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223 N Pearl Street

Waverly, IL 62692
  • $99,900
  • STATUS: Active
  • ON SITE: 456 Days
  • ID#: 25046413
UPDATED: 49 min ago
$99,900
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1890
County:

School Ratings & Info

Description

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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Listing information © 2026 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2026-10-10T21:39:31.85.

Fusion Realty, LLC: 618.781.9170
www.fusionrealtyhomes.com/homes/165734309
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223 N Pearl Street Waverly, IL 62692

  • Price: $99,900
  • Status: Active
  • On Site: 456 Days
  • Updated: 49 min ago
  • ID#: 25046413
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1890
Built
Neighborhood:
Not in A Subdivision
County:
Morgan
Property Description
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.
Exterior Features

Carport Spaces 0 Carport YN No Construction Materials BrickMetal Siding Fencing None Foundation Details Stone Lot Size Source Public Records Number Of Drive In Doors 0 Number Of Loading Docks 0 Road Frontage Type City Street Waterfront YN No

Interior Features

Appliances DishwasherExhaust FanFreezerBuilt-In FreezerInstant Hot WaterIce MakerIndoor GrillMicrowaveOvenRangeRange HoodBuilt-In RefrigeratorFree-Standing RefrigeratorVented Exhaust FanWater HeaterBar Fridge Cooling Ceiling Fan(s)Central Air Flooring Wood Heating Forced Air Main And Upper Level Bathrooms 0 Main And Upper Level Bedrooms 0 Stories Total 2

Property Features

Accessibility Features Accessible Approach with RampAccessible Common AreaAccessible DoorsAdaptable Bathroom Walls Association Southwestern Illinois Board of REALTORS Auction YN No Building Area Total 7000 Building Features BasementBathroomsDelivery DoorFront DeskKitchen FacilitiesPatioStorageWi-Fi Business Type Food & BeverageHospitalityRestaurant Current Use Restaurant Disclosures None Electric Ameren Gross Income 405000 Listing Terms CashConventional Ownership Type Private Possession Close Of Escrow Possible Use OtherProfessional/OfficeRestaurant Property Sub Type Business Special Listing Conditions Standard Tax Annual Amount 1033 Tax Exempt YN No Tax Legal Description RNG/BLK: TWP:0 SECT/LOT: CITY OF WAVERLY ORIGINAL TOWN 10FT S PT LT 7 AND 34FT N SD LT 8 BLK 13 Tax Year 2024 Topography Flat Utilities Electricity ConnectedPhone ConnectedSewer ConnectedWater Connected

Listing provided courtesy of Tarrant and Harman Real Estate and Auction Co: 618-433-9436. Listing information © 2026 Mid America Regional Information Systems, Inc.
Listing information © 2026 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2026-10-10T21:39:31.85.

Fusion Realty, LLC: 618.781.9170
 
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