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    14931 Hwy 37 Hwy Whittington, IL 62897

    Sponsored
    For Sale
    $3,250,000

    Established Winery, Southern Illinois. High NOI.

    Property size:
    7,930 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional turnkey winery opportunity in Whittington, Illinois, presents a rare chance to acquire a profitable, established business with significant growth potential. Located on 10 acres at 14931 Highway 37, this property boasts two buildings totaling 7,930 square feet, built in 1999 and operating under a commercial zoning permit. Currently generating a Net Operating Income (NOI) of $250,000, representing a 6% cap rate, this owner-user investment offers a strong return on investment. The winery, known for its award-winning wines, has been successfully operating for 25 years, enjoying 100% occupancy. The existing infrastructure includes a production facility, tasting room, and event space, hosting various events such as murder mystery dinners, festivals, and sip-and-paint parties. Approximately 7 acres of undeveloped land offer significant expansion opportunities, including the potential for additional buildings, cabins, or expanded event venues. The property benefits from a prime location near Interstate 57, providing excellent highway visibility and accessibility. The existing wholesale business has room for significant growth, particularly in untapped markets like Chicago. The current owners are willing to assist with a negotiated transition period. This is a remarkable opportunity to acquire a thriving business with a strong reputation and substantial upside potential.

    Property Features for 14931 Hwy 37 Hwy

    General Information

    Property type
    Restaurants
    Square Feet
    7,930 SF
    Lot Size
    435,600 SF

    Building Details

    Year Built
    1999
    Buildings
    2

    HighLights

    • Established business with 25‑year history and award‑winning wines.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Whittington
    County
    Franklin
    State
    Illinois
    Longitude
    -88.9096928
    Latitude
    38.0788724

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    Nearby Similar for Sale

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      Successful Winery with Expansion Potential

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      14931 Hwy 37 Hwy, Whittington, IL 62897
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    FAQs

    What type of property is this?
    Restaurant - Established Winery, Southern Illinois. High NOI.
    Where is this restaurant located?
    The property is located at 14931 Hwy 37 Hwy Whittington, IL.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: Established business with 25-year history and award-winning wines.; ;
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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
    14931 Hwy 37 Hwy Whittington, IL 62897
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