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14223 Route 111 7,140 SF Specialty Building Offered at $1,299,000 at a 13.15% Cap Rate in Chesterfield, IL 62630
INVESTMENT HIGHLIGHTS
- Amazing turn key opportunity with endless possibilities and a 10-14% Cap Rate!
- Fully Operational Kitchen with 2 walk in cooler, fryer, grill, wood fired pizza, bar setup with additional features and even a gaming room
- Can be operated as a wedding venue, full restaurant, brewery and so much more!
EXECUTIVE SUMMARY
ATTENTION Savvy Investors or those looking to leave the big city life! Welcome to Wild Pickins Vineyards–Your Ideal Private Event Center: Discover the perfect venue for all your special occasions! Nestled on over 8+ picturesque acres, this thriving property is designed to accommodate large indoor & outdoor events, Banquet Hall, making it an exceptional choice for weddings, birthday parties, bridal & baby showers, corporate meetings+. This incredible property offers endless possibilities for hosting unforgettable events in a private & enchanting setting. Continue the successful operation or create your own unique experience. The vineyard adds charm to any event along w/ gazebos and a lot out outdoor seating overlooking a 3.5 acre pond. Fully equipped kitchen & large bar ensures your guests enjoy delicious meals & drinks tailored to your event. Elevate the experience w/ the irresistible charm of a fully operational, woodfired pizza oven! Banquet tables/chairs/dinnerware, Sound System, Bandstand & Dancefloor, offers captivating backdrop for live bands & DJs. Picture your guests dancing under the stars! Location:
Wild Pickins Winery has been developed from the ground up.
Wait there is more, you can have a PRIVATE REDSIDENCE on 13 acres more or less with 40 x 60 pole building to include a 3.5 acre lake for $600,000, Additional 35 acres more or less and includes timber and CRP land at $6000, per acre. Plenty of acreage for expansion. Will sell the private residence and additional acreage separately or as a package, as needed. Property includes both 23-000-266-00 and 23-000-266-02 parcels totaling over 59 acres. Location: Hwy/Interstate Frntg, Rural
Wild Pickins Winery has been developed from the ground up.
Wait there is more, you can have a PRIVATE REDSIDENCE on 13 acres more or less with 40 x 60 pole building to include a 3.5 acre lake for $600,000, Additional 35 acres more or less and includes timber and CRP land at $6000, per acre. Plenty of acreage for expansion. Will sell the private residence and additional acreage separately or as a package, as needed. Property includes both 23-000-266-00 and 23-000-266-02 parcels totaling over 59 acres. Location: Hwy/Interstate Frntg, Rural
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
- Signage
- Waterfront
- Air Conditioning
ABOUT 14223 ROUTE 111 , CHESTERFIELD, IL 62630
Property includes 10 acres & Event Center from parcel 23-000-266-00. See Listing Agent for additional land for sale. Please submit all offers in PDF form to lance@lmerrickgroup.com and cc listings@lmerrickgroup.com. Please allow a 48 hour response time. Feel free to reach out to Lance with any questions at 727-488-7177. All information is presumed to be accurate, but please verify. Seller reserves the right to accept an offer at any time. More info here https://linktr.ee/lmerrickgroup
PROPERTY TAXES
| Parcel Number | 23-000-266-00 | Total Assessment | $94,879 |
| Land Assessment | $13,897 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $80,982 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
23-000-266-00
Land Assessment
$13,897
Improvements Assessment
$80,982
Total Assessment
$94,879
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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L. Merrick Group | Keller Williams Pinnacle
14223 Route 111
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