Back to Search Results

316/318 N Main Street, Columbia, IL, 62236

Rare Two-Parcel Commercial Opportunity | Historic Building | This exceptional commercial offering includes two buildings on separate parcels, combining a former established income-producing business, a historically significant structure, and substantial future expansion potential. Tavern Building, & some contents Included. The former tavern features over 3,500 square feet across two finished levels and was a productive, well-established operation. This building now has endless possibilities. Built new from the ground up with no expense spared, this structure was thoughtfully designed for long-term durability, efficiency, and growth. Notable features include: 400-amp electrical service, Plumbing engineered to be highly freeze-resistant with easy access for service, Top-of-the-line, energy-efficient coolers, Infrastructure in place for future expansion, including gas service and plumbing to the rear patio for a potential outdoor presentation kitchen, SmartSide Diamond Coat siding, Flooring designed for easy maintenance and repair, LED halo lighting with adjustable color and brightness, A durable patio built to support long-term use and future enhancements. The main level formerly operated as a busy, successful tavern, while the finished upper level provided flexibility-ideal for special events, private functions, or conversion into a custom concept or dream project. The second building, built in the 1850's, offers approximately 5,000 sq ft and blends historical character with income potential. Main level is over 3000 sq ft that houses a salon(400 sq ft)with a long-term tenant, providing steady rental income. Full upper floor with strong potential for residential rental living space, owner occupancy, or additional income use (buyer to verify). This is two parcels with with separate buildings. There is potential for multiple income streams with it's Expansion-ready infrastructure, Historic appeal with modern functionality. This is a rare opportunity for investors, owner-operators, or entrepreneurs seeking a profitable business, character-rich property, and long-term growth potential in one compelling package.

Subdivision: Columbia

List Price

$ 850,000

Status

Active

Days on market

0

MLS#

26012176

Bedrooms

0

Full baths

0

Subdivision

Columbia

County

Monroe-IL

Property Type

Commercial Sale

Type

Commercial Sale

Additional Information

Property Tax (2024)

$6,603

Recent Nearby Sales in 62236

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
645 Hill Castle Road, Columbia, IL 62236 3/3 1,985 $550,000 $550,000
100% of ask
Sep 2, 2026
829 W Bottom Avenue, Columbia, IL 62236 2/2 1,014 $180,000 $180,000
100% of ask
Sep 2, 2026
000 Highway 3, Columbia, IL 62236 0/0 -- $1,030,900 $1,030,900
100% of ask
Sep 2, 2026
000 Highway 3, Columbia, IL 62236 0/0 -- $1,040,050 $1,040,050
100% of ask
Sep 2, 2026
000 Highway 3, Columbia, IL 62236 0/0 -- $878,500 $878,500
100% of ask
Sep 2, 2026
552 Micahs Way, Columbia, IL 62236 4/4 1,900 $399,000 $425,000
106.5% of ask
Sep 1, 2026

Price & Listing History

Listed for sale
Mar 11, 2026 at $990,000
Price reduced by $140,000 (14.1%)
From $990,000 to $850,000
Current status: Active
As of Jul 9, 2026 · $850,000

Mortgage Estimator

Estimate your monthly payment. Adjust the sliders below.

Estimated Monthly Payment
$0
Principal & Interest: $0 · Tax: $0 · Ins: $0
Loan Amount: $0
Total Interest: $0
Total of Payments: $0
A Guerrilla Brokers, LLC agent will connect you with a trusted local lender.

Estimate only. Not a loan offer. Consult a lender for an accurate quote, including HOA fees, PMI, and current rates.