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    Warehouses

    000 Starling Dr, Louisville, IL 62858

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    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Warehouses
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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