947 Knox Highway 27, Gilson, IL 61436
For Sale
1 / 90
This exceptional 2,964 square foot event venue in Gilson, Illinois, presents a unique investment opportunity. Situated on a 1.25-acre lot at 947 Knox Hwy 27, this property boasts a renovated and updated building, perfect for a variety of events. The venue includes a charming wedding chapel featuring beautiful stained-glass windows and a rustic ambiance, a bride and groom dressing area, a spacious reception area, and a large prep space in the lower level. Recent improvements include a new roof, updated HVAC system, foundation work, refreshed bathrooms, and the addition of central air conditioning. The property also offers a small outdoor firepit area and ample space for outdoor events. All existing inventory is included in the sale price of $189,900. This turnkey operation is ideally suited for hosting weddings, birthday parties, showers, graduations, corporate events, and more. The property's location in Knox County, Illinois, zip code 61436, provides easy access for clients and guests. This is a rare chance to acquire an established and profitable event venue with significant recent upgrades. The property is ready for immediate use, offering a strong return on investment for the discerning buyer. Contact us today to schedule a viewing.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
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.
