Contact us: 563.441.1776
Description
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!
Property Highlights
Property Type: Commercial - Retail
Building Description: 2.0 stories
Year Built: 1900
General Information
County: Mercer
Listed By:
eXp Realty
833-835-5566
MRED MLS
MLS ID: 12644667
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213 S College Avenue, Aledo, IL 61231.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $250,000 | $250,000 | $250,000 |
| Down Payment | $50,000 | $8,750 | $62,500 |
| Monthly Mortgage Amount | $1,231 | $1,511 | $1,545 |
| Taxes | $348 | $348 | $348 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $110 | $0 |
| Monthly Estimated Total | $1,679 | $2,069 | $1,992 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 06/10/2026. The listing information on this page last changed on 06/10/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 06/10/2026 1:51:19 AM EST) or MRED MLS (last updated Wed 06/10/2026 1:43:26 AM EST) or SCWMLS (last updated Tue 06/09/2026 11:54:40 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Tue 06/09/2026 10:15:15 PM EST) or Cedar Rapids MLS (last updated Tue 06/09/2026 10:44:14 PM EST) or NEIRBR MLS (last updated Wed 06/10/2026 1:18:40 AM EST) or ICAAR MLS (last updated Tue 06/09/2026 11:37:27 PM EST) or ECIMLS (last updated Mon 06/08/2026 9:30:15 PM EST) or RMLSA (last updated Wed 06/10/2026 1:10:55 AM EST) or Muscatine MLS (last updated Wed 06/10/2026 1:45:08 AM EST) or No Coast MLS (last updated Wed 06/10/2026 12:44:20 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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