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Property profile & analytics

7642 Grain Bin Rd Toulon, IL 61483

  • Commercial real estate
  • 6.77 lot acres
Value Estimation
Location Intelligence
Property ID
US28-4900872
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 7642 Grain Bin Rd

Lot size
6.77 lot acres
Zone code
AG-1 SPECIAL USE
Property type
Commercial real estate
APN
04-29-200-010
APU
429200010

Description

This exceptional 6,400-square-foot commercial property, situated on 6.77 acres of land in Toulon, Illinois, presents a remarkable opportunity. Currently utilized as a successful event center, this versatile building offers a multitude of potential uses. The main structure features a large 50x100-foot open space with a capacity for 300 guests, perfect for weddings, auctions, banquets, and graduations. A 50x28-foot loft provides additional space, while a fully equipped 15x20-foot commercial kitchen includes a commercial stove, double oven, vent hood, three-basin sink, double stainless-steel refrigerator and freezer, double fryer, grease trap, and handwashing sink. Two well-appointed restrooms (one women's with three stalls and one men's with two urinals and two stalls) each boast double sinks, counters, ceramic tile floors, and wainscoting. A 14x16-foot office provides administrative space. The building is equipped with city water, a septic system, an electric water heater, and an LP tank (owned by Michlig). The 6-inch concrete floor incorporates radiant heat, supplemented by LP ventless radiant ceiling heat. Access is provided by a large 12x14-foot insulated overhead door. The building also boasts 9-foot insulated side walls and a 200-amp electrical service. Two additional sheds are located on the property. The property is conveniently located on a paved county road just east of Toulon, off Route 17, and offers ample gravel parking. The property is zoned AG-1 Special Use.

Value Estimation

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

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Toulon
County
Stark
State
Illinois
Longitude
-89.838
Latitude
41.0901
CBSA code
37900
CBSA name
PEORIA, IL METROPOLITAN 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
2022
$7,235
$10,739
$74,469
$85,208
-
$32,217
$223,407
$255,624
More about this property
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