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Fred Venturini

[email protected] +1(618) 322-9764

Listed by Dan Sperry • The Real Estate Group, Inc.

$ 1,900,000

Est. payment -/mo

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Price Dropped by $500K

101 N 7TH ST Petersburg, IL 62675

12,500 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 12,500 sqft

Price per Sqft $152

MLS Listing ID CA1033847

Annual Tax Amount $6,274

Tax Year 2023

Lot Size 0.450 Acres

Acres 0.45

Property Sub-Type Commercial

Source rmlsa

Property Description

Broadgauge was built in 1872 as Central Illinois' first "mega-store. In 2021, it was fully restored to its original architectural glory and redeveloped into a restaurant and events venue. During the restoration of Broadgauge, it was redeveloped into a hospitality center with a restaurant and coffee shop/bakery on the first floor and an event space on the second floor. The first floor dining room features original woodwork with the Double-sided Grand Staircase. A 40 ft white granite topped bar was added underneath the Mezzanine. The second floor of Broadgauge hosts three event spaces all accessible via a new elevator. The restaurant comfortably can sit 90, plus bar and mezzanine seating. All equipment and furnishings will be included.

Location

State IL

County Menard

Area Petersburg, Tallula, Oakford

Zoning Commercial

Direction Located at the intersection of 7th St and W Douglas on Petersburg Square.

Interior

Heating Forced Air

Cooling Central Air

Flooring Tile/Vinyl, Wood

Fireplace N

Exterior

View true

Roof Type Membrane

Garage 1

Building

Faces Located at the intersection of 7th St and W Douglas on Petersburg Square.

Sewer Public Sewer

Water City Water - In Street

Structure Type Brick,Frame,Masonry

Others

Tax ID 11-14-265-015, 265-013

Fred Venturini

Broker | License ID: 475.179117

+1(618) 322-9764

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