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223 N Pearl Street
Waverly IL 62692 US

$99,900

Active Listing ID 25046413
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Lot: 0.15 Acres
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$99,900

Active Listing ID 25046413
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223 N Pearl Street 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 Features

  • Facts
  • Lot Size: 0.15 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Cooling System: Ceiling Fan(s), Central Air
  • Floor Covering: Wood
  • Heating Fuels: Forced Air

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 99900
  • unparsedaddress: 223 N Pearl Street
  • postalcity: Waverly
  • stateorprovince: IL
  • country: US
  • postalcode: 62692
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.15
  • lotsizeunits: Acres
  • lotsizearea: 0.15
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 39.592923
  • longitude: -89.953835
  • listagentfullname: Amy Quarton
  • listagentemail: travis@tarrantandharman.com
  • listagentkey: 3yd-MARISMO-AQUARTON
  • listagentmlsid: AQUARTON
  • listagentpreferredphone: (618) 433-9436
  • listofficekey: 3yd-MARISMO-E196
  • listofficemlsid: E196
  • disclaimer: 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.
  • sourcesystemid: MARISMO
  • yearbuilt: 1890
  • listagenturl: http://www.tarrantandharman.com
  • countyorparish: Morgan
  • parcelnumber: 19-11-204-006
  • appliances: Dishwasher, Exhaust Fan, Freezer, Built-In Freezer, Instant Hot Water, Ice Maker, Indoor Grill, Microwave, Oven, Range, Range Hood, Built-In Refrigerator, Free-Standing Refrigerator, Vented Exhaust Fan, Water Heater, Bar Fridge
  • cooling: Central Air, Ceiling Fan(s)
  • constructionmaterials: Brick, Metal Siding
  • flooring: Wood
  • heating: Forced Air
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: None
  • accessibilityfeatures: Accessible Approach with Ramp
  • speciallistingconditions: Standard
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -89.953835, 39.592922
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Tarrant & Harman Real Estate and Auction Co.", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"travis@tarrantandharman.com", "ListBrokerageCity":"Alton", "ListBrokerageCountry":"US", "ListBrokerageEmail":"travis@tarrantandharman.com", "ListBrokerageLogoUrl":"http://lh.rdcpix.com/5872e4c1eb9411e59fd32265a39dfbd0k-c3313551023r.png", "ListBrokerageName":"Tarrant & Harman Real Estate and Auction Co.", "ListBrokeragePhone":"(618) 433-9436", "ListBrokeragePostalCode":"62002", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"3644 Fosterburg Rd.", "ListBrokerageWebsiteUrl":"http://www.tarrantandharman.com", "ListOfficeAddress1":"3644 Fosterburg Rd.", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"E196", "ListOfficeCity":"Alton", "ListOfficeCountry":"US", "ListOfficeEmail":"travistarrant@yahoo.com", "ListOfficePostalCode":"62002", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale, Waverly, IL", "ListingURL":"https://listings.listhub.net/pages/MARISMO/25046413/?channel=rexren", "MLSModificationTimestamp":"2026-08-21 16:35:39", "Neighborhoods":[{"Description":null, "Name":"Not in a subdivision"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":1033, "TaxDescription":"RNG/BLK: TWP:0 SECT/LOT: CITY OF WAVERLY ORIGINAL TOWN 10FT S PT LT 7 AND 34FT N SD LT 8 BLK 13", "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 8/22/2026 8:01:57 AM GMT
Source Updated Date: 9/13/2026 12:45:22 AM GMT

Courtesy of: Amy Quarton, Tarrant and Harman Real Estate and Auction Co, travis@tarrantandharman.com

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.