Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    947 Knox Highway 27 Gilson, IL 61436

    Sponsored
    For Sale
    $189,900

    Turn-key event space; historic charm.

    Property size:
    2,964 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,964 square foot event venue in Gilson, Illinois, presents a unique investment opportunity. Situated on a 1.25-acre lot at 947 Knox Hwy 27, this property boasts a renovated and updated building, perfect for a variety of events. The venue includes a charming wedding chapel featuring beautiful stained-glass windows and a rustic ambiance, a bride and groom dressing area, a spacious reception area, and a large prep space in the lower level. Recent improvements include a new roof, updated HVAC system, foundation work, refreshed bathrooms, and the addition of central air conditioning. The property also offers a small outdoor firepit area and ample space for outdoor events. All existing inventory is included in the sale price of $189,900. This turnkey operation is ideally suited for hosting weddings, birthday parties, showers, graduations, corporate events, and more. The property's location in Knox County, Illinois, zip code 61436, provides easy access for clients and guests. This is a rare chance to acquire an established and profitable event venue with significant recent upgrades. The property is ready for immediate use, offering a strong return on investment for the discerning buyer. Contact us today to schedule a viewing.

    Property Features for 947 Knox Highway 27

    General Information

    Property type
    Land
    Square Feet
    2,964 SF
    Lot Size
    54,450 SF

    Building Details

    Buildings
    1

    HighLights

    • $189,900 asking price.
    • 1.25‑acre lot with a 2,964 sq ft building.
    • Special purpose property; renovated event venue.
    • Includes wedding chapel, reception area, prep space, and outdoor areas.
    • All existing inventory included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Gilson
    County
    Knox
    State
    Illinois
    Longitude
    -90.2624112
    Latitude
    40.8384056

    Nearby Comparable

    • $184,900
      2,964 SF

      947 Knox Highway 27, Gilson, IL 61436

      Commercial real estate • 2,964 SF
      947 Knox Highway 27, Gilson, IL 61436
      View Details
    • $600,000
      990 SF

      973 Knox Rd 1330N Rd, Knoxville, IL 61448

      Commercial real estate • 990 SF
      973 Knox Rd 1330N Rd, Knoxville, IL 61448
      View Details
    • $220,000
      3,040 SF

      Downtown Knoxville Commercial Gem

      Renovated income property, prime location.
      223 Main St, Knoxville, IL 61448
      View Details
    • $1,000,000
      11,031 SF

      Knoxville Restaurant & Office Complex

      Turnkey Restaurant, Office Income, Huge Potential
      221 Main St, Knoxville, IL 61448
      View Details
    • $1,000,000
      11,031 SF

      Knoxville Commercial Land Investment

      Prime 11,031 SF Restaurant & Land
      221 Main St, Knoxville, IL 61448
      View Details
    • New
      $225,000
      31.92 Acres

      Recreational Land Near Galesburg

      32-acre recreational land with hunting and building potential.
      000 5Th St, East Galesburg, IL 61430
      View Details
    • $1,876,450
      10,500 SF

      410 Western Ave

      Individual retail properties • 10,500 SF
      410 Western Ave, Abingdon, IL 61410
      View Details
    • $199,900
      40,374 SF

      Galesburg Commercial Building - Huge Potential

      Massive industrial space, endless possibilities.
      796 Pearl St, Galesburg, IL 61401
      View Details
    • $45,000

      London Mills Commercial Land Investment

      Prime Retail Land, Two Lots, High Traffic
      301 3Rd St, London Mills, IL 61544
      View Details
    • $250,000

      Prime London Mills Restaurant

      Turnkey Restaurant, Established Business, High-Demand Location
      103 3Rd St, London Mills, IL 61544
      View Details
    • $1,400,000
      2,500 SF

      Freestanding Retail Space For Sale

      Freestanding retail space available for purchase.
      1420 E Main St, Carbondale, IL 62901
      View Details
    • $600,000

      Galesburg Commercial Building - $600K

      17,250 SF Multi-Use Commercial Property
      468 Berrien St, Galesburg, IL 61401
      View Details

    Nearby Similar for Sale

    • $184,900
      2,964 SF

      947 Knox Highway 27, Gilson, IL 61436

      Commercial real estate • 2,964 SF
      947 Knox Highway 27, Gilson, IL 61436
      View Details

    FAQs

    What type of property is this?
    Land - Turn-key event space; historic charm.
    Where is this land located?
    The property is located at 947 Knox Highway 27 Gilson, IL.
    What is the asking price?
    The asking price for this property is $189,900.
    What are key features of this property?
    This property features: $189,900 asking price.; 1.25-acre lot with a 2,964 sq ft building.; Special purpose property; renovated event venue.
    Request Owner's contact information
    947 Knox Highway 27 Gilson, IL 61436
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    947 Knox Highway 27
    Gilson, IL 61436
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    947 Knox Highway 27 Gilson, IL 61436
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.