Commercial for Sale: 402 S Madison Street, Lebanon, IL 62254 SOLD
3,000 sqft
$135,000
$135,000
402 S Madison Street,
Lebanon, IL 62254 SOLD
3,000 sqft
$135,000
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Selling Price: $135,000
Original List Price: $250,000
Sold at 54.0% of list price
Sold Date: 09/03/2025
Type Commercial
Total Living Area 3,000 sqft
Square Footage 3,000 sqft
Lot Size 0.12 acres
Year Built 1951
Taxes Paid $6,104
City Lebanon
County St. Clair
Subdivision Sargents J L
MLS 20009982
Status Closed
DOM 2,024 days
Previously serving Italian Food. Sets +/- 85 people. Separate Banquet Room available in area that can be closed off from restaurant. Great opportunity with an established business! Property is being sold as is, seller will not make repairs or bring property up to pass occupancy. Total Acreage and Taxes Paid reflects both parcels: 05-19.0-421-001 & -002. Location: City, High Traffic
Lot & Building Features
Construction Other
Cooling Central Air, Electric
Heating Electric, Natural Gas, Forced Air
Parking Description Driveway, Concrete
Sewer Public Sewer
Tax Year 2022
Taxes Paid $6,104
Water Public
Price History of 402 S Madison Street, Lebanon, IL
| Date | Name | Price | Difference |
|---|---|---|---|
| 11/27/2023 | Price Adjustment | $135,000 | 40.00% |
| 10/30/2020 | Price Adjustment | $225,000 | 4.26% |
| 07/10/2020 | Price Adjustment | $235,000 | 6.00% |
| Coming Soon | Listing Price | $250,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
Listed by Coldwell Banker Brown Realtors, Carla Owens
Sold by Re/Max Signature Properties, Trudy Knobeloch
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 Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information courtesy of: Coldwell Banker Brown Realtors Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange |