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    304 Chapin St Ivesdale, IL 61851

    For Sale
    $499,900

    Business Opportunity - Ivesdale, IL

    Property size:
    7,155 SF
    Days on Market:
    197
    Last Refresh:
    Dec 6 at 4:06 pm

    Property Features for 304 Chapin St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    223107332002
    Size
    7,155 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

    The Real Estate Group LLC (217) 898-9204 [email protected]

    Listing agent Carol Meinhart (217) 898-9204 License #475127814

    Listing date May 24, 2025

    MLS# 12200106 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Butcher Shop Business Opportunity

    This is an opportunity to acquire an established butcher shop located at 302 S Chapin St in Ivesdale. The property includes a Class II State Licensed Plant with a long-standing reputation in the community. Recent upgrades to the refrigeration system ensure optimal efficiency and reliability. The facility is well-maintained and suited for those looking to step into a successful, turnkey business or expand an existing operation. The property size is 7155 square feet. The house on the property is currently used for the workers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ivesdale Community Park Park

    Suggested Use

    Restaurant Storage Facility Butcher Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ivesdale
    County
    Champaign
    State
    Illinois
    Longitude
    -88.455388
    Latitude
    39.94386

    FAQs

    What type of property is this?
    Grocery and convenience store - Turnkey butcher shop with state license and recent refrigeration upgrades.
    Where is this grocery and convenience store located?
    The property is located at 304 Chapin St Ivesdale, IL.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - Established butcher shop with a long-standing reputation.; - Class II State Licensed Plant.; - Recent upgrades to the refrigeration system.
    (217) 898-9204
    Request Owner's contact information
    304 Chapin St Ivesdale, IL 61851
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    Ivesdale, IL 61851
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    304 Chapin St Ivesdale, IL 61851
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