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    6728 16Th St Berwyn, IL 60402

    Sponsored
    For Sale
    $3,200,000

    Established Bowling Center, High NOI

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a well-established bowling alley in Berwyn, Illinois. Located at 6728 16th St, 60402, this 10,000 square foot business sits on a half-acre lot and boasts a remarkable 37.50% capitalization rate, generating a substantial net operating income (NOI) of $1,200,000. The property includes a 12-lane bowling facility, a spacious bar and lounge area, and ample parking for 50 vehicles, encompassing two private lots and street parking. Currently, eleven established bowling leagues contribute to the consistent revenue stream, further enhanced by income generated from video poker machines. The business benefits from a loyal customer base cultivated by a professional and attentive staff, providing a superior bowling experience. This turnkey operation is ideal for an investor seeking a high-return, established business with significant growth potential. The long-time owner is retiring, presenting a rare chance to acquire a thriving enterprise in a desirable location within Cook County. The asking price for this exceptional property is $3,200,000.

    Property Features for 6728 16Th St

    General Information

    Property type
    Investment properties
    Square Feet
    10,000 SF
    Lot Size
    21,780 SF

    HighLights

    • High‑return bowling alley investment in Berwyn, IL.
    • 10,000 sq ft building on a half‑acre lot at 6728 16th St, 60402.
    • 37.50% capitalization rate and $1,200,000 NOI.
    • Features 12 bowling lanes, bar/lounge, and 50 parking spaces.
    • Eleven established bowling leagues and video poker generate consistent income.
    • Turnkey operation with a loyal customer base; owner retiring.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency 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
    Berwyn
    County
    Cook
    State
    Illinois
    Longitude
    -87.792722
    Latitude
    41.8575977

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    FAQs

    What type of property is this?
    Investment property - Established Bowling Center, High NOI
    Where is this investment property located?
    The property is located at 6728 16Th St Berwyn, IL.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: High-return bowling alley investment in Berwyn, IL.; 10,000 sq ft building on a half-acre lot at 6728 16th St, 60402.; 37.50% capitalization rate and $1,200,000 NOI.
    Request Owner's contact information
    6728 16Th St Berwyn, IL 60402
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    Berwyn, IL 60402
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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
    6728 16Th St Berwyn, IL 60402
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