206 Main St Mount Carroll, IL 61053-1022
- Commercial real estate
- 0.22 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 206 Main St
- Lot size
- 0.22 lot acres
- Property type
- Commercial real estate
- APN
- 05-08-01-401-074
- APU
- 50801401074
Description
This exceptional investment opportunity presents a fully operational, 17,990 square-foot entertainment center located at 206 N Main St, Mount Carroll, IL 61053. Priced at $300,000 ($16.68/sq ft), this two-story building boasts an eight-lane bowling alley featuring top-of-the-line synthetic wood lanes and A2 Brunswick refurbished pinsetters. All bowling equipment, including auto bumpers, black lights, and cosmic bowling capabilities, is included. A fully equipped commercial kitchen, complete with a prep area, new prep table, new refrigerator, and two pizza ovens (one convection), is ready for immediate use. The facility also includes a bar with four half-barrel taps and a walk-in cooler. A sizable basement (approximately 100x65 feet) is currently set up for laser tag, though it requires new software. Additional revenue streams are possible through advertising on in-house TV screens and above the bowling pins. The building features two separate basement staircases, 12-inch centered basement rafters, and is handicap accessible. Restrooms are located both upstairs and in the basement. A new water heater was installed in 2023. The property sits on a 9,735 square-foot lot and is zoned R2. This turnkey business offers immediate income potential and significant upside for a savvy investor. The building's history includes previous uses as an auto sales facility with a garage in the basement, and a movie theater, adding to its unique character and potential for future development. Arcade games are not included in the sale.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $300,000
- 6.5%
- $295,000
- 7%
- $290,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $325,000
- Geo Method
- $315,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $350,000
- Retail
- $355,000
- Mixed-Use
- $280,000
- Hospitality
- $295,000
- Educational
- $305,000
- Residential Income
- $265,000
- Energy
- $355,000
- Income-Based Land
- $315,000
- Food Service
- $300,000
Location Insight
- Map
- Local Demand
- City
- Mount Carroll
- County
- Carroll
- State
- Illinois
- Longitude
- -89.9792
- Latitude
- 42.1001