Historic Building With Restaurant & Apartment For Sale!

Asking Price$1,500,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$250,062

Inventory$3,000
Included in asking price
FF&E$130,000
Included in asking price
Real Estate$1,100,000
Included in asking price
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Historic Building With Restaurant & Apartment For Sale!


Asking Price$1,500,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$250,062

Inventory$3,000
Included in asking price
FF&E$130,000
Included in asking price
Real Estate$1,100,000
Included in asking price
Business Description
Positioned in the heart of Jerseyville (a 3 minute walk from the Jersey County Courthouse), this beautiful commercial property at 101 South State Street offers a rare blend of architectural character, modern functionality, and multiple revenue pathways. The building itself is the true asset—high?visibility, high?impact, and meticulously improved to support hospitality, events, or mixed?use concepts.

Architecturally significant historic structure — A standout property with preserved character, strong curb appeal, and long-term appreciation potential.

Custom-built wood?fired oven & artisan bar — Permanent, high?value fixtures that elevate the space and reduce future buildout costs.

Outdoor dining courtyard — A turnkey exterior improvement ideal for expanding seating capacity and seasonal revenue.

Flexible event or private?dining room — Additional square footage that can be monetized immediately or reconfigured for new uses.

On?site living quarters — Well?appointed residential space offering owner?occupancy, staff housing, or short?term rental potential.

Prime downtown location — Walkable, visible, and surrounded by steady local traffic, civic activity, and community events.


For more information, contact the listing agent-Mike Mueller at 618-917-5573 or mikemueller@tworld.com.

Real Estate included through WJRJR LLC, 636-400-6100 Listing Broker William Roland Jr.
About the Business
Years in Operation
3
Facilities & Assets
After several years of careful planning and renovations, the restaurant opened in late 2023.
Market Outlook / Competition
There is diversity in cuisine types: homestyle/comfort American, Mexican/Tex-Mex, Asian/Chinese, pizza/pasta, breakfast/diner, fast-food. That spreads out competition — not all restaurants compete head-to-head.

The presence of both sit-down and quick/fast-food options means competition is split between convenience/price vs dining-experience/variety.
Opportunities for Growth
The restaurant has significant untapped potential. By expanding hours to include daily lunch service and opening on Sundays through Tuesdays, it can capture new customers and stabilize weekly revenue. Developing the second floor into an event space creates a high?margin opportunity for weddings, corporate gatherings, and community functions, while converting the living quarters into a rental unit adds steady, passive income. Together, these initiatives diversify revenue streams, maximize use of existing assets, and position the restaurant as both a dining destination and a community hub!
Real Estate
Owned or Leased
Owned
Included in asking price
About the Sale
Seller Motivation
Owner is ready to retire.
Transition Support
2 Weeks
Listing Info
ID
2446831
Listing Views
279

Contact Seller

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Business Listed by: Mike Mueller Transworld Business Advisors of St. Louis West

Listing ID: 2446831 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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