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    905 Theodore St Crest Hill, IL 60403

    Sponsored
    For Sale
    $1,300,000

    Turn-key bowling alley, restaurant, bar; high traffic location.

    Property size:
    22,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    Exceptional investment opportunity: a fully operational 16-lane bowling alley, complete with a full-service kitchen, bar, and restaurant. Located at 905 Theodore Street in Crest Hill, Illinois, this established business occupies a 22,000 square foot building on a 2.2-acre lot. Built in 1957, the property boasts 155 parking spaces and benefits from excellent visibility and frontage on Theodore Street, a thoroughfare with over 14,000 vehicles passing daily. The property's strategic location is surrounded by densely populated residential areas, ensuring a readily available customer base. The asking price is $1,300,000, representing a land value of approximately $590,090.91 per acre. This turn-key operation presents a unique chance to acquire a well-established business in a prime location with significant growth potential. The property's size and amenities offer a diverse range of possibilities for future development and expansion. This is a rare opportunity to own a thriving business in a high-demand area. The property's strong location and established customer base make it an attractive investment for both seasoned and new entrepreneurs.

    Property Features for 905 Theodore St

    General Information

    Property type
    Retail properties
    Square Feet
    22,000 SF
    Lot Size
    95,832 SF

    HighLights

    • $1,300,000 asking price.
    • 22,000 square foot retail building.
    • 2.2‑acre lot.
    • $590,909.09 per acre land value.
    • Located at 905 Theodore St, Crest Hill, IL 60403.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Crest Hill
    County
    Will
    State
    Illinois
    Longitude
    -88.1055655
    Latitude
    41.5526398

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    FAQs

    What type of property is this?
    Retail property - Turn-key bowling alley, restaurant, bar; high traffic location.
    Where is this retail property located?
    The property is located at 905 Theodore St Crest Hill, IL.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: $1,300,000 asking price.; 22,000 square foot retail building.; 2.2-acre lot.
    (630) 768-1626
    Request Owner's contact information
    905 Theodore St Crest Hill, IL 60403
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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
    905 Theodore St Crest Hill, IL 60403
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