326 US Highway 51New

Pana, IL 62557 · MLS #6261512

$425,000
Listed today
Save
Acres
5
Type
CommercialSale
Status
Active

The Rosebud Cafe is a longtime staple and recognizable local business in the Pana, Illinois community. This active restaurant sits on 5 acres at the prominent corner of Routes 16 and 51, offering excellent visibility, ample parking, and plenty of potential for its next owner. The restaurant has been nicely updated and can accommodate over 100 guests. The property also includes 12 apartments and one home on the east side of the property, all currently rented, generating a combined rental income of $8,400 per month, or $100,800 annually. With the current owner retiring, this is an opportunity to own an established local business with additional rental income and room for future possibilities.

Features

Home OfficeGas Water HeaterCentral AirForced AirGas

Property Details

Price
$425,000
MLS #
6261512
Status
Active
Type
CommercialSale
Subtype
Business
Listed Date
Oct 26, 2026
Lot Size
217,800 sqft / 5.00 acres
Year Built
1950
County
Christian
Zoning
COM
Parcel Number
11-25-24-100-001-00

Interior

Above Grade Finished Area
0
Appliances
Gas Water Heater
Cooling
Central Air
Heating
Forced Air, Gas
Interior Features
Home Office
Levels
One

Exterior

Stories
1
Sewer
Public Sewer
Water Source
Public

Payment estimate

Estimated monthly
$3,172/mo
$2,262 principal & interest$910 taxes

Estimate for planning only — actual payment depends on your loan. Talk to your lender.

Financial

Tax Year
2025
Taxes
$10,914

Market Summary

Current real estate data for CommercialSale in Pana as of Oct 26, 2026, from all participating CIBR offices.

CommercialSale Listed
4
Avg Days on Market
205
Avg List Price
$326,225

Location

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Ask a question or request a tour of 326 US Highway 51. We'll get right back to you.

Listed by Carol & Company · (217) 562-5800. Want to see this property? Call Grissom Schmitz Realty at 217-562-7078.

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Disclaimer: All data relating to real estate for sale on this site comes from the Broker Reciprocity (BR) of the Central Illinois Board of Realtors. Detailed information about real estate listings held by brokerage firms other than Grissom Schmitz Realty include the name of the listing broker. Neither the listing company nor Grissom Schmitz Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. All properties are subject to prior sale, changes, or withdrawal.

Copyright 2026 Central Illinois Board of Realtors. All rights reserved. This site was last updated 10/26/2026, 6:30:36 PM (Central Time).