8595 Us-51, Cobden, IL 62920
Exceptional investment opportunity: $1,400,000 asking price for a 65-acre property in Cobden, Illinois (62920), located at 8595 US-51. This mixed-use property boasts 11,136 square feet of commercial space, currently vacant, and zoned for commercial use. The property includes a farm-to-table restaurant and wine bar, five rental cabins, two lakes, and a large outdoor concert amphitheater with ample parking. A 1200 square foot metal building and a three-acre vineyard are also included, presenting potential for winery development. Situated on the Shawnee Hills Wine Trail, this location offers easy access to twelve wineries and numerous outdoor recreational opportunities, including hiking trails, lakes, and rivers. The property is conveniently located off US Highway 51, south of Southern Illinois University in Carbondale. This unique property presents a rare opportunity to acquire a thriving business and event venue with significant expansion potential. The property's APN is 04-08-02-129-A2. An additional 33 acres of tillable land are available for separate purchase. The property is owned by an LLC.
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
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Property description
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No recorded transactions found for this property.
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