4555 W Yorkhouse Rd
Wadsworth, IL 60083
61,000 sqft Banquet Facility with 5 Acres · Hospitality Property For Sale · 51,822 SF

A popular north shore wedding banquet facility offering an array of incredible indoor and outdoor event spaces for engagement parties, rehearsal dinners, ceremonies and receptions in a picturesque setting. Sitting on 66,000 beautiful square feet, it’s a classic romantic wedding venue with a focus on nature. Boasts stately landscaping, expansive terraces and full-height windows with exceptional views. The perfect place to showcase Illinois's sensational seasonal beauty. Or for those looking for a cozy intimate affair, they'll find luxurious decor, glittering chandeliers, inviting fireplaces, polished mirrors and eye-catching stonework in the spacious indoor reception rooms. All on a beautiful golf course setting along with course views, creeks, ponds, lakes, waterfalls and fountains. Features two outdoor and two indoor ceremony sites, along with the five striking ballrooms capable of accommodating up to 400 guests. Outside, couples have the option of a wooden gazebo with peaceful pond views or for larger ceremonies their spacious patio with modern stonework. Plus spacious stylish dressing suites for each wedding party. The facility also includes the golf course grill, as well as, the pro shop and cart storage area which are leased out by the golf club. And three fully equipped kitchens. The venue is available for all types of ceremonies. And offers a wide range of do-it-yourself or all-inclusive packages. Each has a dedicated event planner. Already have $762,000 in deposits for 2020! Location: A charming golf course wedding venue located in Wadsworth, Illinois. Perfectly situated next to Midlane Golf Course and The Lotus Suites Hotel. Year Established: 2000 (Current Owner Since 2015) Property: Built in the 1950’s, expanded in the 1970’s and over 1 million dollars in recent renovations. 2018 real estate taxes $56,187. Lease Information: Current owner is also willing to run and sublease the facility for one year through the year 2020. Square Feet: 66,000 Seating: 400 (5 Banquet Rooms) Days/Hrs of Operation: Open for scheduled events only. (Other than the grill, pro shop, cart storage) # Of Employees: 30 (In Season) Training: Two weeks on-site comprehensive training. Gross Income (2018): $1,500,000 (Forecasting Over $1,600,000 for 2019) Net Operating Income (Sellers Discretionary Earnings): $224,000 Value of FF&E: Included In Asking Price Seller Financing: No Reasons for Selling: Too far from other west coast locations. Competition/Market: A first-rate event space. An idyllic venue. Options are endless at this spectacular full-service ceremony and reception site. Offers a plethora of event spaces both indoor and outdoor festivities. Gorgeous greenery galore at this Northern Illinois hideaway. Operates all four seasons. Winter, spring, summer and fall, every season is equally stunning at this amazing banquet facility. Has longstanding relationships with established wedding vendors. Well-known for their great service and convenience. Growth and Expansion: Attracts couples from all over Illinois such as Wadsworth, Waukegan, McHenry, Rockford, Elgin and Arlington Heights. It’s also near the Wisconsin state line, an easy drive from Kenosha, Milwaukee, Janesville and Madison. Well established over 19 years! Highly rated and recommended on The Knot, Wedding Wire, Yelp, Facebook and more. Great reputation to continue to build upon!