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Property profile & analytics
OFF-MARKET
Wedding venues

1202 Keller Dr Effingham, IL 62401

27,250 SF 4.72 ac lot Built 1982
Entity Owned 7-yr Hold
Property ID
US28-5180253
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Wedding venues
Year built 1982
Total area 27,250 SF
Lot 4.72 ac (205,603 SF)
UPID US28-5180253
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Djk Enterprises LLC · 7 yrs held
Djk Enterprises LLC
since 2018
1 recorded transaction
2018
$1.1M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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