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    217 Main St Hillsboro, IL 62049

    For Sale
    $159,900

    Established Bowling Alley, 9400+ sq ft, 0.59 acres

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional turnkey business opportunity presents the iconic Hillsboro Bowling Alley, a fully equipped and operational entertainment venue situated on a 0.59-acre lot in Hillsboro, Illinois. The property boasts over 9,400 square feet of space, ready for immediate use or creative repurposing. The bowling alley itself is equipped with eight lanes, complete with all necessary equipment including bowling shoes, balls, and maintenance tools. Beyond the bowling lanes, the property is fully furnished with tables, chairs, bar stools, booths, a pool table, vending machines, refrigerators, freezers, and a pizza oven. Energy efficiency is a key feature, with owned solar panels significantly reducing operational costs. Multiple heating and cooling systems are in place, including three mini-splits and a forced air system with two outdoor condensers, ensuring comfortable year-round operation. The property includes a paved parking lot and is zoned B-1 General Business, allowing for a wide range of potential uses. This versatile property offers a unique chance to acquire an established business or to develop a new venture in a prime location. The possibilities are endless, making this an attractive investment opportunity with significant potential for return. The property is priced at $159,900.

    Property Features for 217 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    25,700 SF

    Building Details

    Year Built
    1960
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Freedom Diagnostic Testing, ... Medical Laboratory Hillsboro Bowl Bowling Alley

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Montgomery-IL
    State
    Illinois
    Longitude
    -89.49304
    Latitude
    39.16336

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Established Bowling Alley, 9400+ sq ft, 0.59 acres
    Where is this commercial real estate located?
    The property is located at 217 Main St Hillsboro, IL.
    What is the asking price?
    The asking price for this property is $159,900.
    532-2525
    Request Owner's contact information
    217 Main St Hillsboro, IL 62049
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    217 Main St Hillsboro, IL 62049
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