332 Detroit Ave Morton, IL 61550-1879
This exceptional 21,540-square-foot, Class B property at 332 Detroit Ave, Morton, IL, is a turnkey event and entertainment complex offering diverse revenue streams. The single-unit building sits on a 1.03-acre lot and is zoned B3. Features include a full-size gymnasium with 28.5-foot ceilings and reinforced structure, complete with a climbing wall and obstacle course. A large, full-service bar, restaurant, and catering facility boasts a fully equipped commercial kitchen, dance floor, ample walk-in coolers, and all furniture, fixtures, and equipment (FF&E). The property also includes state-of-the-art virtual golf simulator rooms rentable by the hour and a full-service barber shop. Parking accommodates approximately 40 vehicles, with additional parking available nearby. The asking price is $1,399,000 ($64.95/sq ft). This centrally located Morton property presents a unique investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.