410 St. Louis St Collinsville, IL 62234
The Iconic Horseshoe Restaurant & Lounge, located at 410 St. Louis St, Collinsville, IL 62234, presents a unique investment opportunity. This established restaurant and bar boasts 4,860 square feet of retail space in a single-story building, situated on a B-4 zoned lot. Built in 1945 and extensively renovated in 2014, the property includes a completely remodeled front area and a rebuilt kitchen. The renovation was a full gut remodel, ensuring modern functionality and aesthetics. Ample parking is available with 18 spaces on-site. The asking price is $375,000, translating to $81.28 per square foot. The property's APN is 13-2-21-33-13-304-022. Street improvements along St. Louis Rd are planned, promising future enhancements to the area's infrastructure and accessibility. This turnkey operation offers a chance to acquire a well-established business with a rich history in the heart of Collinsville, Illinois. The property is ready for a new owner to continue its legacy.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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