Sell Real Estate for FREE

Sell Your Home for FREE!

516 Madison Ave., Madison, IL

Sale Type
For Sale
Sale Price
$50,000
Open House Date/Time
Wednesday, July 15, 2026
@ 5:00 pm
- 6:00 pm
Description

The Ole' AL's 520 Bar & Restaurant

Historic Madison Avenue bar and restaurant opportunity! Known locally as The Ole’ Al’s 520 / Al’s 520 Club, this longtime neighborhood tavern offers rustic character, local recognition, and flexible commercial potential. The main tavern building, reportedly built in 1930, offers approximately 2,940 SF, plus a separate 425 SF frame food stand ideal for carryout, concessions, or additional food service use. Public records for 516 Madison Ave. show a 0.29-acre commercial take-out restaurant property in Madison County. Located in Madison’s Metro East market just minutes from downtown St. Louis, interstate access, rail, river, and airport connections. A rare opportunity for an owner-operator, investor, or entrepreneur to revive, reposition, or reimagine a recognizable local bar and restaurant property. Transferable liquor license can also be applied for if desired upon approval. Potential rental opportunity upstairs in restaurant complete with two separate entry two-bedroom one bath apartments. Downstairs pool league has been active for over 30 years! Buyer to verify all information, zoning, licensing, fixtures, and permitted uses.

See the HiBid link for complete auction terms and conditions.

Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent’s knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions.