For Sale
$180,000

220 5Th St Delavan, IL 61734

10-lane bowling alley, 8,976 sq ft, huge potential.

Overview

Added:
Dec 11, 2024
Days on market:
134
Exceptional investment opportunity awaits with this 8,976 square foot, ten-lane bowling alley located at 220 E 5th St, Delavan, IL 61734. The property is being offered at $180,000 and presents a unique chance to acquire a ready-to-reopen business. All ten bowling lanes and their mechanical systems are fully operational, requiring only cosmetic updates to restore the facility to its former glory. The existing kitchen needs modernization to meet the needs of a new owner. Significant upside potential exists with the possibility of obtaining a liquor license and introducing gaming options on-site. A large fenced lot provides ample space for outdoor expansion, such as a patio area, or even an addition to the existing building. Furthermore, there's a strong possibility of securing TIF (Tax Increment Financing) funds in May to assist with renovations or expansion projects. This property offers a compelling blend of established infrastructure and significant growth potential, making it an ideal acquisition for an ambitious entrepreneur. Don't miss this chance to own a piece of Delavan's history and shape its future.

Highlights

  • Asking price: $180,000.
  • 8,976 square foot building included in sale.
  • 10-lane bowling alley with functional equipment, ready for cosmetic improvements and reopening.
  • Existing kitchen needs updating.
  • Potential for on-site liquor license and gaming.
  • Large fenced lot ideal for patio or building expansion; potential TIF funding available in May for renovations or expansion.

Property Details for 220 5Th St

Property type
Commercial real estate
Square Feet
8,976 SF

Location Insight

City
Delavan
County
Tazewell
State
Illinois
Latitude
40.3710966
Longitude
-89.5453188

FAQs

What type of property is this?
Commercial real estate - 10-lane bowling alley, 8,976 sq ft, huge potential.
Where is the commercial real estate located?
The property is located at 220 5Th St Delavan, IL.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Asking price: $180,000.; 8,976 square foot building included in sale.; 10-lane bowling alley with functional equipment, ready for cosmetic improvements and reopening.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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220 5Th St
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