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    9180 State Route 140 Hamel, IL

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    For Sale
    $499,000

    Two buildings on 2.18 acres at I-55 interchange.

    Property size:
    3,922 SF
    Lot size:
    2.25 Acres

    Property Features for 9180 State Route 140

    General Information

    Size
    3,922 SF
    Lot size
    2.25 Acres

    Source: RE/MAX Preferred, Commercial Division Agent Linda Miller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Restaurant and Commercial Building

    Located on 2.18 acres, this property features two buildings: a 2,962-square-foot turnkey pizza restaurant with a full walk-out basement, and a 960-square-foot commercial accessory building. The property benefits from high visibility at the Illinois Route 140 and I-55 interchange, directly across from Love’s Truck Stop. It is situated in a business district and zoned HC (Highway Commercial) by the Village of Hamel. The location offers significant traffic exposure, with 30,100 vehicles per day (VPD) on I-55 and 8,550 VPD on IL 140. Signage includes a large double-faced sign and additional poles for an interstate sign. All utilities are on site. The parcel number is 11-1-10-14-00-000-011.001.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Restaurant Building Supply Law Firm Hair Salon Spa & Massage Clothing Store Hotel & Motel Nail Salon Gym & Fitness Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamel
    County
    Madison
    State
    Illinois
    Longitude
    -89.8446496
    Latitude
    38.8923088

    FAQs

    What type of property is this?
    Turn key restaurant - Two buildings on 2.18 acres at I-55 interchange.
    Where is this turn key restaurant located?
    The property is located at 9180 State Route 140 Hamel, IL.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Turnkey Pizza Restaurant: Fully equipped 2,962 SF restaurant with walk-out basement, ready for immediate operation.; - High-Traffic Location: Situated at a highly visible interchange (I-55 and IL 140) with significant daily traffic.; - Highway Commercial Zoning: Zoned HC (Highway Commercial), offering a wide range of business possibilities.
    (618) 444-3888
    Request Owner's contact information
    9180 State Route 140 Hamel, IL
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    Hamel, IL
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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
    9180 State Route 140 Hamel, IL
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