520 7Th St Riverton, IL 62561
- Commercial real estate
- 0.33 lot acres
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
-
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