1568 E Grove Avenue Rantoul, IL $ 375,000
1568 E Grove Avenue
$ 375,000
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1568 E Grove Avenue

Rantoul, IL, 61866
$ 375,000
Baths0.0 Sq 32,309

Monthly Estimate*

$ 2,492

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Studio

Commercial Property for sale in Rantoul, IL

for $375,000. This 32,309 square foot building was built in 1964 on a lot size of 3.56837.

Welcome to Ruger's Bowling Alley - Where Entertainment Meets Opportunity! This impressive 32,000-square-foot facility offers a thriving business that blends classic bowling fun with modern amenities and has the potential to be so much more!!! Situated in a prime location, this establishment is not just a bowling alley; it's a diverse entertainment hub with numerous revenue streams. Enjoy 14 bowling lanes, perfect for casual games, all-ready set and active leagues, and tournaments. The lanes are well-maintained and provide a fantastic experience for bowlers of all skill levels. Dive into the world of gaming machines that add an extra layer of excitement. The bar and lounge area have been tastefully updated, providing a trendy space for patrons to unwind. With six recently remodeled ADA-compliant bathrooms, your venue is accessible to everyone, ensuring a welcoming and inclusive environment. Explore the potential of four dedicated rooms that can be rented for birthday parties or utilized as offices, providing additional revenue streams. With some upgrading the snack bar would ensure guests are well-fed, enhancing their overall experience and generating additional income. Benefit from the expansive 2,000-square-foot banquet room, ideal for private events. Consider transforming it into an arcade or batting cages to appeal to sports complex families looking for entertainment while waiting for their next games. Take advantage of the 2-bedroom, 1 full-bath apartment on-site, generating additional income and providing convenient living quarters for owners or staff. This is not just a bowling alley; it's an entertainment destination with multiple revenue streams. Whether you're a seasoned business owner or an aspiring entrepreneur, Ruger's offers an exciting opportunity to own a thriving establishment with limitless potential. Don't miss out - make this diverse entertainment hub yours today!

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Commercial Active

Price

$ 375,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 6,334

Style

Commercial

Lot Size

3.56837

Year Built

1964

Town/City

Rantoul

County/Region

Champaign

MLS | Web ID

11969809

Features
General
Cooling Central Air
Utilities Electric to Site Gas to Site Water to Site
Possession Closing
Roof Composition Metal Rubber
Zoning COMMR
Construction Materials Brick Steel Siding
Year Built 1964
Electric Service - 201 to 600 Amps
Tenant Pays Varies by Tenant
Stories 2
Township Rantoul
Property SubType Mixed Use
Tax Year 2022
Current Use Commercial
Gross Income 0
County Champaign
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Status Active
Directions From I-57 exit 250- head East through town. The property is on the very East side of town on the South side of the road.
City Rantoul
Total Units 1
MLS Area Dewey / Fisher / Flatville / Foosland / Gifford / Ludlow / Penfield / Rantoul / Thomasboro
Lot Size Square Feet 155438
Street Name Grove
Tax Annual Amount 6334
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 78
Standard Status Active
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Exterior
Building Area Total 32309
Lot Dimensions 349.85X444.3
Exterior Steel Siding Brick
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Interior
Street Suffix Avenue
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* Excluded Features
List By
Town & Country Realty,Llp

Broker

jnettduring@gmail.com

Email

Affordability Calculator

$3,020
Per Month
83%
17%
0%
Monthly Principal & Interest
$2,492
Monthly Property Taxes
$528
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/2/2024$375,000 Listed Price

Map


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1568 E Grove Avenue, Rantoul, IL, 61866 is a Commercial Property for sale at $375,000 with 32,309 sqft and a lot size of 3.56837. 1568 E Grove Avenue is a studio with 0.0 baths and was built in 1964. The property's zip code is 61866 which is in Rantoul, IL