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HOW TO SUBMIT A PRE-AUCTION BID
Click on the Pre-Auction Offer Form link in the upper right hand corner of our website and submit your bid with proof of funds.
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HOW TO REGISTER & BID ONLINE
Register: If you do not have an account on this website, click the “Register” button above and complete the brief registration form. We will then send you an email with a verification link that you must click in order to create a new account.
Important: You must be pre-approved to bid online. Follow these instructions to get approved to bid online:
BID APPROVAL PROCESS:
- Review all information and due diligence documents posted on the property listing on our website.
- Read the Terms and Conditions and Purchase and Sale Agreement posted on the property listing on our website.
- Wire or overnight the certified funds required to bid on the property (for amount required see Terms and Conditions).
- Click the "Get Approved to Bid" button.
- You will receive an email notifying you that you have been approved to bid on the property.
If you have any questions, contact us. We would be happy to assist you.
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The wiring instructions are now available for download using this link: Wiring Instructions.pdf.
Fair Haven Bowl in Mundelein, IL
Bidding is not allowed on this item at the moment.
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ASK ABOUT THIS ITEM
FOR SALE/NOT AUCTION
Asking Price: $899,000
Cooperating Broker's Commission: 2%
Lot Size: Approx. 1.64 Acres
Building Size: Approx. 22,000 SF
Cap Rate: 13.64%
NOI: $122,600
2016 Taxes: $26,289
PIN #: 11-19-402-018-0000
Zoning: C-5-C Downtown Corridor
This currently operating 24 lane bowling alley features a kitchen, bar, and gaming room that produces income. Known as the Fair Haven Bowl, it regularly hosts many adult and school bowling leagues. The property also has a very profitable electronic gaming room that collects lease payments.
A new roof was installed in 1992 when the current owner bought the building and it has been regularly maintained.
Located in Mundelein, East of N. Lake Street and West of Butterfield Rd. and immediately south of W. Maple Ave (Rt 176). The property is situated on the south side of Hawley Street.
**3 STEPS REQUIRED TO REVIEW PROPERTY DOCUMENTS IN THE VAULT: 1) REGISTER ON OUR WEBSITE; 2) GO TO THE DOCUMENTS TAB, CLICK ON DOCUMENT & ACCEPT THE CONFIDENTIALITY AGREEMENT TERMS BY ENTERING YOUR PASSWORD; 3) DOWNLOAD THE DOCUMENT
View Terms and Conditions (PDF)
