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Property profile & analytics
FOR SALE
Bowling alleys

6728 16Th St Berwyn, IL 60402

0.36 ac lot Built 1939
Individually Owned Free & Clear
Property ID
US28-1184399
Property summary
AI-generated overview

This exceptional investment opportunity presents a well-established bowling alley in Berwyn, Illinois. Located at 6728 16th St, 60402, this 10,000 square foot business sits on a half-acre lot and boasts a remarkable 37.50% capitalization rate, generating a substantial net operating income (NOI) of $1,200,000. The property includes a 12-lane bowling facility, a spacious bar and lounge area, and ample parking for 50 vehicles, encompassing two private lots and street parking. Currently, eleven established bowling leagues contribute to the consistent revenue stream, further enhanced by income generated from video poker machines. The business benefits from a loyal customer base cultivated by a professional and attentive staff, providing a superior bowling experience. This turnkey operation is ideal for an investor seeking a high-return, established business with significant growth potential. The long-time owner is retiring, presenting a rare chance to acquire a thriving enterprise in a desirable location within Cook County. The asking price for this exceptional property is $3,200,000.

Property profile
Verified
Property type Bowling alleys
Use group BOWLING ALLEY
Year built 1939
Lot 0.36 ac (15,625 SF)
APN 16-19-400-035
UPID US28-1184399
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
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
LANES STRIKER
LANES STRIKER
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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