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For Sale

14223 IL 111 Route

14223 IL 111 Route, Chesterfield, IL 62630

$1,299,000
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.

7,140 Sq.Ft. LIVING AREA

9 Acres lot

Features & Amenities

Interior

  • Flooring Concrete
  • APPLIANCES Stainless Steel Appliance(s), Dishwasher, Ice Maker, Indoor Grill, Gas Oven, Free-Standing Gas Range, Gas Range, Gas Water Heater

Area & Lot

  • Status For Sale
  • Living Area7,140 Sq.Ft.
  • Total Area7,140 Sq.Ft.
  • Lot Area9 Acres
  • MLS® ID25067539
  • TypeCommercial
  • YEAR BUILT2010
  • Water FrontageLake, Lake Front, Lake Privileges

Exterior

  • STORIES1
  • water SourcePublic
  • utilitiesElectricity Connected, Phone Available, Propane Owned, Sewer Connected, Underground Utilities, Water Connected
  • HEAT TYPEForced Air, Propane
  • AIR CONDITIONINGCentral Air, Electric
  • SubstructureSlab
  • Disability FeaturesAccessible Entrance, Accessible Full Bath, Accessible Hallway(s)
  • security FeaturesCarbon Monoxide Detector(s), Fire Alarm, Smoke Detector(s)

Financial

  • Sales Price$1,299,000
  • Real Estate Tax $3,463/yr
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Work With Lance

St. Louis is a special place to call home! Whether you are new to the city or have lived here your entire life, I would love the opportunity to assist you with your real estate needs. I have the passion and the knowledge to make it a simple, stress-free process.

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Contact Details

Lance Merrick

Phone

(727) 488-7177

Email

[email protected]

Address

16401 Swingley Ridge Rd. Ste. 200 Chesterfield, MO 63017 1003 E Wesley Dr. #C O'Fallon, IL 62269

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