Ad #7418683
MLS #25046413
Restaurant-ready commercial property located directly on the
223 N Pearl St, Waverly, IL 62692
$99,900
--Beds
--Baths
--Sqft
0.15Acres
About this property
Restaurant-ready commercial property located directly on the Waverly town square. This approximately 7,000-square-foot property includes two connected, two-story buildings and is currently operating as an income-producing business. The south building dates to 1890, and the north building was constructed in 1901. The main level is equipped for restaurant or food-service use and includes a built-in grill, double freezers, vented exhaust systems, wine and bar refrigeration, dishwasher, ovens, and additional commercial kitchen equipment. Much of what is needed to begin operations is already in place, making this a strong option for a restaurant, bar, catering business, bakery, or similar concept. Each floor offers approximately 3,500 square feet. The unfinished upper level provides plenty of room for storage or future expansion and could potentially be developed into offices, event space, studios, or additional commercial space. Additional features include wood flooring, brick and metal siding, central air, forced-air heat, ceiling fans, full utility connections, a ramp entrance, and wide doorways. The property sits on approximately 0.15 acres in a visible downtown location with convenient highway access and is about 30 minutes from Springfield. The sellers are motivated and will consider all reasonable offers. This is an opportunity to purchase an established commercial property with restaurant infrastructure already in place and room to grow.
Property Features
0 Beds
0 Baths
0 Sqft
Built in 1890
0.15 Acres
2 Stories
Siding: Brick, Metal Siding
Forced Air
$1,033 / yr property tax
Morgan County
Not in a subdivision Community
Additional Photos
Contact Information
Amy Quarton
Tarrant & Harman Real Estate and Auction Co.
217-415-4372
Location
Listing Agent: Amy Quarton 217-415-4372
Broker: Tarrant & Harman Real Estate and Auction Co. 618-433-9436 Listing Site
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Tarrant & Harman Real Estate and Auction Co. 618-433-9436 Listing Site
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BarrierFreeHome.com
Printed Oct 23, 2026
Photo Gallery
$99,900
--
Beds
--
Baths
--
Sqft
223 N Pearl St, Waverly, IL 62692
By contacting this agent you agree to these Terms and Conditions.
MLS# 25046413
$99,900
223 N Pearl St, Waverly, IL 62692
--
Beds
--
Baths
--
Sqft
0.15
Acres
-- Beds
-- Baths
-- Sqft
0.15 Acres
Accessibility Features
Accessible Approach with Ramp
Restaurant-ready commercial property located directly on the
Restaurant-ready commercial property located directly on the Waverly town square. This approximately 7,000-square-foot property includes two connected, two-story buildings and is currently operating as an income-producing business. The south building dates to 1890, and the north building was constructed in 1901. The main level is equipped for restaurant or food-service use and includes a built-in grill, double freezers, vented exhaust systems, wine and bar refrigeration, dishwasher, ovens, and additional commercial kitchen equipment. Much of what is needed to begin operations is already in place, making this a strong option for a restaurant, bar, catering business, bakery, or similar concept. Each floor offers approximately 3,500 square feet. The unfinished upper level provides plenty of room for storage or future expansion and could potentially be developed into offices, event space, studios, or additional commercial space. Additional features include wood flooring, brick and metal siding, central air, forced-air heat, ceiling fans, full utility connections, a ramp entrance, and wide doorways. The property sits on approximately 0.15 acres in a visible downtown location with convenient highway access and is about 30 minutes from Springfield. The sellers are motivated and will consider all reasonable offers. This is an opportunity to purchase an established commercial property with restaurant infrastructure already in place and room to grow.
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Property Details
HOME DETAILS
0 Beds
0 Baths
0 Sqft
Built in 1890
0.15 Acres
2 Stories
EXTERIOR
Siding: Brick, Metal Siding
INTERIOR
Forced Air
FINANCIAL & COMMUNITY
$1,033 / yr property tax
Morgan County
Not in a subdivision Community
See More Details
Location
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Ad Statistics
Ad Number
7418683
Viewed
49 times
Listing Status
Active
Added
Jul 22, 2026
Last Refreshed
Oct 22, 2026 05:59:50 PM
Listing Information
Data Source
Mid America Regional Information Systems, Inc.
Source Property ID
25046413
Listing Agent: Amy Quarton 217-415-4372
Broker: Tarrant & Harman Real Estate and Auction Co. 618-433-9436 Listing Site
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Tarrant & Harman Real Estate and Auction Co. 618-433-9436 Listing Site
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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