Commercial Real Estate in Illinois available for sale
Wedding Venues For Sale

Wedding Venues for Sale in Illinois, USA

More details for 7665-7667 N Milwaukee Ave, Niles, IL - Retail for Sale

7665-7667 N Milwaukee Ave

Niles, IL 60714

  • Wedding Venue
  • Retail for Sale
  • $1,524,509 CAD
  • 5,929 SF
  • Air Conditioning
  • 24 Hour Access

Niles Retail for Sale - Near North

Prime Investment Opportunity | 6% CAP Rate | Fully Leased Retail Property in Niles Exceptional opportunity to acquire a fully leased, two-unit masonry retail building in a high-visibility, high-traffic location in Niles. Positioned prominently at the corner of Milwaukee Ave and Jonquil Terrace, this property offers strong in-place income and long-term upside. Property Highlights: • 6% CAP Rate with stable, long-term tenants • 6,000+ sq ft building on a 10,564 sq ft lot • Zoned C-3 (Commercial) – ideal for a variety of uses • Two retail units: o Unit 1: approx. 3,029 sq ft o Unit 2: approx. 2,280 sq ft • Both units are fully leased with long-term lease agreements Visibility & Location: • 123.20 ft of frontage on Milwaukee Ave • Approx. 26,200 vehicles per day (VPD) for maximum exposure • Located just north of Howard & Milwaukee intersection • Easy access to major expressways, public transportation, and retail corridors Building Features: • 12–14 ft ceilings for flexible retail layouts • Well-maintained property with strong curb appeal • ADA-compliant restrooms (men’s & women’s) • Ample signage opportunities • 200-amp electrical service • Private parking lot for ~30 vehicles plus additional street parking • Professionally landscaped exterior Future Potential: • Excellent retail build-out already in place • Potential for mixed-use or redevelopment • Possible TIF incentives available through the Village of Niles Nearby Businesses: Situated among established retailers and destinations including Kouklas Ristorante, Taco Bell, Baskin Robbins, and Lone Tree Manor Banquet Hall. Additional Details: • 3 PINs: 09252110010000, 09252110020000, 09252110030000 • Please do not disturb tenants • Showings by appointment only – contact Mayur Trivedi: 847-692-2268

Contact:

Illinois Real Estate Partners

Property Subtype:

Freestanding

Date on Market:

2026-04-28

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More details for 111 W Adams St, Pittsfield, IL - Retail for Sale

111 W Adams St

Pittsfield, IL 62363

  • Wedding Venue
  • Retail for Sale
  • $615,825 CAD
  • 6,912 SF

Pittsfield Retail for Sale

Established in 1933, this family-owned and operated downtown Pittsfield property offers a rare opportunity to acquire a long-standing bar and entertainment venue with significant square footage, structural updates and future-use potential. Located at 111, 113, and 115 W Adams Street, the property spans approximately 6,912 square feet across multiple connected buildings, creating a functional footprint well-suited for continued bar operations, event use, possible restaurant services or adaptive redevelopment. The main tavern space delivers a classic bar atmosphere with generous seating, pool tables, gaming areas and a full-service bar layout. A dedicated 16’x27’ storage room provides additional operational space for inventory storage and other supplies or equipment. It is complemented with a walk-in cooler measuring 6’x6’, both allowing for efficient beverage and food storage. There is an additional walk-in cooler measuring 10’x10’. The approximately 12’x12’ kitchen, currently unused but used to be a booming pizza joint, supports potential for food service operation. It features a drive-thru window providing essential, easy food pick-up capabilities for Pittsfield residents. Upstairs in the west building, the property expands into a large unused banquet hall, offering flexibility for private events, gatherings, or future conversion. Adjacent to this space is a small apartment featuring one bedroom and one-and-a-half bathrooms, creating an on-site living option or rental opportunity. The upper-level layout presents clear potential to enlarge the existing apartment footprint or reconfigure the space for expanded residential, office or event use. Structurally, the property has seen meaningful maintenance and updates. The west building features a rubber roof installed approximately four years ago, and tuck pointing has been completed, preserving the integrity of the exterior masonry. The basement includes a concrete floor and a cellar door. Heating is present throughout most of the building, with the far west room currently receiving heat from the adjacent middle room. An outdoor seating area provides additional value, allowing for seasonal use and increased patron capacity. The building’s historic character, visible in its architectural details and long-standing presence on Adams Street, enhances its appeal for buyers seeking a property with community recognition and legacy. Lindsay’s Tavern presents multiple avenues for ownership: continuation of an established bar and entertainment business, repositioning as an event venue, or redevelopment into a mixed-use asset combining commercial and residential components. Its size, layout, and Pittsfield Square location make it a compelling opportunity in the Pike County market.

Contact:

Whitetail Trophy Properties Real Estate LLC

Property Subtype:

Bar

Date on Market:

2026-03-26

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More details for 5319 W Belmont Ave, Chicago, IL - Retail for Sale

5319 W Belmont Ave

Chicago, IL 60641

  • Wedding Venue
  • Retail for Sale
  • $1,505,350 CAD
  • 5,300 SF
  • Air Conditioning
  • Restaurant

Chicago Retail for Sale - Northwest City

This premium investment opportunity presents a turnkey banquet hall and established business, including the underlying real estate. Spanning 5,300 square feet, the property has undergone an extensive renovation down to the studs to offer a refined, modern aesthetic throughout. The building infrastructure is entirely updated with all-new HVAC units, a brand-new flat roof, and upgraded electrical and plumbing systems. Designed for maximum versatility, the space is a staple for private parties and community events alike. The intelligent layout can be divided to accommodate two separate parties simultaneously, with both the front and rear sections of the venue featuring their own private wet bars. Guests will appreciate the contemporary styling, five flat-screen televisions, and elegantly designed facilities, including a dedicated employee bathroom, a four-stall women's restroom, and a two-stall men's restroom with all-new fixtures. While the venue is currently a sought-after destination for weekend rentals, significant upside potential exists to maximize profit. A new owner could expand operations by booking weekday events or utilizing the high-capacity commercial kitchen as a restaurant or "ghost kitchen" during non-event hours. The kitchen is fully prepared for high-volume operations, featuring a walk-in cooler, walk-in freezer, commercial stove, grill, deep fryer, and exhaust fan. Additional assets include a heating table, dishwasher, and a complete inventory of china, tableware, and server ware. The venue is move-in ready with 25 tables and approximately 130 chairs. Conveniently located, the property offers five private parking spaces at the rear with an abundance of public parking directly in front. With ongoing bookings already on the calendar, this is an exceptional chance to acquire a fully modernized facility designed for immediate and scalable success.

Contact:

ChicagoLand Brokers Inc

Date on Market:

2026-03-02

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More details for 14931 State Highway 37, Whittington, IL - Specialty for Sale

14931 State Highway 37

Whittington, IL 62897

  • Wedding Venue
  • Specialty for Sale
  • $3,421,250 CAD
  • 7,930 SF
  • Air Conditioning

Whittington Specialty for Sale

Discover a rare opportunity to own a successful, turn-key winery in the heart of Southern Illinois. Operating for over 25 years, this well-known winery produces 18–20 different wines, all of which have earned numerous awards over the years. Its reputation, loyal customer base, & proven history of growth make it an exceptional investment. Situated on approximately 10 acres with 4+ acres available for expansion, presenting endless possibilities. Potential uses include an event venue, banquet hall, rental cabins, or expanded production facilities. Located near Rend Lake—an area famous for outstanding fishing, hunting, boating, & camping—this destination draws locals & visitors alike. The winery also benefits from excellent highway exposure, just 1.5 miles off I-57 at Exit 77, making it easily accessible for travelers & tourists. The Chicago-area market remains largely untapped, leaving significant opportunity for wholesale & retail growth. The winery is known for hosting a variety of popular events, including monthly Murder Mystery dinners, Cajun Festival, Blues & Barbecue Festival, that consistently draw large crowds. Weekend live music, karaoke, food trucks, & a welcoming atmosphere keep guests returning throughout the year. Being sold with everything needed to continue operations & assistance for a smooth transition. With a strong wholesale presence throughout the state and substantial room for development, the potential for future revenue is extraordinary.

Contact:

Keller Williams Pinnacle - MTV

Property Subtype:

Winery/Vineyard

Date on Market:

2025-12-09

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More details for 15165 Quigley Rd, Sycamore, IL - Specialty for Sale

15165 Quigley Rd

Sycamore, IL 60178

  • Wedding Venue
  • Specialty for Sale
  • $2,942,275 CAD
  • 10,428 SF

Sycamore Specialty for Sale - Western East/West Corr

ENDLESS POSSIBILITIES AWAIT! ...A RARE OPPORTUNITY TO LIVE, WORK, AND DREAM ALL IN ONE PLACE! This is the perfect opportunity for the visionary buyer or entrepreneur ready to continue a long-time, turn-key business and/or bring an exciting new vision to life. Set on approximately 7 acres of breathtaking grounds, this property is a rare combination of beauty, versatility, and potential. From the moment you arrive, you'll be captivated by the manicured landscaping, gazebos, pergola, brick paver walkways, patios, and wildflower prairie that create a setting of timeless charm and natural elegance. Whether you're imagining weddings, events, retreats, or a boutique bed-and-breakfast, the possibilities here are truly endless. The banquet hall offers a covered entrance, bar, dance floor, stage, accessible restrooms, catering prep and serving rooms, laundry, and ample storage - everything you need to host unforgettable gatherings. A two-story barn offers even more potential, whether for creative repurposing or abundant storage. The property also features a picturesque chapel that seats up to 100 guests, a cottage with restrooms, a sound shed, lighted paved parking, and a 2.5-car garage. At the heart of it all is a stunning 3,200+ square foot residence that perfectly complements the grounds. This 4-bedroom, 4.5-bath home spans three stories of rich woodwork, beautiful windows, doors, and custom details. Inside, you'll find a formal living and separate dining room, a kitchen with island and walk-in pantry, a second eating area, a sunken family room with vaulted ceiling and gas fireplace, an office, and abundant storage throughout. Step onto the screened-in front porch with your favorite beverage and book to take in the sweeping countryside views that make this property so special or relax on the back deck to enjoy all this property has to offer! Meticulously maintained and filled with warmth and history, this property invites you to dream big - a bed and breakfast, an event venue, or your own private haven. LET YOUR IMAGINATION TAKE ROOT HERE, WHERE OPPORTUNITY, BEAUTY, AND POTENTIAL COME TOGETHER IN ONE TRULY EXTRAORDINARY SETTING!

Contact:

Coldwell Banker Real Estate Group

Property Subtype:

Lodge/Meeting Hall

Date on Market:

2025-11-04

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More details for 425 W State St, Sycamore, IL - Retail for Sale

425 W State St

Sycamore, IL 60178

  • Wedding Venue
  • Retail for Sale
  • $684,113 CAD
  • 25,500 SF
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More details for 14223 Route 111, Chesterfield, IL - Specialty for Sale

14223 Route 111

Chesterfield, IL 62630

  • Wedding Venue
  • Specialty for Sale
  • $1,777,681 CAD
  • 7,140 SF
  • Air Conditioning
  • Waterfront

Chesterfield Specialty for Sale - Macoupin County

ATTENTION Savvy Investors or those looking to leave the big city life! Welcome to Wild Pickins Vineyards–Your Ideal Private Event Center: Discover the perfect venue for all your special occasions! Nestled on over 8+ picturesque acres, this thriving property is designed to accommodate large indoor & outdoor events, Banquet Hall, making it an exceptional choice for weddings, birthday parties, bridal & baby showers, corporate meetings+. This incredible property offers endless possibilities for hosting unforgettable events in a private & enchanting setting. Continue the successful operation or create your own unique experience. The vineyard adds charm to any event along w/ gazebos and a lot out outdoor seating overlooking a 3.5 acre pond. Fully equipped kitchen & large bar ensures your guests enjoy delicious meals & drinks tailored to your event. Elevate the experience w/ the irresistible charm of a fully operational, woodfired pizza oven! Banquet tables/chairs/dinnerware, Sound System, Bandstand & Dancefloor, offers captivating backdrop for live bands & DJs. Picture your guests dancing under the stars! Location: Wild Pickins Winery has been developed from the ground up. Wait there is more, you can have a PRIVATE REDSIDENCE on 13 acres more or less with 40 x 60 pole building to include a 3.5 acre lake for $600,000, Additional 35 acres more or less and includes timber and CRP land at $6000, per acre. Plenty of acreage for expansion. Will sell the private residence and additional acreage separately or as a package, as needed. Property includes both 23-000-266-00 and 23-000-266-02 parcels totaling over 59 acres. Location: Hwy/Interstate Frntg, Rural

Contact:

L. Merrick Group | Keller Williams Pinnacle

Property Subtype:

Winery/Vineyard

Date on Market:

2025-05-28

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More details for 6333 W Cornelia Ave, Chicago, IL - Specialty for Sale

6333 W Cornelia Ave., Chicago IL 60634 - 6333 W Cornelia Ave

Chicago, IL 60634

  • Wedding Venue
  • Specialty for Sale
  • $1,778,913 CAD
  • 12,000 SF
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More details for 1356 County Road 2900 N, Rantoul, IL - Specialty for Sale

Reindeer Ranch - 1356 County Road 2900 N

Rantoul, IL 61866

  • Wedding Venue
  • Specialty for Sale
  • $2,018,537 CAD
  • 11,054 SF
  • Air Conditioning

Rantoul Specialty for Sale

Welcome to Hardy's Reindeer Ranch where the North Pole meets the Wild (Mid) West. This is an extraordinary investment opportunity to own and operate one of Central Illinois' most beloved tourist attractions and banquet centers. Nestled on 10.5 acres, just north of the University of Illinois in the Village of Rantoul, this property hosts over 60,000 visitors annually who come to experience the Christmas magic and fun activities the Reindeer Ranch has to offer. This property includes a 130 seat fully equipped (3,456 sf) banquet hall with service kitchen, custom built (1,987 sf) timber frame gift shop, Amish built (2,240 sf) livestock barn/shed/workshop, (1,171 sf) pole barn, fenced pasture, parking and corn maze. The 3-bedroom (2,200 sf) farmhouse with attached garage was built from reclaimed hardwood and features an open concept and oversized 2 car garage. Sale includes land, buildings, all equipment, tools, tractors, reindeer herd and all inventory, as well as proprietary information including vendors, motorcoach tour accounts, website and social media accounts. For the past 30 years Hardy's Reindeer Ranch has been a seasonal destination for visitors and Motorcoach tours from near and far. The Ranch offers fall and holiday experiences for the whole family including an up close "kiss" and introduction to the herd of 23 real Alaskan reindeer, adjacent 10-acre Corn Maze, pumpkins, hayrides, Christmas trees, pedal race carts, and paintball gallery. Guests gather and warm up around the potbellied stove in the gift shop and stay for lunch at the Klondike cafe. Throughout the year, the farm hosts a variety of group entertainment packages and private events, including family reunions, school groups, weddings and company retreats. This property lies within 2 miles from the I-57 corridor, 2 hours from the city of Chicago, minutes from Rantoul sports complex and Air Base, and within 25 minutes of the University of Illinois's main Campus. This outstanding agritourism opportunity provides the infrastructure and potential to step right in to a well-established business model or bring your agricultural venture or vision to life. ***Sellers are in the process of re-platting and rezoning the parcel that the business operates on, this listing replaces a previous listing for a larger parcel of land+business+business property. Adjacent corn maze acreage is available for lease with property purchase.

Contact:

Coldwell Banker Commercial Real Estate Group

Date on Market:

2024-10-04

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More details for 700 N 66th St, Belleville, IL - Specialty for Sale

King's House Retreat Center - 700 N 66th St

Belleville, IL 62223

  • Wedding Venue
  • Specialty for Sale
  • $4,536,577 CAD
  • 34,500 SF
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More details for 1667 Sherwood Camp Rd, Victoria, IL - Land for Sale

1667 Sherwood Camp Rd

Victoria, IL 61485

  • Wedding Venue
  • Land for Sale
  • Price Upon Request
  • 213 AC Lot

Victoria Land for Sale

Set on approximately 213 acres of scenic lakes and mature timber in Knox County, just moments from the Oak Run Lake community, Dragonfly Lakes is a one-of-a-kind luxury resort that blends rustic charm with a deep connection to nature. This thoughtfully designed retreat features 20 beautifully crafted timber-frame cabins, each fully furnished and equipped with high-speed internet, wood-burning fireplaces, and private outdoor fire pits. Every cabin is perfectly positioned to capture serene water views, overlooking one of the property's large, stocked lakes. The expansive grounds include two sizable lakes along with several smaller bodies of water, creating a stunning landscape with ample opportunity for future expansion. A central stretch of land below the existing cabins offers an picture-perfect setting for a wedding venue or event space, further enhancing the property's income potential. Infrastructure is already in place, with water and high-speed internet servicing the development, and public sewer under consideration. A striking custom timber-frame gatehouse welcomes guests upon arrival and presents an opportunity for additional amenities such as laundry services, retail, or fishing outfitting. Guests can enjoy kayaking on each lake or explore miles of scenic trails winding through the wooded terrain. Bordering the highly sought-after Oak Run Resort, a premier vacation destination featuring a 600-acre lake and 18-hole golf course. Dragonfly Lakes is ideally positioned as a complementary luxury offering. Whether envisioned as a private retreat, wedding destination, hunting club, duck club, or income-generating resort, this exceptional property delivers a rare combination of natural beauty, modern comfort, and future potential.

Contact:

Jameson Commercial Real Estate

Property Subtype:

Commercial

Date on Market:

2026-04-16

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More details for 1000 S State St, Lockport, IL - Retail for Sale

Restaurant, Bar Banquet Hall - 1000 S State St

Lockport, IL 60441

  • Wedding Venue
  • Retail for Sale
  • Price Upon Request
  • 13,176 SF

Lockport Retail for Sale - Joliet/Central Will

UNIQUE | HISTORIC BUILDING-FORMER OPERA HOUSE For Lease and Sale 1000 State St, Lockport, IL 60441 Right in the heart of downtown Lockport, this iconic building is one of the oldest in town, originally built in 1882.We present a unique opportunity to acquire or lease a stunning historic building in the heart of Lockport, located on the town’s main street. · 13,176 SF Historic Building · Incredible potential for a bar, restaurant, banquet hall, or event venue · The property is still undergoing renovation but has already been largely restored, preserving its historic character while incorporating modern upgrades. · Basement: Hidden, authentic speakeasy-style bar with 9’ ceilings and exposed stone walls. A one-of-a-kind atmosphere that will draw locals and visitors alike. · First Floor :Ideal restaurant space with direct access from State Street and 10th Street. Excellent visibility and foot traffic. · Second Floor :Show-stopping event space with two-story high ceilings, large arched windows, and abundant natural light. Perfect for weddings, concerts, corporate events, and cultural gatherings. · Third Floor: Office and support space with a balcony overlooking the event hall. Rooms suitable for a bridal suite, office, or storage. · Ownership is open to completing the build-out to match your concept and vision. Bring your ideas and your contractor. · Major Renovations Completed – New windows, restored façade, new rough plumbing and electrical service, new HVAC systems, new sprinkler system, new underground grease trap, new elevator, and all necessary construction and renovation permits secured. · Convenient Access & Parking – Street parking and any downtown public parking lot is available. Also the city provides valet parking on their expense. · Elevator & Staircases – the two new staircases in the front and back of the building including the new elevator ensures seamless movement between floors and efficient logistics. Ownership is open to completing the build-out to match your concept and vision. Bring your ideas and your contractor. Lease Rate: Subject to offer Asking Price: Subject to offer

Contact:

RE/MAX Millennium

Property Subtype:

Restaurant

Date on Market:

2025-04-02

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More details for 18967 N US Highway 51, Elkville, IL - Flex for Sale

Route 51 Brewing Company - 18967 N US Highway 51

Elkville, IL 62932

  • Wedding Venue
  • Flex for Sale
  • $2,456,457 CAD
  • 23,500 SF

Elkville Flex for Sale

Route 51 Brewing Company is a 19,000 SF two-level brewery, concert venue, and banquet center with an attached 4,500 SF lean-to beer garden, situated on 7.37 acres along the high-visibility IL Route 51 corridor in Southern Illinois — a rare, turnkey, cash-flowing entertainment complex including all real estate, furniture, fixtures, and equipment. The facility features ADA-compliant men’s and women’s restrooms with custom keg urinals and ceramic tile flooring, an 800-amp 3-phase electrical service, a 10’×10' overhead recessed loading dock, 200 LED-lit parking spaces, and a 10 BBL direct-fire brewhouse complete with a 20-tap custom tap tower, an additional 14-tap tower, a 44-foot custom copper bar with drain pans and rinsers, and all custom saw blade and pipe-threaded furniture throughout. The fully equipped commercial kitchen includes two 40 lb deep fryers, a 6-burner stove, a Blodgett double-stack convection oven, a 1,600 lb/day Manitowoc ice machine, a 32’×15' walk-in cooler, and a custom food truck pickup window — with proven on- and off-site catering capacity for events exceeding 1,000 guests. The 6,300 SF banquet hall accommodates up to 299 licensed guests with 12-foot ceilings, a 32-foot Brazilian granite bar, direct commercial kitchen access, and a proven track record hosting hundreds of weddings, corporate events, and community gatherings. The nationally recognized concert venue boasts a 12’×28' permanent stage, a Midas M32 professional digital mixing console, a 8 box line array sound system, full DMX-controlled stage lighting with iPad controls, established relationships with national touring agencies, and three on-site furnished short-term rental suites with electronic keypad entry and Airbnb/VRBO income potential. With five distinct operational revenue streams and all FF&E included from day one, this is a truly turnkey opportunity — contact broker for financials. Located off of IL Route 51, a well-traveled corridor connecting the Du Quoin and Carbondale markets. This site is home to Route 51 Brewing Company & Banquet Center, giving the property an established hospitality presence and destination appeal. Its inclusion in Southern Illinois beer-tourism promotions and proximity to the broader Wine & Beer Trail of Southern Illinois further enhance its visibility, drawing both local and regional visitors traveling the area’s popular brewery and winery routes.

Contact:

BarberMurphy Group

Date on Market:

2026-04-15

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More details for 2105 1st Ave, Rock Falls, IL - Hospitality for Sale

Best Western Rock Falls - 2105 1st Ave

Rock Falls, IL 61071

  • Wedding Venue
  • Hospitality for Sale
  • $6,500,375 CAD
  • 90,210 SF
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More details for 5037-5039 W Diversey Ave – Retail for Sale, Chicago, IL

5037-5039 W Diversey Ave

  • Wedding Venue
  • Retail for Sale
  • $1,217,828 CAD
  • 7,500 SF
  • 2 Retail Properties

Chicago Portfolio of properties for Sale - Northwest City

Positioned on the highly visible location of Diversey Avenue and LeClaire Avenue, this two-story mixed-use property presents an outstanding opportunity for investors and owner-users seeking a strong presence in Chicago's vibrant Belmont Cragin community. Offering approximately 4,200 square feet of rentable commercial space across two buildings, the property combines established income, flexible commercial use, and residential potential. The first building features a thriving, high-traffic restaurant with seating for 70+ guests, a welcoming bar area, and a fully equipped commercial kitchen with walk-in coolers and ample storage. The flexible layout and multiple entrances provide excellent potential for expansion or reconfiguration, making the space suitable for a restaurant concept, banquet hall, party venue, or other commercial venture. Above the restaurant, the second floor offers a spacious and sun-filled residential unit with three oversized bedrooms, a large living room, formal dining room, eat-in kitchen, laundry room, and abundant natural light. Additional highlights include a rooftop deck above the rear restaurant area and an attached garage/storage space. The second building includes a large main-level commercial space adaptable for a wide variety of businesses or investment opportunities. The second floor features two fully rented 2-bedroom, 1-bath apartments, providing steady rental income. Residents also enjoy access to a rear rooftop deck, along with parking for two vehicles on the rear parking pad. Located in a high-traffic corridor surrounded by established retail, popular eateries, and neighborhood businesses, the property benefits from excellent visibility and consistent foot and vehicle traffic. With easy access to major transit routes, it sits within a thriving community known for strong household incomes and steady commercial activity. This estate sale offers the rare chance to acquire a well-positioned mixed-use investment that blends income potential, prime location, and long-term growth opportunity. Invest with confidence and watch your in

Contact:

RE/MAX Legends

Date on Market:

2026-03-10

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More details for 8350 S 88th Ave, Justice, IL - Retail for Sale

8350 S 88th, Justice, IL 60458 - 8350 S 88th Ave

Justice, IL 60458

  • Wedding Venue
  • Retail for Sale
  • $889,525 CAD
  • 2,600 SF
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More details for 8200 S Cicero Ave, Burbank, IL - Specialty for Sale

8200 S Cicero Ave

Burbank, IL 60459

  • Wedding Venue
  • Specialty for Sale
  • $3,831,800 CAD
  • 17,000 SF
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More details for 409 N State St, Franklin Grove, IL - Hospitality for Sale

Lincoln Way Stay - 409 N State St

Franklin Grove, IL 61031

  • Wedding Venue
  • Hospitality for Sale
  • $1,779,050 CAD
  • 15,500 SF

Franklin Grove Hospitality for Sale - I-39 Corridor/Lee County

Welcome to a truly rare property — a gorgeous fully renovated 1913 residence paired with two additional custom-built homes, creating a multi-building estate with limitless potential. Thoughtfully restored and professionally updated inside and out, the main house spans over 10,000 square feet across four beautifully finished levels and offers six bedrooms, a library office, generous living spaces, and modern systems throughout — including separate HVAC for each floor. Special care was taken during the meticulous renovation to preserve the elements of timeless character while integrating modern comfort, creating a home that remains both historic and elevated. The main level opens to a gracious foyer, original oak floors, large living and dining rooms, a dining porch, and a beautifully reimagined kitchen with quartz countertops, Wolf stove, and Subzero refrigerator. The dining porch opens to the magical stone fireplace and garden pagoda, a greenhouse-inspired structure built from historic barnwood and featuring moveable, removable sliding translucent walls and doors. Upstairs, the second floor features original wood floors and private en-suite bedrooms, including a master suite with a gas fireplace and a marble-lined, spa-inspired bathroom with a clawfoot tub and shower. This floor also houses a laundry room with two washers and dryers, a sink, and storage space. The third floor offers Hickory floors, two bedrooms, living room with gas fireplace, and bathroom with a custom Kohler double-vanity sink and marble-and-stone walk-in shower. Each bedroom includes its own vanity, and the master suite features French doors opening to a perfect small deck for watching sunrises or sunsets. The lower level, the stone cellar, is a distinctive space with bathroom, shower, custom-built Finlandia sauna, bedroom, studio kitchen, living room, workout and massage room, storage, storm shelter, and escape window. The 2,300-square-foot carriage house is its own private retreat with full kitchen, quartz countertops, living area, laundry, powder room, king suite with spa bath, and French doors leading to expansive private deck — ideal for guests, family, a creative studio, or a private office. Heated five-car garage parking sits below. Across the main drive is the exquisite 3,200-square-foot cottage. This light-filled, vaulted-ceiling home features an open-design kitchen with quartz countertops and a dining area, as well as full-length front and back decks. The second floor includes a large primary king bedroom with a catwalk leading to an open-air office and sitting room. The lower level comprises garden-style windows for light and emergency exits, custom-built room-length desk, living room, laundry, marble-tiled bathroom with shower, bedroom, concrete storage and storm shelter. The grounds are an enchanted, private sanctuary featuring a small greenhouse, water garden with koi pond and waterfall, flowing creek, yoga lawn, fruit trees, and native and herb garden. The property is offered largely furnished and is move-in ready, making an effortless transition as a turnkey residence, second home, hospitality hybrid business, multi-generational living, or divided lots. Discover countless cozy spots inside and out to rest and renew in this friendly, beautiful, quiet Midwestern community in the Rock River Valley; a one-of-a-kind offering.

Contact:

Compass

Property Subtype:

Hotel

Date on Market:

2025-10-21

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More details for 400 NE Perry Ave, Peoria, IL - Sports & Entertainment for Sale

The Scottish Rite Theatre - 400 NE Perry Ave

Peoria, IL 61603

  • Wedding Venue
  • Sports & Entertainment for Sale
  • $5,337,150 CAD
  • 31,662 SF
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More details for 203 W 2nd St, Gilman, IL - Industrial for Sale

Jensen's Cabinet Shop Inc - 203 W 2nd St

Gilman, IL 60938

  • Wedding Venue
  • Industrial for Sale
  • $266,857 CAD
  • 28,000 SF
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Wedding Venues For Sale

Wedding Venues

What is a wedding venue?

A wedding venue is typically a large building, or sometimes an open-air site, that is available for weddings and wedding receptions. These venues are typically all in one solution for your wedding with a large ballroom or banquet hall. Often the entire property is yours to use for your wedding.

Weddings continue in popularity around the world and there is a growing market for venues that can provide you with a complete service from ceremony to dinner to dancing all under one roof.

What types of wedding venues can purchase?

There are several types of properties that can be wedding venues that you could buy, including:

  • - Country Club
  • - Castle or Manor House
  • - Small exclusive Hotel with ballroom and restaurant facilities
  • - Boutique hotel with wedding facilities
  • - Private Mansion House
  • - Exclusive vacation resort or retreat
  • - Historic site
  • - Anything in between

Typically, zoning regulations and capacity limits may limit the number of people on property, so make sure to check with your local broker to get more information.

What is the difference between a wedding venue and a banquet hall?

A banquet hall is typically a large space for holding catered events, like weddings or conventions. A wedding venue on the other hand, is not just a big room capable of seating lots of people. Wedding venues are typically complete packages with all the amenities you need for a wedding. Wedding venues also specialize in just weddings so they have the expertise to provide everything a wedding needs.

What should be considered when purchasing a wedding venue?

Location: Ensure that there is proper demand for the area and that the actual location is accessible during as much time of the year as possible.

Capacity: Be sure that your venue will accommodate the number of guests you plan to be able to handle.

Amenities: Ensure that the venue has all the amenities you are looking for. This includes space for a dance floor, proper commercial kitchen, grounds for outdoor portions of the wedding, and accommodations for the bridal party.

Facilities: Carefully consider what types of event can be hosted at your proposed location. Focusing on just weddings is a specific business decision, but having flexibility in your facilities may allow for additional revenue during less popular times of the year.

What other considerations are there when purchasing a wedding venue?

Insurance, taxes, and cost of utilities are other factors to keep in mind as wedding venues work year-round and should accommodate all kinds of weather and timing of events.

Many people who are interested in purchasing a wedding venue have already run other types of businesses like a restaurant or catering service. This may be particularly helpful when considering buying a wedding venue since you already understand what it takes to run a business in that service industry.

Reach out to a local broker to get a better understanding of the market for wedding venues in your area.

 

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