Property profile

18967 Us Highway 51 Elkville, IL 62932

FOR SALE
Other commercial real estate
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Property ID
US28-3457384
7.37 ac
Last sale Feb 2016·$360,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

Route 51 Brewing Company is a two-level brewery and entertainment property totaling approximately 19,000 SF, with an attached 4,500 SF beer garden, situated on 7.37 acres at 18967 N Hwy 51 in Elkville, Illinois. The improvements include a 10 BBL brewhouse, two tap towers, and a 44-foot bar, along with a commercial kitchen and banquet/entertainment infrastructure. The property also includes three furnished short-term rental suites and a 6,300 SF banquet hall licensed for up to 299 guests,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$10k
Tax billed · 2022
Assessed value$140k
Assessed land$4k
Assessed improvement$136k
Effective rate6.83%

Value estimate

· Nov 2026
$275k
$248k – $303k
AI approach$275k
NOI build-up
Gross scheduled income$175k
Vacancy & credit loss−$13k
Operating expenses−$49k
NOI · 7.31% cap applied$113k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
7.31%
$113k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionJACKSON

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand index
Parking Facility9.0
Bar & Pub4.8

Location

18967 Us Highway 51 Elkville, IL 62932
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 6 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
311 6th, Elkville, IL 62932-1094 $25,000 May 2025 No data
300 4th, Elkville, IL 62932 $18,000 May 2024 No data
514 Coal, Elkville, IL 62932-2523 $88,500 Apr 2022 No data
21900 Us Hwy 51, Elkville, IL 62932 $1,050,500 Jul 2019 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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