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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    520 7th St, Riverton, IL 62561-8082

    0.33 ac lot
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US28-3111474
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.33 ac (14,375 SF)
    APN 15-10.0-351-036
    UPID US28-3111474
    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
    • Legacy Slots Gambling House Bar
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Legacy Slots INC · 1 yrs held
    Legacy Slots INC
    since 2024
    Last sale
    $162,000
    2 recorded transactions
    2024
    $162,000
    2011
    $44,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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