6728 16Th St Berwyn, IL 60402
- Bowling alleys
- 0.36 lot acres
Current Use by Public Records
- Bowling alleys
Property Details for 6728 16Th St
- Year built
- 1939
- Lot size
- 0.36 lot acres
- Property type
- Bowling alleys
- APN
- 16-19-400-035
- APU
- 1619400035
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Berwyn
- County
- Cook
- State
- Illinois
- Longitude
- -87.7927
- Latitude
- 41.8576
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
