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516 Madison Avenue

Madison, IL 62060
  • $20,000
  • STATUS: Pending
  • ON SITE: 33 Days
  • ID#: 26044425
Pending
UPDATED: 217 min ago
$20,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1930
County:

School Ratings & Info

Description

ONLY $6000.00 DOWN BUYS THIS GREAT INVESTMENT OPPORTUNITY TO OWN the Famous AL's 520 Club and next-door GRILL. OPEN HOUSE IS WED JULY 15th 5-6PM ON-LINE AUCTION ENDS JULY 23rd @ 6PM. Balance due in 30days at Alpine Title Co. This property has history with a Pool Leagues. Horseshoes, Gaming, Liquor Licenses is Transferable to qualified buyer. Upstairs has 2 apartments for additional income. the Grill could be rental or workable income. visit: www.theauctionhouseco.com for all the auction terms and conditions! ONCE IN A LIFETIME CHANCE!

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Listing information © 2026 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2026-08-13T23:39:35.28.

Fusion Realty, LLC: 618.781.9170
www.fusionrealtyhomes.com/homes/178737230
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516 Madison Avenue Madison, IL 62060

  • Price: $20,000
  • Status: Pending
  • On Site: 33 Days
  • Updated: 217 min ago
  • ID#: 26044425
0
Beds
0
Baths
0
½ Baths
0.29
Acres
1930
Built
Neighborhood:
Madison Town
County:
Madison
Property Description
ONLY $6000.00 DOWN BUYS THIS GREAT INVESTMENT OPPORTUNITY TO OWN the Famous AL's 520 Club and next-door GRILL. OPEN HOUSE IS WED JULY 15th 5-6PM ON-LINE AUCTION ENDS JULY 23rd @ 6PM. Balance due in 30days at Alpine Title Co. This property has history with a Pool Leagues. Horseshoes, Gaming, Liquor Licenses is Transferable to qualified buyer. Upstairs has 2 apartments for additional income. the Grill could be rental or workable income. visit: www.theauctionhouseco.com for all the auction terms and conditions! ONCE IN A LIFETIME CHANCE!
Exterior Features

Carport Spaces 1 Carport YN Yes Construction Materials Brick Fencing Back YardWood Foundation Details Block Parking Features Additional ParkingAlley AccessAsphaltAssignedAttachedDetached CarportOff StreetOn SiteOn StreetParking LotStorage Road Frontage Type City StreetEasement Road Surface Type Concrete Waterfront YN No

Interior Features

Appliances OtherRefrigeratorFree-Standing RefrigeratorVented Exhaust FanGas Water Heater Cooling Central Air Flooring Linoleum Heating Forced Air Main And Upper Level Bathrooms 0 Main And Upper Level Bedrooms 0 Stories Total 2

Property Features

Association Southwestern Illinois Board of REALTORS Auction YN Yes Building Features BasementBathroomsKitchen FacilitiesLightingOtherPatioSignage Building Name AL's 520 CLUB & GRILL Business Name AL's 520 CLUB & GRILL Business Type Bar/Tavern/LoungeFast FoodRentalRestaurant Current Use Bar/Tavern/Lounge Disclosures Occupancy Permit Required Easement Type Road/Right Of Way Electric Single Phase Gross Income 0 Inclusions Business Listing Terms CashContractConventional Other Equipment Other Ownership Type Private Possession Close Plus 30 Days Special Listing Conditions Auction Tax Annual Amount 3157 Tax Exempt YN No Tax Legal Description LOT 21 22 23 142.5X87.5 Tax Year 2024 Utilities Electricity ConnectedNatural Gas AvailableSewer ConnectedWater Connected

Listing provided courtesy of The Auction House Company: 618-344-3545. Listing information © 2026 Mid America Regional Information Systems, Inc.
Listing information © 2026 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2026-08-13T23:39:35.28.

Fusion Realty, LLC: 618.781.9170
 
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