1202 Keller Dr Effingham, IL 62401
- Wedding venues
- 27,250 SF
- 4.72 lot acres
Current Use by Public Records
- Wedding venues
Property Details for 1202 Keller Dr
- Year built
- 1982
- Lot size
- 4.72 lot acres
- Property size
- 27,250 SF
- Property type
- Wedding venues
Description
The Thelma Keller Convention Center, located at 1202 N Keller Dr, Effingham, IL 62401, presents a unique investment opportunity. This mixed-use property boasts a substantial 27,250 square feet situated on a generous 4.72-acre lot. Built in 1982, the single building currently enjoys 100% occupancy, generating a strong return. The asking price is $3,600,000, translating to $132.11 per square foot. This established event center is ideally positioned in Effingham County, Illinois, offering significant potential for continued success and future growth. The property's size and prime location make it an attractive prospect for investors seeking a stable, high-performing asset in a thriving community. The building's age presents opportunities for potential renovations or upgrades to further enhance its value and appeal. With its current high occupancy rate, this property offers immediate cash flow and a solid foundation for long-term investment. The substantial lot size also allows for potential expansion or future development. This is a rare opportunity to acquire a well-established and profitable convention center in a desirable location.
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
- Effingham
- County
- Effingham
- State
- Illinois
- Longitude
- -88.56361445
- Latitude
- 39.13793654
