Search
Wedding Venue with Indoor and Outdoor Event Space

202 S Broad St, Hillsboro, IL 62049

For Sale
$495,000

Separate banquet, lower-level, and patio areas support indoor and outdoor events, with commercial kitchens and bar facilities.

Property Size3,451 SF
Price / SF$143.44
Days on Market15

Property Features for 202 S Broad St

General Information

Standard status Active
Size 3,451 SF

Additional Details

Patio Yes

Taxes and HOA fees

Annual Taxes $4,438
Listing Agency: Tarrant and Harman Real Estate and Auction Co
Listed By: Travis Tarrant · License #471016673
Source: Exprealty
Added: Oct 26 Changed: Nov 8 Last Checked: Nov 8 at 3:44PM

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 Tarrant and Harman Real Estate and Auction Co

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 3,451-square-foot wedding venue includes a main banquet hall with cathedral ceilings, stained glass, hardwood floors, and two entryways. The property has a commercial kitchen with a six-burner gas stove, grill, griddle, fryers, refrigerated prep table, sinks, and a double-door refrigerator. A second kitchen, walk-in cooler, freezers, and additional cooking equipment are located on the lower level. Bar facilities include a main bar and an outdoor bar with epoxy countertops, coolers, and a stainless steel sink; the lower-level bar area is nearly complete.

Outdoor event space includes a stamped concrete patio and elevated concrete stage. Restrooms are provided in the lower level and outdoors. Improvements include a roof installed in 2019, dual gas water heaters added in 2023, and completion of the outdoor bar in May 2024.

Key Highlights

  • 3,451‑square‑foot wedding venue with banquet hall, lower‑level event area, and outdoor patio
  • Main hall features cathedral ceilings, stained glass windows, hardwood flooring, and dual entryways
  • Two kitchens with commercial cooking equipment, including a six‑burner gas stove, fryers, grill, and griddle

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

The Abbey on Broad Hotel & Motel

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Plumbing Service Auto Repair Shop Skin Care Clinic HVAC Service

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

Location Intelligence

Trade Area within ½ mile

306
Businesses Nearby
28k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 66% Dining 21% Home Improvements & Furnishings 14%
MotoMart Shops & Services
8,589 visits/mo 0.5 miles
Casey's General Store Shops & Services
8,577 visits/mo 0.2 miles
Hardee's Dining
5,747 visits/mo 0.4 miles
Ace Hardware Of Hillsboro Home Improvements & Furnishings
3,864 visits/mo 0.3 miles
Napa Auto Parts Shops & Services
1,179 visits/mo 0.3 miles

Demographics for 62049, IL

7,952
Population
2,970
Households
2.7
Avg Household Size
42
Median Age
14%
College-Educated
87%
High-School Grad
82.1 sq mi
ZIP Area
97
Density / Sq Mi
$54,767
Median Household Income
$36,264
Median Earnings
$817
Median Rent
$106,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Wedding venue - Separate banquet, lower-level, and patio areas support indoor and outdoor events, with commercial kitchens and bar facilities.
Where is this wedding venue located?
The property is located at 202 S Broad St Hillsboro, IL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 3,451‑square‑foot wedding venue with banquet hall, lower‑level event area, and outdoor patio; Main hall features cathedral ceilings, stained glass windows, hardwood flooring, and dual entryways; Two kitchens with commercial cooking equipment, including a six‑burner gas stove, fryers, grill, and griddle
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved