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516 Madison Avenue, Madison, IL, 62060

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!

Subdivision: Madison Town

List Price

$ 20,000

Status

Pending

Days on market

0

MLS#

26044425

Bedrooms

0

Full baths

0

Subdivision

Madison Town

Municipality

Madison

County

Madison-IL

Property Type

Commercial Sale

Type

Commercial Sale

Additional Information

Property Tax (2024)

$3,157

Recent Nearby Sales in 62060

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
1735 Rhodes Street, Venice, IL 62060 4/2 1,284 $112,000 $115,000
102.7% of ask
Jul 22, 2026
1833 3rd Street, Venice, IL 62060 0/0 -- $175,000 $100,000
57.1% of ask
Jul 1, 2026
2013 4th St, Madison, IL 62060 4/3 1,601 $119,000 $119,000
100% of ask
Jun 26, 2026
1835 Market Street, Madison, IL 62060 3/1 1,346 $49,900 $40,000
80.2% of ask
Jun 25, 2026
1217 Market Street, Madison, IL 62060 0/0 -- $119,900 $65,000
54.2% of ask
Jun 24, 2026
00 Bend Road, Madison, IL 62060 0/0 -- $986,000 $887,400
90% of ask
Jun 19, 2026

Price & Listing History

Listed for sale
Jul 11, 2026 at $20,000
Current status: Pending
As of Aug 11, 2026 · $20,000

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