Grocery Store & Two-Story Retail Building for Sale - 409 Main St, Augusta, IL 62311

Grocery Store & Two-Story Retail Building for Sale - 409 Main St, Augusta, IL 62311

Unlock an exceptional commercial investment opportunity in Hancock County with this established two-story grocery store and retail building located at 409 Main St, Augusta, IL 62311. Priced attractively at $149,000 for the real estate and business value ($18.21/SF), this turnkey commercial property delivers strong monthly cash flow, steady neighborhood foot traffic, and immense growth potential.

Spanning an impressive two levels with approximately 8,182 to 9,200 total square feet (around 4,600 sq. ft. per floor) on a 0.17-acre lot, this versatile property features a spacious retail layout on the main floor equipped with a massive 50-door walk-in cooler. The upper level presents a fantastic value-add opportunity, offering flexible space that can easily be converted into rental apartments or additional income-producing commercial space.

Financial Performance & Business Highlights

• Robust Inside Sales: Currently generating strong inside sales averaging $59,000 per month.

• Impressive Owner Take-Home: Total monthly payroll is $8,340, with the seller and spouse comprising over $4,700 of that total. The owner's net take-home exceeds $9,600 per month after covering all employee payroll and operational expenses.

• Additional Revenue Streams: Generates a reliable $2,000 per month in game machine commission (one-sided share). The current COAM contract has only one year remaining, giving the incoming buyer quick flexibility.

• Massive Upside Potential: The current operator carries no tobacco and no lottery products, leaving a wide-open avenue for a new owner to substantially boost top-line revenue immediately by introducing lottery, tobacco, and vape items.

• Low Competition: As one of only two grocery stores in town, this business enjoys a loyal local customer base with virtually no immediate neighborhood crowding.

Location & Demographics

Situated in a welcoming residential area of Augusta, IL, the store benefits from an average traffic count of over 2,400 vehicles passing daily. The surrounding community features a median household income of $53,275 and is positioned within walking distance or a short drive from popular local dining spots like Champs Chicken, Rusty Reds Farm Table, The Buss Stop, Rudy's Restaurant, and The 19th Hole, as well as Southeastern High School.

Strategically accessible, Augusta is conveniently located just 40 minutes from Quincy, IL; 1 hour 40 minutes from Springfield, IL; 1 hour 50 minutes from Peoria, IL; and within easy driving range of St. Louis, MO, and Chicago, IL.

Property Summary

• Address: 409 Main St, Augusta, IL 62311

• Asking Price: $149,000 (Includes Business Value and Real Estate) plus inventory (estimated at $75,000 to $80,000)

• Building Size: 8,182 SF (2 Stories)

• Lot Size: 0.17 Acres (4.00 AC total land context / 14 parking spaces)

• Year Built: 2000

Operated successfully by the current owner for the past 3 years, this turnkey business and real estate package is ready for a proactive entrepreneur.

Contact Us Today:

If you are interested in this prime Illinois retail opportunity, please call or text anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com.