Dodge Lanes

Retail-Commercial for Sale
Catylist Listing ID: 30272365
Property Subtypes: Free-Standing Building, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 24,443 SF
Gross Land Area: 2.55 Acres
Sale Price: $1,100,000
Unit Price: $45 PSF
In Opportunity Zone? Yes
Property Use Type: Business
Building Name: Dodge Lanes Bowling Alley and Cocktail Lounge
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/5/2019

Overview / Comments

Ideal for Redevelopment.
Prime location on the corner of N. State and Appleton Road in Belvidere, IL
All equipment and inventory available for separate purchase.
Dodge Lanes is currently operating as a full-service bowling alley with 24 updated bowling lanes with electronic scoring. Also features a full cocktail lounge, 5 video gaming machines, separate game room, banquet room and snack bar.
Building and roof are in good condition. 800 AMP electrical service.

Additional Details

Nearest MSA: Rockford
County: Boone
Taxing Authority: Boone County, IL
Tax ID/APN: 05-22-476-008
Zoning: GB, NO, MR-8L
Retail Clientele: General, Recreation
Property Located Between: N. State Street and Appleton Road
Property Visibility: Excellent
Feet of Frontage: 290
Traffic/Vehicle Count: 13,000
Airports: Chicago/Rockford International
Site Description: Next to corner of N. State St. and Appleton Road in Belvidere, IL.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 24,443 SF
Property Condition: Good
Year Built: 1965
Roof Type: Hip
Construction/Siding: Brick/Aluminum Siding
Parking Type: Surface
Parking Description: Excellent parking for over 100 cars.
Sprinklers: Wet
Heat Type: Natural Gas, Hot Water
Heat Source: Central
Air Conditioning: Other
Interior Description: Typical bowling alley layout. See photos.
Zoning Description: Zoned for a variety of commercial and multi-family uses.
Lot Frontage: 290
Lot Depth: 333
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,989 29,671 40,272
Median Age: 30.54 36.95 37.82
Households: 2,104 10,510 14,321


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