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101 N 7TH Street

Petersburg, IL 62675
  • $2,900,000
  • STATUS: Active
  • ON SITE: 28 Days
  • ID#: CA1033847
UPDATED: 21 min ago
$2,900,000
  • 0
    BEDS
  • 0.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
County:

School Ratings & Info

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.

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© 2025 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kinney Garst Sales Team | The Real Estate Group. Data last updated: 2025-02-07T09:45:00.42.
www.kinneygarst.com/homes/159321017
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101 N 7TH Street Petersburg, IL 62675

  • Price: $2,900,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 21 min ago
  • ID#: CA1033847
0
Beds
0
Baths
0
½ Baths
0.45
Acres
Neighborhood:
Petersburg,Tallula,Oakford
County:
Menard
Area:
Petersburg,Tallula,Oakford
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.
Exterior Features

Construction Materials BrickFrameMasonry Outdoor Dining YN Yes Roof Membrane

Interior Features

Bar YN Yes Building Area Total 12500 Cooling Central Air Flooring Tile/VinylWood Heating Forced Air Walk In Cooler YN Yes Walk In Freezer Yes

Property Features

100 Year Flood Plain Unknown Agent Owned No Disclosed Short Sale No Financing Cash OnlyConventionalSeller Finance Foreclosure YN No Frontage Type City Street Lease Term Not Applicable Levels Two Possible Use OtherFreestanding BuildingRetailBar/TavernInvestmentRestaurant Sewer Public Sewer Tax Annual Amount 6274.12 Tax Incentive1 Unknown Tax Year 2023 Type Commercial Underground Storage Tank YN No Virtually Stage YN No Water Source City Water - In Street Zoning Commercial

Listing provided courtesy of Dan Sperry of The Real Estate Group, Inc.: Pref: 217-725-2467.
© 2025 RMLS Alliance, LLC. All Rights Reserved.


© 2025 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kinney Garst Sales Team | The Real Estate Group. Data last updated: 2025-02-07T09:45:00.42.
 
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Kinney Garst Sales Team | The Real Estate Group
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