Building Details

Year Built 2016

Year Renovated 2023

Buildings 1

Stories 2

Listing Agency: Barbermurphy Group

Listed By: Katie Bush · License #475209285 Show Phone

Source: Crexi

Added: Apr 14 Changed: Oct 11 Last Checked: Oct 12 at 9:04PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Barbermurphy Group

Investment Insights

Based on property information with market context.

This 19,000-square-foot, two-level brewery and entertainment property includes a 4,500-square-foot attached lean-to beer garden, banquet facilities, a concert stage, commercial kitchen, and three furnished short-term rental suites. The 6,300-square-foot banquet hall is licensed for up to 299 guests and features 12-foot ceilings, a 32-foot Brazilian granite bar, and direct access to the kitchen. Brewing and hospitality improvements include a 10 BBL direct-fire brewhouse, 20-tap and 14-tap towers, a 44-foot custom copper bar, commercial cooking equipment, and a 32-foot by 15-foot walk-in cooler.

The concert venue includes a 12-foot by 28-foot permanent stage, Midas M32 digital mixing console, eight-box line array sound system, and DMX-controlled stage lighting with iPad controls. Additional property infrastructure includes 800-amp, 3-phase electrical service, a 10-foot by 10-foot recessed loading dock, ADA-compliant restrooms, and 200 LED-lit parking spaces. The 7.37-acre property is located at 18967 N Hwy 51 in Elkville, Illinois, along IL Route 51 between the Du Quoin and Carbondale markets.

Key Highlights

• 19,000 SF brewery and entertainment facility on 7.37 acres
• 6,300 SF banquet hall licensed for up to 299 guests
• 4,500 SF attached lean‑to beer garden

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$113,331

Cap Rate

7.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,266,620 $2.3M

Cap Rate 7%

$1,619,014 $1.6M

Cap Rate 9%

$1,259,233 $1.3M

Market Conditions

NOI Build-Up for 23,500 SF

Gross rent

$174.8K $7.44/SF

− Vacancy

−$12.9K −$0.55/SF

EGI

$161.9K $6.89/SF

− OpEx

−$48.6K −$2.07/SF

NOI

$113.3K $4.82/SF

Area

Jackson County, IL

Vacancy

7.40%

Lease Rate

$7.44 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,266,620

Cap Rate 7%

$1,619,014

Cap Rate 9%

$1,259,233

Alternative Uses

Best Use

Apartment 5plus

$2.61M

$2.28M – $3.04M (±1% cap)

NOI $182,447 @ 7.0% cap · market cap 11.77%

Second Best

Industrial

$1.62M

$1.42M – $1.89M (±1% cap)

NOI $113,331 @ 7.0% cap · market cap 7.31%

Theoretical Best

Office A

$6.41M

$5.60M – $7.47M (±1% cap)

NOI $448,380 @ 7.0% cap · market cap 28.93%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Breweries

Suggested Use

Top Pick Parking Lot & Garage Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Dock-high doors

Turnkey business

Opportunity

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

21

Businesses Nearby

Explore this area Business Placement

Demographics for 62932, IL

1,451

Population

599

Households

2.4

Avg Household Size

44

Median Age

11%

College-Educated

82%

High-School Grad

40.5 sq mi

ZIP Area

36

Density / Sq Mi

$45,050

Median Household Income

$28,259

Median Earnings

$734

Median Rent

$81,300

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this breweries located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Brewery - Includes a banquet hall, beer garden, commercial kitchen, and furnished short-term rental suites.

Where is this brewery located?

The property is located at 18967 US-51 Elkville, IL.

What is the asking price?

The asking price for this property is $1,550,000.

What are key features of this property?

This property features: 19,000 SF brewery and entertainment facility on 7.37 acres; 6,300 SF banquet hall licensed for up to 299 guests; 4,500 SF attached lean‑to beer garden