305 1st st - Restaurant FOR SALE


Alpha, IL 61413
$149,900 USD
563-505-1806
305 1st st, Alpha, IL for Sale
$149,900 USD
Restaurant - FOR SALE
1/11
null | Request Cap Rate

305 1st st
Alpha, IL 61413


HIGHLIGHTS

  • Mixed-use property featuring commercial and residential components.
  • Apartment offers on-site residential accommodation.
  • Multiple property components support a variety of ownership strategies.
  • Detached two-car garage adds storage and utility space.

OVERVIEW

This mixed-use property presents an opportunity for an owner-user, investor, or entrepreneur seeking a property with multiple income and operational possibilities. The offering includes a restaurant, bowling alley, apartment, and a detached two-car garage, creating a combination of commercial and residential components within a single asset. The restaurant area provides an established hospitality-oriented layout that may support continued food and beverage operations or other permitted commercial uses, subject to local regulations. The bowling alley adds a distinctive entertainment component that can serve as a destination attraction and may offer opportunities for community events, recreational programming, or business expansion. The on-site apartment provides residential accommodations that may be suitable for an owner occupant, property manager, or potential rental use. A two-car garage offers additional storage capacity and operational flexibility for equipment, inventory, maintenance needs, or personal use. The property's combination of commercial, entertainment, residential, and storage elements creates a versatile setting that may appeal to a variety of ownership strategies. With multiple existing components already in place, the property offers flexibility for continued operation, repositioning, or redevelopment in accordance with local zoning and permitted uses. This is an opportunity to acquire a unique mixed-use asset with several functional elements under one ownership.

FOR SALE DETAILS

PRICE

$149,900 USD

PRICE/SF

$109 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

305 N 1st St , Alpha, IL 61413

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

-

APN/PARCEL ID

21-22-101-013

ASK ABOUT THIS PROPERTY

Kyle RobinsonEpique RealtyMore Info
563-505-1806

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Kyle RobinsonEpique RealtyMore Info
563-505-1806

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.