7642 Grain Bin RdToulon, IL 61483

Property Details for 7642 Grain Bin Rd

Lot size

6.77 AC

Zone code

AG-1 SPECIAL USE

Property type

Commercial real estate

APN

04-29-200-010

APU

429200010

Description

This exceptional 6,400-square-foot commercial property, situated on 6.77 acres of land in Toulon, Illinois, presents a remarkable opportunity. Currently utilized as a successful event center, this versatile building offers a multitude of potential uses. The main structure features a large 50x100-foot open space with a capacity for 300 guests, perfect for weddings, auctions, banquets, and graduations. A 50x28-foot loft provides additional space, while a fully equipped 15x20-foot commercial kitchen includes a commercial stove, double oven, vent hood, three-basin sink, double stainless-steel refrigerator and freezer, double fryer, grease trap, and handwashing sink. Two well-appointed restrooms (one women's with three stalls and one men's with two urinals and two stalls) each boast double sinks, counters, ceramic tile floors, and wainscoting. A 14x16-foot office provides administrative space. The building is equipped with city water, a septic system, an electric water heater, and an LP tank (owned by Michlig). The 6-inch concrete floor incorporates radiant heat, supplemented by LP ventless radiant ceiling heat. Access is provided by a large 12x14-foot insulated overhead door. The building also boasts 9-foot insulated side walls and a 200-amp electrical service. Two additional sheds are located on the property. The property is conveniently located on a paved county road just east of Toulon, off Route 17, and offers ample gravel parking. The property is zoned AG-1 Special Use.

• Alternative Use

  Use

  Valuation

  Residential

  $60,948,340

  Hospitality

  $55,828,352

  Educational

  $46,448,532

  Medical

  $48,045,968

  Retail

  $72,253,272

Location Insight

City

Toulon

County

Stark

State

Illinois

Latitude

41.0901

Longitude

-89.838

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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