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$115,000
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Property Description
Prime Commercial Restaurant for Sale on Busy Route 178 Location: *Situated on bustling Route 178, the gateway to Starved Rock State Park *Less than 3 miles from Interstate 39 *One of the few commercial buildings in Oglesby with its own private parking lot, accommodating over 20 cars Restaurant Features: *Established building currently operating as a restaurant *Spacious bar area with seating for 15 stools *Two distinct dining areas, ideal for hosting private parties or events *Inviting outdoor patio seating for al fresco dining *Dedicated gaming section for additional entertainment Included: *All restaurant furnishings and fixtures *Fully equipped kitchen and dining areas ready for immediate operation Additional Opportunities: *Upstairs features two bedrooms and 1.5 baths, presenting a potential rentable living area with the addition of a small kitchenette Perfect For: *Aspiring restaurateurs looking for a turnkey operation *Investors seeking a lucrative commercial property in a high-traffic area This property offers a unique opportunity to own a well-established restaurant in a prime location with ample parking and significant potential for growth. Don't miss out on this rare find in Oglesby!
Full Property Details
Full Property Details for 309 E Walnut St
General
- Sold For: $115,000
- Taxes: $1,974 (2024)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12114210
- Added to Site: 613 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s), Partially Sprinklered
Location
- Area: Jonesville / Oglesby / Vermilionville / Piety Hill
- County: LaSalle
- Driving Directions: Take I-39 south to 178 west.
- Location Details: Southwest Suburban, Corner, High Traffic Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Ceiling Units
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Stories/Levels: 2
- Square Feet: 5,544
- Current Bldg. Use: Commercial
- Year Built: 1909
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 11,050
- Lot Dimensions: 100 x 149
- Frontage: State Road
- Potential Use: Commercial
- Zoning: COMMR
Financial Considerations
- Security Deposit: Fire Extinguisher/s, Partially Sprinklered
- Assessment Year: 1909
- Tax Amount: $1,974
- Tax Year: 2024
Disclosures and Reports
- Property ID: 1836201008
Listed by Homesmart Realty Group IL
Sold by Coldwell Banker Today's, Realtors
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Schools
Schools serving 309 E Walnut St
School Districts:Lasalle-Peru Township High School District 120, Oglesby Elementary School District 125
| Name | Grades | Distance |
|---|---|---|
Lincoln Elementary School, Oglesby, IL 755 Bennett Avenue, Oglesby, IL 61348 | PK-5 | 1.1 mi |
Washington Elementary School, Oglesby, IL 212 West Walnut Street, Oglesby, IL 61348 | 6-8 | 0.4 mi |
La Salle-Peru Twp High School 541 Chartres Street, La Salle, IL 61301 | 9-12 | 3.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 309 E Walnut St
Date
Details
Price
Change
Source
3/09/2026
Sold
$115,000
-34.29%
MLS
11/19/2025
Price Reduced
$175,000
-12.46%
MLS
9/05/2025
Price Reduced
$199,900
-16.71%
MLS
7/27/2025
Price Reduced
$240,000
-10.78%
MLS
5/01/2025
Price Reduced
$269,000
-2.18%
MLS
1/30/2025
Price Reduced
$275,000
-6.78%
MLS
8/28/2024
Price Reduced
$295,000
-10.33%
MLS
8/05/2024
Listed
$329,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
309 E Walnut Street, Oglesby, IL 61348 (MLS# 12114210) is a Commercial property that was sold at $115,000 on March 09, 2026. Want to learn more about 309 E Walnut Street? Do you have questions about finding other Commercial real estate for sale in Oglesby? You can browse all Oglesby real estate or contact a Coldwell Banker agent to request more information.

