14223 IL 111 Route Chesterfield, IL 62630
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25067539
Year Built 2010
Annual Tax Amount $3,463
Lot Size 9.000 Acres
Acres 9.0
Property Sub-Type Business
Property Description
Over 9 acres with vineyards, lake views, gazebos, and ample parking
Indoor and outdoor seating, large bar, bandstand/dance floor, and sound system, fully equipped kitchen plus wood-fired pizza oven
Highway frontage and destination appeal
Financial Highlights (per seller materials):
Three-year average gross revenue: approximately $646,000
Net Operating Income: approximately $171,000 under a three-day operating schedule in 2024
Projected NOI: approximately $192,000 with a wedding/banquet-focused plan
Estimated cap rate: 12–14%, depending on operating model
This is a prime opportunity for an experienced operator, a portfolio expansion, or a strategic 1031 exchange. Whether you're envisioning a branded venue, a multi-use hospitality destination, or a lifestyle business with multiple profit centers, Wild Pickins' offers the platform to make it happen.
Location
State IL
County Macoupin
Interior
Heating Forced Air, Propane
Cooling Central Air, Electric
Flooring Concrete
Fireplace N
Appliance Stainless Steel Appliance(s), Dishwasher, Ice Maker, Indoor Grill, Gas Oven, Free-Standing Gas Range, Gas Range, Gas Water Heater
Exterior
Fence None
Utilities Available Electricity Connected, Phone Available, Propane Owned, Sewer Connected, Underground Utilities, Water Connected
View Y/N No
Building
Water Public
Structure Type Metal Siding
Others
Ownership Private
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Virtual Tour https://www.hommati.com/3DTour-AerialVideo/unbranded/14223-Il-111-Chesterfield-Il-62630--HPI52103618
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