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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    217 Main St, Hillsboro, IL 62049-1126

    Individually Owned ~ Est. High Equity
    Property ID
    US28-4091385
    Property summary
    AI-generated overview

    This exceptional turnkey business opportunity presents the iconic Hillsboro Bowling Alley, a fully equipped and operational entertainment venue situated on a 0.59-acre lot in Hillsboro, Illinois. The property boasts over 9,400 square feet of space, ready for immediate use or creative repurposing. The bowling alley itself is equipped with eight lanes, complete with all necessary equipment including bowling shoes, balls, and maintenance tools. Beyond the bowling lanes, the property is fully furnished with tables, chairs, bar stools, booths, a pool table, vending machines, refrigerators, freezers, and a pizza oven. Energy efficiency is a key feature, with owned solar panels significantly reducing operational costs. Multiple heating and cooling systems are in place, including three mini-splits and a forced air system with two outdoor condensers, ensuring comfortable year-round operation. The property includes a paved parking lot and is zoned B-1 General Business, allowing for a wide range of potential uses. This versatile property offers a unique chance to acquire an established business or to develop a new venture in a prime location. The possibilities are endless, making this an attractive investment opportunity with significant potential for return. The property is priced at $159,900.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    APN 16-02-432-019
    UPID US28-4091385
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Freedom Diagnostic Testing, PLLC Medical Laboratory Drug Testing Service
    • Hillsboro Bowl Bowling Alley
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Nicholas Hall
    Nicholas Hall
    since 2025
    Last sale
    $105,000
    2 recorded transactions
    2025
    $105,000
    2024
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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