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Active - Other for sale
Louisville, IL
Facts & features
Why you’ll love it
Ready to finally pursue your passion and work for your self?! This well-maintained 2,300+ sq. ft. commercial property in Louisville, Illinois offers a turnkey opportunity for your next restaurant or business venture. Formerly operating as a successful Mexican restaurant, the building is designed for efficiency and comfort, with a spacious dining area that seats over 80 guests and an inviting outdoor deck complete with string lights that create the perfect atmosphere for seasonal dining. The interior features warm finishes, plenty of natural light, and a layout that easily accommodates both large groups and smaller gatherings. The fully equipped kitchen includes prep stations, grill, hood system, refrigeration, and beverage service with soda fountain and beer taps. There is dedicated parking spaces ensure easy access. Recent upgrades include a brand new roof, outdoor dining deck, new flooring, and a mini-split HVAC unit, making this a move-in ready space with major improvements already in place. Situated on a visible lot with excellent traffic exposure, this location is ideal for a family restaurant, cafe, diner, or specialty eatery. The property has been kept clean and functional, offering a seamless transition for a new owner. With its turnkey setup, prime location, and strong potential to serve the local community, this restaurant building represents a fantastic value. Offered at $115,000, this opportunity at 850 Chestnut St. in Louisville, IL is ready for its next chapter.
Listings courtesy of WILEY REALTY GROUP as distributed by MLS GRID.
Listed by: Colton Durre • WILEY REALTY GROUP
Co-listed by: WILEY REALTY GROUP
Source: MRED as distributed by MLS GRID, MLS#: EB459814
Based on info available as of Nov 13, 2026 at 7:32 PM EST.
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Affordability
$673/mo
- Mortgage$531
- Property tax$142
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
$2,100 Credit back
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Travel times
About Louisville
This local overview has been generated by Artur AI, for informational purposes only. Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone X
Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.
More details
Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
Storm
Air quality
Pollen
Disclaimer
Midwest Real Estate Data (MRED) 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 consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Midwest Real Estate Data 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. Copyright ©2026 All rights reserved.
Based on information submitted to the MLS GRID as of Nov 13, 2026 at 07:32pm EST. 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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$2,100 Credit back
