315 Forman LnBelknap, IL 62908

Property Details for 315 Forman Ln

Year built

2009

Lot size

2.50 AC

Property type

Commercial real estate

APN

08-32-303-002

APU

832303002

Description

This exceptional 90-acre property in Belknap, IL, presents a unique investment opportunity. The main building houses a thriving restaurant with seating for 160 guests (80 inside, 80 outside on decks overlooking a picturesque pond). A fully equipped modern kitchen supports the restaurant's operations. The adjacent winery boasts a tasting room, and the property includes established grapevines and all necessary wine-making equipment. Three barns provide ample storage for equipment and supplies, complemented by three tractors with attachments and a forklift. A modern cabin is available for guest rentals, and a second cabin site is ready for construction with a completed concrete foundation. All public utilities are available, along with a well on the property. The expansive grounds offer ample parking, making it ideal for hosting large events such as weddings, meetings, and parties. The property's beautiful rural setting adds to its appeal. The 5,000 square foot main building offers significant potential for expansion, including additional rental cabins and a campground, further enhancing revenue streams. The asking price is $1,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $28,211,200

  6.5%

  $26,041,100

  7%

  $24,181,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,489,840

  Geo Method

  $8,489,840

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $51,162,100

  Retail / Commercial

  $26,256,600

  Mixed-Use / Specialty

  $26,179,500

  Hospitality / Lodging

  $19,228,500

  Office

  $26,041,100

  Institutional / Educational

  $27,222,000

  Residential Income

  $31,849,700

  Multifamily

  $38,107,400

  Automotive / Energy

  $23,333,100

  Parking / Income-Based Land

  $8,035,690

  Restaurant / Food Service

  $13,651,300

  Healthcare / Senior Housing

  $26,829,600

Location Insight

City

Belknap

County

Johnson

State

Illinois

Latitude

37.342

Longitude

-88.9044

CBSA code

16060

CBSA name

CARBONDALE-MARION, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].