Commercial,Retail
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 3600

General Information

  • Cooling: Central Air
  • Electric: Ameren
  • Foundation Details: Brick/Mortar
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: Yes
  • Frontage Type: City Street,County Road,Public Road,State Road,US Highway
  • Lot Size Dimensions: 120x40
  • Lot Size Square Feet: 4260

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 4

213 S College Avenue Neighborhood

Community

61231 (Aledo) Demographics

45
Median Age
36
Population Density (per sq. mile)
30%
College Educated
$54,150
Estimated Median Income
1,507
Estimated Total Home Owners
736
Estimated Total Renters
67% / 33%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

213 S College Avenue Monthly Cost

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$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

213 S College Avenue Market Data

Based on the last 30 days in this zip code

$191,570
Average List Price
$107
Average Price per Square Foot
7
Properties Sold
106
Average Days on Market
20
Properties for Sale
Calculations provided by Reliance Network

213 S College Avenue History

Date Event Value Agent
5/17/2026Source: MRED Status Change
Active
5/12/2026Source: MRED Added to Database
May 12, 2026