410 St. Louis St Collinsville, IL 62234
- Retail properties
- 4,860 SF
Current Use by Public Records
- Retail properties
Property Details for 410 St. Louis St
- Year built
- 1945
- Property size
- 4,860 SF
- Property type
- Retail properties
- Property subtype
- Bars
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Collinsville
- County
- Madison
- State
- Illinois
- Longitude
- -89.9989
- Latitude
- 38.6624
