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601 Railroad Avenue

Round Lake, IL 60073
  • $2,250,000
  • STATUS: Active
  • ON SITE: 242 Days
  • MLS #: 11041051
UPDATED: 142 min ago
$2,250,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 40,000
    SQFT
  • $56
    $/SQFT

School Ratings & Info

Description

This is a fantastic opportunity to own a Thriving Entertainment Business in Lake County. This has been family owned since 1968 but it's time to retire. It includes a 24 bowling lanes enjoyed by approx 900 bowlers a week during season. It is the home for 3 different high school bowling teams. There are established bowling, pool, baggo and dart leagues. Also included is a huge sports bar with 7 pool tables, over 12 TVs, and a stage for live entertainment. The large banquet/meeting room could also be converted to lazer tag, a game room, escape rooms, restaurant, etc. There are 3 residential apartments with garages as well. An excellent kitchen preparing food for birthday parties, weddings, fund raisers, etc. Strong NOI with several strong revenue streams including Banquet and Video Poker There are currently 6 video gaming machines (not owned) Great business with plenty of parking. This is the WHOLE PACKAGE. Excellent location on 1.6 acres. Recent remodel. Fixtures included.

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Touchstone Group. Based on information submitted to the MRED as of 2021-11-30T23:58:40.163 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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601 Railroad Avenue Round Lake, IL 60073

  • Price: $2,250,000
  • Status: Active
  • On Site: 242 Days
  • Updated: 142 min ago
  • MLS #: 11041051
0
Beds
0
Baths
0
½ Baths
N/A
Acres
40,000
SQFT
$56
$/SQFT
Neighborhood:
Round Lake Beach / Round Lake / Round Lake Heights / Round L
County:
Lake
Area:
Round Lake Beach / Round Lake / Round Lake Heights / Round L
Property Description
This is a fantastic opportunity to own a Thriving Entertainment Business in Lake County. This has been family owned since 1968 but it's time to retire. It includes a 24 bowling lanes enjoyed by approx 900 bowlers a week during season. It is the home for 3 different high school bowling teams. There are established bowling, pool, baggo and dart leagues. Also included is a huge sports bar with 7 pool tables, over 12 TVs, and a stage for live entertainment. The large banquet/meeting room could also be converted to lazer tag, a game room, escape rooms, restaurant, etc. There are 3 residential apartments with garages as well. An excellent kitchen preparing food for birthday parties, weddings, fund raisers, etc. Strong NOI with several strong revenue streams including Banquet and Video Poker There are currently 6 video gaming machines (not owned) Great business with plenty of parking. This is the WHOLE PACKAGE. Excellent location on 1.6 acres. Recent remodel. Fixtures included.
Exterior Features

Lot Size 1.0-1.99 Acres Parking Total 50

Interior Features

Cooling Central Air Heat Ventilation Forced Air Miscellaneous Inside Public Restroom/S

Property Features

Additional Parcels YN No Adjusted Net Income 0 Adjusted Net Income Year 2020 Annual Rent For Real Estate 0 Building Area Total 40000 Business Age Unknown Business Type Bar/Tavern/LoungeOther Corporate Limits Round Lake Gross Profit Year 2020 Gross Sales Annual 0 Gross Sales Annual Year 2020 Operating Expense 0 Property Offered For Sale Only Real Estate Included Yes Sale Price Includes LandBuildingBusinessLicense/PermitEquipmentTrade FixturesTrade Mark/SOwner Will TrainCov Not To Compete Tax Annual Amount 50796.9 Tax Year 2019 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceOperating StopsTaxesInsuranceRepairsRoofScavengerStructureTax StopsSewerOtherGas Type Bus / Bus W/Real Est Type Of Lease None Zoning Commr

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Re/Max Showcase.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Touchstone Group. Based on information submitted to the MRED as of 2021-11-30T23:58:40.163 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Touchstone Group
2308 W North Avenue #C1
Chicago IL, 60647