315 Forman Ln Belknap, IL 62908
For Sale
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This exceptional 90-acre property in Belknap, IL, presents a unique investment opportunity. The main building houses a thriving restaurant with seating for 160 guests (80 inside, 80 outside on decks overlooking a picturesque pond). A fully equipped modern kitchen supports the restaurant's operations. The adjacent winery boasts a tasting room, and the property includes established grapevines and all necessary wine-making equipment. Three barns provide ample storage for equipment and supplies, complemented by three tractors with attachments and a forklift. A modern cabin is available for guest rentals, and a second cabin site is ready for construction with a completed concrete foundation. All public utilities are available, along with a well on the property. The expansive grounds offer ample parking, making it ideal for hosting large events such as weddings, meetings, and parties. The property's beautiful rural setting adds to its appeal. The 5,000 square foot main building offers significant potential for expansion, including additional rental cabins and a campground, further enhancing revenue streams. The asking price is $1,500,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
