Technical
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Property profile

8 Carriage Ln Altamont, IL 62411

OFF-MARKET
Commercial real estate
Property ID
US28-5168832
2.64 ac lot Built 2013
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Property summary

AI-generated overview

This exceptional 2.64-acre property in Altamont, Illinois, presents a unique opportunity to acquire the established Carriage House Event Center. This premier event venue boasts a sophisticated ambiance, ideal for weddings, corporate functions, and large-scale celebrations. The spacious interior comfortably accommodates up to 450 guests, featuring high ceilings, exquisite chandeliers, and customizable lighting to create the perfect atmosphere for any occasion. The building is equipped with commercial-grade appliances, ensuring seamless operation for catering and event services. The Carriage House Event Center has cultivated a strong reputation for exceptional service and memorable events, establishing a loyal clientele and a proven track record of success. The property's prime location in Altamont offers convenient access for guests and ample parking. This turnkey operation presents a compelling investment opportunity for those seeking to enter or expand within the thriving hospitality industry. The established reputation and existing infrastructure provide a solid foundation for continued growth and profitability. The sale includes all existing fixtures and equipment, allowing for immediate operation upon acquisition. This is a rare chance to own a well-regarded and successful event center in a desirable location. The asking price is $2,400,000.

Property profile

Verified
Property type Commercial real estate
Year built 2013
Lot 2.64 ac (114,998 SF)
UPID US28-5168832

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Wedding Service

Location

8 Carriage Ln Altamont, IL 62411
Altamont metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

3 recent transactions · within 1.5 mi
Comparable in this city
3 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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