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    Property profile & analytics

    947 Knox Highway 27 Gilson, IL 61436

    • Commercial real estate
    • 2,964 SF
    • 1.25 lot acres
    For Sale
    View listing
    $189,900
    Value Estimation
    Last Sale
    Dec 17, 2020
    Location Intelligence
    Property ID
    US28-2960814
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 947 Knox Highway 27

    Year built
    1856
    Construction
    FRAME
    Lot size
    1.25 lot acres
    Property size
    2,964 SF
    Property type
    Commercial real estate
    APN
    14-22-100-003
    APU
    1422100003

    Description

    This exceptional 2,964 square foot event venue in Gilson, Illinois, presents a unique investment opportunity. Situated on a 1.25-acre lot at 947 Knox Hwy 27, this property boasts a renovated and updated building, perfect for a variety of events. The venue includes a charming wedding chapel featuring beautiful stained-glass windows and a rustic ambiance, a bride and groom dressing area, a spacious reception area, and a large prep space in the lower level. Recent improvements include a new roof, updated HVAC system, foundation work, refreshed bathrooms, and the addition of central air conditioning. The property also offers a small outdoor firepit area and ample space for outdoor events. All existing inventory is included in the sale price of $189,900. This turnkey operation is ideally suited for hosting weddings, birthday parties, showers, graduations, corporate events, and more. The property's location in Knox County, Illinois, zip code 61436, provides easy access for clients and guests. This is a rare chance to acquire an established and profitable event venue with significant recent upgrades. The property is ready for immediate use, offering a strong return on investment for the discerning buyer. Contact us today to schedule a viewing.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gilson
    County
    Knox
    State
    Illinois
    Longitude
    -90.2621
    Latitude
    40.8384
    CBSA code
    23660
    CBSA name
    GALESBURG, IL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $940
    $4,710
    $7,630
    $12,340
    -
    $14,130
    $22,890
    $37,020

    Comparable in this City

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    • Value Estimation by Request
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    • Value Estimation
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      1686 Knox Rd 1200th N

      COMMERCIAL (GENERAL) • 73.26 Acres
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      View Details
    • Value Estimation
      $320,000
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      1473 Knox Rd 1250th N

      COMMERCIAL (GENERAL) • 1.25 Acres
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    • Value Estimation by Request
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    Similar Nearby for Sale

    • $189,900
      1.25 Acres

      Gilson, IL Event Venue - $189,900

      Turn-key event space; historic charm.
      947 Knox Highway 27, Gilson, IL 61436
      View Details
    • $184,900
      2,964 SF

      947 Knox Highway 27, Gilson, IL 61436

      Commercial real estate • 2,964 SF
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    Gilson, IL 61436
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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
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