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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    618 Ct St, Grayville, IL 62844-1002

    Individually Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US28-5007008
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • AJ’S PARLOR Gambling House
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Lee Pennington Paris · 2 yrs held
    Lee Pennington Paris
    since 2023
    Last sale
    $50,000
    3 recorded transactions
    2023
    $50,000
    2022
    2014
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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