$ 1,299,000
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$1,299,000
Price -
0
Bed - Bath
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0
SqFt
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About the Listing KWPN01 - LMERRICK
Hey dreamers and doers alike! if you’ve been waiting for the perfect chance to escape city life and launch your next venture in a charming small town, this is it. Welcome to Wild Pickins’ Banquet Hall, a unique mixed-use property with truly endless opportunities. Think on this: turnkey event space, restaurant, brewery, gaming center, campground, or all of the above. If you can dream it, this property can deliver. With highway frontage and strong visibility, you’re positioned to attract both local residents and regional visitors. Located in Chesterfield, Illinois, this property combines small-town charm with convenient access to the St. Louis metro area. Chesterfield sits within Madison County and offers an accessible location for weddings, banquets, and corporate retreats. Offered at $1,299,000, the sale includes the business, building, over nine acres of land, and a fully equipped commercial kitchen featuring gas ranges, pizza oven, fryers, grill, and walk-in coolers, everything you need to open your doors immediately. Property Highlights: Over 9 acres with vineyards, lake views, gazebos, and ample parking Indoor and outdoor seating, large bar, bandstand/dance floor, and sound system, fully equipped kitchen plus wood-fired pizza oven Highway frontage and destination appeal Financial Highlights (per seller materials): Three-year average gross revenue: approximately $646,000 Net Operating Income: approximately $171,000 under a three-day operating schedule in 2024 Projected NOI: approximately $192,000 with a wedding/banquet-focused plan Estimated cap rate: 12–14%, depending on operating model This is a prime opportunity for an experienced operator, a portfolio expansion, or a strategic 1031 exchange. Whether you’re envisioning a branded venue, a multi-use hospitality destination, or a lifestyle business with multiple profit centers, Wild Pickins’ offers the platform to make it happen.
Listing Highlights for 14223 Il 111 Route
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances: Stainless Steel Appliance(s), Dishwasher, Ice Maker, Indoor Grill, Gas Oven, Free-Standing Gas Range, Gas Range, Gas Water Heater, Fuel Tank(s)
- Air Cond: Central Air,Electric
- Heating: Forced Air,Propane
- Fireplaces:
- Floor: Concrete
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Lake,Lake Front,Lake Privileges
- Garage Capacity: N/A
- Parking Spaces: 50
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $3,463
- Taxes w/Assessments: N/A
- Tax/Property ID: 23-000-266-02
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
14223 Il 111 Route Chesterfield, IL 62630
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