14931 Hwy 37 Hwy Whittington, IL 62897
- Retail properties
- 7,930 SF
- 10.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 14931 Hwy 37 Hwy
- Year built
- 1999
- Lot size
- 10.00 lot acres
- Property size
- 7,930 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Whittington
- County
- Franklin
- State
- Illinois
- Longitude
- -88.9097
- Latitude
- 38.0789
