8540 Thompsonville RdThompsonville, IL 62890

  • Commercial real estate
  • 5.00 AC
For Sale
$665,000 View listing

Property Details for 8540 Thompsonville Rd

Lot size
5.00 AC
Property type
Commercial real estate
APN
922300020
APU
922300020

Description

This exceptional 2,500 square foot commercial property, situated on a spacious 5-acre lot at 8540 N Thompsonville Road in Thompsonville, Illinois, presents a unique investment opportunity. Currently operating as a thriving combination restaurant, convenience store, and gaming establishment, this versatile property offers significant potential for continued success under existing operations or creative adaptation to suit a variety of commercial ventures. The substantial building, a 50x50 pole barn, is equipped with a comprehensive array of commercial-grade kitchen equipment, including a pizza oven, commercial gas range, gas grill, food warmer, pizza warmer, prep table, fryer, an outdoor fish fryer with a triple basket, 3-door freezer, cold case, beer case, soda cooler, and a 1000 lb ice maker. A 13-door cooler and a 4-door cooler provide ample cold storage. Included in the sale is a storage shed. The existing liquor and gaming licenses will transfer to the new owner, subject to specific stipulations. The sale includes almost all existing contents. This turnkey operation offers immediate income potential and the flexibility to tailor the space to your specific business needs. The expansive 5-acre lot provides ample room for expansion, outdoor seating, or additional development. This property represents a rare opportunity to acquire a well-established business with significant upside potential in a desirable location. The property's size, existing infrastructure, and included equipment make it an attractive proposition for a wide range of commercial enterprises.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $56,984,048
    Hospitality
    $52,197,084
    Educational
    $43,427,360
    Medical
    $44,920,892
    Retail
    $67,553,672

Location Insight

City
Thompsonville
County
Franklin
State
Illinois
Latitude
37.9867
Longitude
-88.7607

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,864
$11,025
$96,645
$107,670
-
$33,075
$289,935
$323,010

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