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    000 Starling Dr Louisville, IL 62858

    Sponsored
    For Sale
    $199,000

    Rustic Venue, Hunting Lodge, or Home Site

    Property size:
    1,175 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 1,175 square foot commercial property, situated on a sprawling 4.22-acre lot in Louisville, Illinois, presents a unique investment opportunity with diverse potential uses. Currently configured as a rustic venue, the charming log cabin boasts a large open area perfect for events such as weddings, birthday parties, or corporate gatherings. The interior features a captivating barn wood bar and barn tin accents on the walls and ceiling, complemented by double French doors. An expansive outdoor space with picnic tables and a fire pit provides ample room for additional guests, with the potential to accommodate a large tent for covered events. The property's secluded location on a dead-end road just north of Flora offers a tranquil setting. Beyond its current use, this property is ideally suited for a hunting lodge or could be easily adapted into a residential dwelling. Adding a shower/tub and interior walls would transform the space into a comfortable home. The building is equipped with a mini-split heating and cooling system and 200-amp electrical service, along with a septic system and rural water. The substantial acreage offers ample space for expansion or the construction of a new home. This versatile property offers endless possibilities for the discerning investor seeking a unique and profitable venture.

    Property Features for 000 Starling Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,175 SF
    Lot Size
    183,823 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Louisville
    County
    Clay
    State
    Illinois
    Longitude
    -88.47537
    Latitude
    38.74075

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    FAQs

    What type of property is this?
    Commercial real estate - Rustic Venue, Hunting Lodge, or Home Site
    Where is this commercial real estate located?
    The property is located at 000 Starling Dr Louisville, IL.
    What is the asking price?
    The asking price for this property is $199,000.
    Request Owner's contact information
    000 Starling Dr Louisville, IL 62858
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    Louisville, IL 62858
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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
    000 Starling Dr Louisville, IL 62858
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