1051 North Ave, Flora, IL 62839
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
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.