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    905 Theodore St Crest Hill, IL 60403

    Sponsored
    For Lease
    $8 SF/Yr ($14,666 /Mo)

    Turn-key bowling alley, restaurant, bar

    Lot size:
    22,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fully operational, 16-lane bowling alley situated at 905 Theodore Street, Crest Hill, Illinois. The property, built in 1957, encompasses a substantial 22,000 square feet of gross leasable area on a 2.2-acre lot. The expansive space includes a fully equipped kitchen and a bar/restaurant, offering diverse revenue streams. With 155 parking spaces, ample customer parking is readily available. The property benefits from a highly visible location on Theodore Street, experiencing significant daily traffic exceeding 14,000 vehicles. This prime location is surrounded by densely populated residential areas, providing a built-in customer base for the established business. The single-tenant occupancy ensures ease of management and potential for strong rental income. This turn-key operation presents a rare opportunity to acquire a well-established business with significant growth potential in a thriving community. The property's size, amenities, and location combine to create a compelling investment prospect. The substantial parking and high visibility ensure easy access and strong brand recognition.

    Property Features for 905 Theodore St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,000 SF
    Total Rate
    14666.67

    Unit(s) available at that property

    Space
    Available Space
    Size
    22,000 SF
    Rate per SF
    $8

    HighLights

    • Retail property totaling 22,000 square feet.
    • Single‑tenant occupancy.
    • 22,000 square feet of vacant space available.
    • 155 parking spaces on‑site.
    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
    Where is this retail property located?
    The property is located at 905 Theodore St Crest Hill, IL.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Retail property totaling 22,000 square feet.; Single-tenant occupancy.; 22,000 square feet of vacant space available.
    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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