Listing Summary
Turnkey Liquor & C-Store with property & gaming in Harrisburg, IL! $449,000 + inv. $11K+ net profit/mo, $5K gaming revenue, Opportunity Zone. Call (770) 664-9999!
Full Description
High-Yield Liquor & Convenience Store with Real Estate & Gaming: 508 E Poplar St, Harrisburg, IL
Offering an exceptional combination of real estate ownership, strong gaming commission, 100% credit card fee pass-through, and an advantageous Opportunity Zone location, this established Liquor & Convenience Store property at 508 E Poplar Street, Harrisburg, IL 62946 represents a high-return commercial acquisition. Offered at an asking price of $449,000 (plus inventory) for both the operating business and real estate, this 2015-built retail property delivers turnkey cash flow in Southern Illinois' primary retail basin.
Generating over $40,000 in monthly inside sales alongside substantial secondary income streams—including $5,000 per month in COAM (Video Gaming) commissions—the seller currently nets over $11,000 per month after paying $3,500 in payroll and operational expenses. An owner-operator or family team can instantly capture management payroll to take home nearly $14,500 per month ($174,000+ annually).
Financial Performance & Key Property Facts
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Asking Price: $449,000 (Includes Business Value & Real Estate Property + Inventory at Cost)
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Property Type: Commercial Retail / C-Store & Gaming Lounge (Class C)
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Year Built: 2015 (Modernized Retail Facility Structure)
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Lot Size: 0.28 Acres / 12,197 SF
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Federal Opportunity Zone: Yes (Qualifies for Federal Tax Deferrals & Capital Gains Benefits)
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Monthly Inside Sales: ~$40,000 / Month
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Monthly Video Gaming (COAM) Income: ~$5,000 / Month
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Lottery Commission: ~$700 / Month
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ATM Commission: ~$150 / Month
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Credit Card Fee Overhead: $0 (100% Pass-Through Non-Cash Adjustment to Customers)
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Seller's Monthly Net Profit: $11,000+ / Month (Net of $3,500 Payroll)
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Owner-Operator Net Profit Potential: ~$14,500 / Month
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Brokerage Contact: River Brokers — Direct Phone: (770) 664-9999 | info@riverbrokers.com
Portfolio Acquisition Opportunity
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Two-Store Package Option: The seller owns a second profitable Liquor & C-Store with real estate located less than 5 minutes away (offered individually at $399,000 plus inventory).
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Package Discount: New ownership can acquire both properties and operating businesses as a strategic local monopoly for a combined package price of $799,000 (plus inventory).
Operational Strengths & Growth Catalysts
Engineered for low friction, high profit margins, and simple management:
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100% Credit Card Fee Savings: The store operates a cash-discount/surcharge system where credit card processing fees are paid entirely by customers, saving thousands of dollars in annual merchant processing overhead.
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Operating Hours Expansion: Store is currently open for only ~12 hours per day. Extending evening or early morning operating hours presents an immediate avenue to boost inside retail and gaming revenues.
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Established Gaming & Lottery Customer Base: Video gaming (COAM) terminals deliver $60,000 in high-margin passive annual income with zero cost-of-goods-sold.
Strategic Harrisburg / Saline County Trade Area
Positioned in the commercial hub of Saline County:
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Regional Commercial Draw: Harrisburg serves as the primary retail hub for over 23,000 Saline County residents and surrounding rural communities, driving strong pass-by commuter traffic.
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Higher Education Presence: Located minutes from Southeastern Illinois College’s main campus, providing steady weekday daytime demand from students, faculty, and administrative staff.
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Surrounding Local Amenities & Schools: Minutes from local schools (Harrisburg High, Harrisburg Middle, East Side and West Side Elementary serving 1,300+ students and staff), dining options (Morello’s, El Ranchito, Tequilas, Mackie’s Pizza, Casey’s), and regional hotels (Super 8, Quality Inn, Economy Inn).
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Regional Highway Mobility: Convenient access across Southern Illinois and neighboring state lines — 45 minutes from Marion, IL; 1 hour from Carbondale, IL & Paducah, KY; 1.5 hours from Evansville, IN; and 2 hours from St. Louis, MO.
Whether you are looking to acquire a high-yield retail gaming property under $450k, secure Opportunity Zone tax advantages, or purchase a two-store convenience portfolio in Saline County, 508 E Poplar Street delivers cash flow, location, and proven financial performance.
Quick Glance
- Listing ID:
CL-Illinois-28723
- Status:
Active
- Year Build:
2015
- Building Size:
N/A
- Lot Size:
0.28 Acr
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