Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
Property profile & analytics

520 7Th St Riverton, IL 62561

  • Commercial real estate
  • 0.33 lot acres
Value Estimation
Last Sale
Oct 11, 2024
$162,000
Location Intelligence
Property ID
US28-3111474
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Legacy Slots / Gambling House / Bar

Property Details for 520 7Th St

Lot size
0.33 lot acres
Property type
Commercial real estate
APN
15-10.0-351-036
APU
15100351036

Description

This thriving bar and gaming parlor, located at 520 N 7th Street in Riverton, Illinois, presents a unique opportunity for an ambitious entrepreneur. The 1,080 square foot building boasts a prime location, ensuring excellent exposure and visibility for your business. The property is offered at $300,000 and comes fully equipped with all the necessary gaming equipment to continue operations immediately. This includes a variety of gaming machines, a music system, and even a claw machine, providing diverse entertainment options for patrons. The existing business is already established and successful, offering a solid foundation for continued growth and profitability. The turnkey nature of this offering minimizes the start-up time and costs associated with launching a new venture. This is an exceptional chance to acquire a ready-to-go business with significant potential for expansion and increased revenue. The property sits on a lot with no acreage, making it ideal for a compact, high-traffic business. This is a rare opportunity to step into an established, profitable business with minimal upfront investment in equipment and setup. The location alone offers a significant advantage, ensuring a steady stream of customers. Don't miss this chance to own your own successful business.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $160,000
  • CAP approach

    CAP return
    Estimation
    6%
    $190,000
    6.5%
    $190,000
    7%
    $165,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $180,000
    Geo Method
    $160,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $195,000
    Retail
    $155,000
    Mixed-Use
    $155,000
    Hospitality
    $150,000
    Educational
    $180,000
    Residential Income
    $160,000
    Energy
    $205,000
    Income-Based Land
    $190,000
    Food Service
    $155,000

Location Insight

  • Map
  • Local Demand
City
Riverton
County
Sangamon
State
Illinois
Longitude
-89.5392
Latitude
39.8489
CBSA code
44100
CBSA name
SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,604
$11,208
$12,467
$23,675
-
$33,624
$37,401
$71,025
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message