Property summary
This exceptional commercial property, located at 618 N Court Street in Grayville, Illinois, presents a unique investment opportunity. Priced at $130,000, this 0.08-acre lot houses a versatile multi-purpose building currently operating as a thriving bar and gaming center. The main area boasts a fully equipped bar with ample seating, a professional DJ booth perfect for entertainment, a pool table, large-screen TV, and a dartboard, creating a dynamic atmosphere. Twelve patrons can be comfortably seated at tables within the main space. Two additional rooms, equipped with licensed gaming machines and seating, offer further revenue streams. A convenient public restroom is located off the main room for customer use. Beyond the main bar area, a room equipped with a kitchenette and sleeping area offers significant expansion potential. This space could easily be converted into a full-service kitchen, increasing operational efficiency and potentially attracting a wider clientele. The building's current setup and established clientele provide a solid foundation for continued success, while the adaptable layout allows for diverse future uses. This property is ideal for an investor seeking a turnkey operation or an entrepreneur looking to expand their business ventures. The property's location in Grayville, Illinois, offers excellent visibility and accessibility.
Property profile
VerifiedCap rate & NOI
Current use
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Gambling House
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2019Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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