Property profile

618 Ct St Grayville, IL 62844

OFF-MARKET
Commercial real estate
Property ID
US28-5007008
Individually Owned 2-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 15-17-476-006
UPID US28-5007008

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gambling House

Location

618 Ct St Grayville, IL 62844-1002
Grayville metro Census 957000
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$50k

Owner & transaction history

since 2023
Last sale
$50,000
3 recorded transactions
2023
$50,000
2022
Price N/A
2014
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 618 Ct St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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