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$134,900
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Property Description
Here's your opportunity to own a banquet hall and catering service! This attractive facility features both a bar and a dance floor, with a spacious 49x80 hall that has a maximum capacity of 330 guests. The kitchen is state-inspected and licensed, allowing for catering at auctions, festivals, golf outings, business events, and more! Everything you need to start making money from day one is included in the sale. You don't need to be a professional caterer to invest in this operation-there are cooks and bakers who require a licensed kitchen to rent, and many events will bring in their own caterers. Additionally, there is a small 12x20 meeting room that can be used for smaller gatherings or converted into a retail space for baked goods, as it has a separate entrance. Significant updates and investments have been made in this building, including improvements to heating and cooling systems, surround sound, carpeting, and bathrooms. Call for more information and to schedule a showing!
Full Property Details
Full Property Details for 209 W Oak St
General
- Price: $134,900
- Taxes: $1,600 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12287599
- Updated: 2/16/2026
- Added to Site: 418 day(s) ago
Location
- Area: Watseka
- County: Iroquois
- Township: Middleport
- Driving Directions: Walnut St (Rt 24) to 2nd; north to the corner of 2nd and Oak.
- Location Details: Out of Area, Central Business District, Corner
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat, Forced Air, Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Roof: Rubber
- Stories/Levels: 1
- Square Feet: 5,324
- # of Stores: 1
- Year Built: 1951
- Built Before 1978: Yes
Unit Information
- # Tenants: 1
Lot Features
- Lot Size (Sq. Ft.): 7,843
- Lot Dimensions: 52.29 x 150
- Frontage: City Street
- Zoning: OTHER
Financial Considerations
- Lease Price: $7
- Assessment Year: 1951
- Tax Amount: $1,600
- Tax Year: 2023
Disclosures and Reports
- Property ID: 19324110190000
Listed by Berkshire Hathaway HomeServices Speckman Realty
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Schools
Schools serving 209 W Oak St
School District:Iroquois County Community Unit School District 9
| Name | Grades | Distance |
|---|---|---|
Nettie Davis Elementary School 495 North 4th Street, Watseka, IL 60970 | PK-1 | 0.3 mi |
Wanda Kendall Elementary School 535 East Porter Avenue, Watseka, IL 60970 | 2-4 | 0.8 mi |
Watseka Junior High School 138 South Belmont Avenue, Watseka, IL 60970 | 5-8 | 0.6 mi |
Watseka Community High School 138 South Belmont Avenue, Watseka, IL 60970 | 9-12 | 0.6 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 209 W Oak St
Date
Details
Price
Change
Source
2/10/2026
Price Reduced
$134,900
-3.57%
MLS
7/14/2025
Price Reduced
$139,900
-6.67%
MLS
2/10/2025
Listed
$149,900
199.8%
MLS
5/22/2017
Sold
$50,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 209 W Oak St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,252
-4%
$12,320
—
2023
$1,302
—
$12,320
—
2022
$1,302
-5%
$12,320
—
2021
$1,376
-1%
$12,320
—
2020
$1,386
—
$12,320
—
2019
$1,380
-3%
$12,320
—
2017
$1,423
-1%
$12,320
—
2016
$1,442
3%
$12,320
—
2014
$1,402
—
$12,320
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 209 W Oak St
209 W Oak Street, Watseka, IL 60970 (MLS# 12287599) is a Commercial property. 209 W Oak Street is currently listed for $134,900 and was received on February 10, 2025. Want to learn more about 209 W Oak Street? Do you have questions about finding other Commercial real estate for sale in Watseka? You can browse all Watseka real estate or contact a Coldwell Banker agent to request more information.

