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    000 Starling Dr Louisville, IL 62858

    Sponsored
    For Sale
    $215,000

    Illinois Commercial Land: Versatile Venue, $215,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 4.22-acre property in Louisville, Illinois, presents a unique investment opportunity. Located on a quiet dead-end road near Flora, the site features a charming log cabin building previously used as a successful event venue. The rustic interior boasts a large open area, a substantial barn wood bar, and barn tin accents on the walls and ceiling, complemented by double French doors. The spacious layout is ideal for hosting various events, including birthday parties, bridal showers, and wedding receptions. An expansive outdoor area with picnic tables and a fire pit provides ample space for gatherings, with room for additional tented areas. The property's versatility extends beyond event hosting; its potential as a deer hunting lodge or traveler's rental is significant. With minimal modifications, the building could easily be converted into a comfortable residence. The property includes a mini-split heating and cooling system, 200-amp electrical service, a septic system, and rural water. The substantial acreage offers ample room for expansion or the construction of a new home. This property is priced at $215,000 and presents endless possibilities for a savvy investor. The property is zoned for commercial, restaurant, and warehouse uses. The existing building is heated and cooled and has a septic system and rural water. The property is located in Clay County, Illinois, with the address being 000 Starling Drive, Louisville, IL 62858.

    Property Features for 000 Starling Dr

    General Information

    Property type
    Restaurants

    Building Details

    Buildings
    1

    HighLights

    • $215,000 asking price.
    • 1‑building property on 4.22 acres in Louisville, IL.
    • Located on a dead‑end road near Flora, IL.
    • Existing building suitable for various uses, including restaurant, event venue, or residential conversion.
    • Features a large open area, bar, and outdoor space with picnic tables and fire pit.
    • Equipped with a mini‑split HVAC system and 200‑amp electrical service.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Louisville
    County
    Clay
    State
    Illinois
    Longitude
    -88.4745479
    Latitude
    38.7411594

    Nearby Comparable

    • $199,000
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      Louisville Commercial Property: 4.22 Acres

      Rustic Venue, Hunting Lodge, or Home Site
      000 Starling Dr, Louisville, IL 62858
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      Turnkey Gaming Lounge, Store, and Bar

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      Flora, IL Turnkey Business Opportunity

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      Prime Flora, IL Commercial Land

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    • Contact for pricing
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      Downtown Flora Commercial Building

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    Nearby Similar for Sale

    • $199,000
      1,175 SF

      Louisville Commercial Property: 4.22 Acres

      Rustic Venue, Hunting Lodge, or Home Site
      000 Starling Dr, Louisville, IL 62858
      View Details

    FAQs

    What type of property is this?
    Restaurant - Illinois Commercial Land: Versatile Venue, $215,000
    Where is this restaurant located?
    The property is located at 000 Starling Dr Louisville, IL.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: $215,000 asking price.; 1-building property on 4.22 acres in Louisville, IL.; Located on a dead-end road near Flora, IL.
    Request Owner's contact information
    000 Starling Dr 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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