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2204 Fosterburg Rd
Alton, IL 62002
Retail Property For Sale
Investment Highlights
- Fully turnkey commercial venue with indoor and outdoor entertainment zones
- Ample onsite and overflow parking with room for future development
- Private gaming room with a strong historical revenue track record
- Updated commercial kitchen with new cooler and freezers
Executive Summary
Located along the high-traffic corridor of Fosterburg Road, this turnkey commercial venue offers a rare opportunity to acquire a fully equipped entertainment, dining, and events destination. Situated on approximately 2.7 acres, the property features an expansive interior layout complemented by multiple indoor and outdoor entertainment zones designed to support year-round activity and strong customer traffic.
The main building includes a spacious indoor bar, a dedicated event area with a performance stage, and a private gaming room, providing versatility for concerts, gatherings, and themed experiences. Two additional outdoor stages support live music and festivals, while the outdoor bar includes a full-size boat serving station that creates a distinctive branding moment for operators seeking a memorable customer draw.
A recently updated commercial kitchen anchors the food and beverage operation, complete with a new walk-in cooler and two new freezers, ensuring operational efficiency for high-volume service. Additional improvements include multiple TVs, an updated camera system, and a package of included items such as furnishings, memorabilia, and even a mechanical bull, making this a truly plug-and-play opportunity.
Outdoors, the property offers a large patio with new drainage infrastructure, roll-up garage doors that expand seating capacity, and a generous asphalt-paved parking lot with overflow capacity and room for potential expansion. Historically generating more than $90,000 annually from gaming, the site presents strong upside for experienced operators or new entrants seeking a unique entertainment asset.
The main building includes a spacious indoor bar, a dedicated event area with a performance stage, and a private gaming room, providing versatility for concerts, gatherings, and themed experiences. Two additional outdoor stages support live music and festivals, while the outdoor bar includes a full-size boat serving station that creates a distinctive branding moment for operators seeking a memorable customer draw.
A recently updated commercial kitchen anchors the food and beverage operation, complete with a new walk-in cooler and two new freezers, ensuring operational efficiency for high-volume service. Additional improvements include multiple TVs, an updated camera system, and a package of included items such as furnishings, memorabilia, and even a mechanical bull, making this a truly plug-and-play opportunity.
Outdoors, the property offers a large patio with new drainage infrastructure, roll-up garage doors that expand seating capacity, and a generous asphalt-paved parking lot with overflow capacity and room for potential expansion. Historically generating more than $90,000 annually from gaming, the site presents strong upside for experienced operators or new entrants seeking a unique entertainment asset.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bar
Building Size
8,800 SF
Building Class
C
Year Built
1940
Price
$1,350,103 CAD
Price Per SF
$153.42 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.54 AC
Zoning
Commercial - Commercial
Parking
72 Spaces (7.05 Spaces per 1,000 SF Leased)
Frontage
124’ on Fosterburg Road
Amenities
- Signage
- Tenant Controlled HVAC
- Waterfront
- Accent Lighting
- Air Conditioning
Property Taxes
| Parcel Number | 19-1-08-05-00-000-010 | Improvements Assessment | $322,247 CAD |
| Land Assessment | $3,893 CAD | Total Assessment | $326,140 CAD |
Property Taxes
Parcel Number
19-1-08-05-00-000-010
Land Assessment
$3,893 CAD
Improvements Assessment
$322,247 CAD
Total Assessment
$326,140 CAD
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