Property profile

206 Main St Mount Carroll, IL 61053

OFF-MARKET
Commercial real estate
Property ID
US28-4177772
0.22 ac lot
Entity Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.22 ac (9,757 SF)
APN 05-08-01-401-074
UPID US28-4177772

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

206 Main St Mount Carroll, IL 61053-1022
Mount Carroll metro Census 960400
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2009
2 recorded transactions
2009
Price N/A
2005
$175,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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