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    1051 North Ave Flora, IL 62839

    Sponsored
    For Sale
    $445,000

    Established Gaming Lounge & Bar - $445,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional turnkey business opportunity in Flora, Illinois, presents a fully operational gaming lounge, bar, and retail store. Located at 1051 E. North Avenue, this property boasts over 2500 square feet of space, significantly larger than its exterior suggests. The layout includes a dedicated gaming lounge, a fully equipped bar with speed rails, under-counter coolers, and a large sink, all within a custom-built bar area. A substantial addition, completed in 2020, features an oversized stage, a pool table area, and ample seating. The retail section offers a well-designed layout and extensive cooler space, complemented by a convenient drive-through. Two walk-in coolers (one dry, one cold) and a large storage room provide ample space for inventory and supplies. The property also includes two ADA-compliant restrooms. Situated on a 0.3-acre corner lot, this location benefits from high traffic counts due to its proximity to both the town center and an industrial park, ensuring excellent visibility. Fixtures, furniture, stock, and most equipment are included in the sale, facilitating a smooth transition for the new owner. Please note that existing gaming licenses are not transferable

    Property Features for 1051 North Ave

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    13,068 SF

    HighLights

    • Turnkey gaming lounge, bar, and retail store in Flora, IL.
    • 2,500+ SF building on a 0.3‑acre corner lot with high traffic counts.
    • Features a dedicated gaming lounge, full bar, large stage, pool table area, and retail space with drive‑through.
    • Includes two walk‑in coolers, large storage room, and two ADA‑compliant restrooms.
    • Fixtures, furniture, stock, and most equipment included; existing gaming licenses are not transferable.
    Property Profile Location Intelligence

    Current Use by Public Records

    East End Still ... Liquor Store Grain Systems Inc ... Farm Equipment Supplier

    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
    Flora
    County
    17025
    State
    Illinois
    Longitude
    -88.4706263
    Latitude
    38.6732879

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    FAQs

    What type of property is this?
    Office Property / Space - Established Gaming Lounge & Bar - $445,000
    Where is this office property / space located?
    The property is located at 1051 North Ave Flora, IL.
    What is the asking price?
    The asking price for this property is $445,000.
    What are key features of this property?
    This property features: Turnkey gaming lounge, bar, and retail store in Flora, IL.; 2,500+ SF building on a 0.3-acre corner lot with high traffic counts.; Features a dedicated gaming lounge, full bar, large stage, pool table area, and retail space with drive-through.
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    1051 North Ave Flora, IL 62839
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    Flora, IL 62839
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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
    1051 North Ave Flora, IL 62839
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