000 Starling Dr, Louisville, IL 62858
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.