Listing Agency: The Auction House Company b***@yahoo.com Show Phone

Listed By: Bill Scaturro · License #RASI Show Phone

Source: Exprealty

Added: Jul 12 Changed: Aug 5 Last Checked: Aug 5 at 4:38AM

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Investment Insights

Based on property information with market context.

This mixed-use property includes the Al's 520 Club, a neighboring grill, and two apartments located on the upper level. The grill may be operated by an owner or leased separately, providing flexibility within the property’s commercial configuration.

The property includes features associated with pool leagues and horseshoes, while gaming and liquor licenses are transferable to a qualified buyer. The combination of an established club space, adjacent food-service area, and residential units supports multiple existing components within one property.

Key Highlights

• Two apartments positioned above the commercial space
• Al's 520 Club with adjacent grill
• Gaming and liquor licenses transferable to a qualified buyer

Property Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Law Firm Spa & Massage Center Hair Salon Parking Lot & Garage Building Supply Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Turnkey business

Opportunity

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

290

Businesses Nearby

Explore this area Business Placement

Demographics for 62060, IL

3,865

Population

2,018

Households

1.9

Avg Household Size

40

Median Age

7%

College-Educated

82%

High-School Grad

3.5 sq mi

ZIP Area

1,104

Density / Sq Mi

$40,139

Median Household Income

$35,762

Median Earnings

$1,019

Median Rent

$53,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Club, adjacent grill, and upstairs apartments create a combination of commercial and residential components.

Where is this mixed-use property located?

The property is located at 516 Madison Ave Madison, IL.

What is the asking price?

The asking price for this property is Off market.

What are key features of this property?

This property features: Two apartments positioned above the commercial space; Al's 520 Club with adjacent grill; Gaming and liquor licenses transferable to a qualified buyer