618 Ct St, Grayville, IL 62844-1002
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.
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AJ’S PARLOR Gambling House
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.