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    301 E Main St South Pekin, IL 61564

    For Sale
    $50,000

    Commercial - South Pekin, IL

    Property size:
    1,386 SF
    Lot size:
    0.19 Acres
    Days on Market:
    111
    Last Refresh:
    Dec 6 at 8:06 am

    Property Features for 301 E Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMERCIAL
    APN
    10-10-27-412-015
    Size
    1,386 SF
    Lot size
    0.19 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Flooring type
    Concrete, Tile
    Building materials
    Frame, Vinyl Siding
    Roof type
    Composition, Shingle
    Architectural style
    Other

    Adam Merrick Real Estate (309) 273-1808 [email protected]

    Listing agent Adam Merrick (309) 282-1000 License #471018071

    Listing date Aug 18, 2025

    MLS# PA1260212 Listing URL

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Restaurant Opportunity on Main

    This is a fully-equipped restaurant property located on Main Street in South Pekin, Illinois. The property is a turnkey operation in a high-visibility location. The sale includes professional-grade kitchen equipment, such as a commercial-grade ventilation hood, cooler, and freezer. The cooking line includes a range and flattop grill. The front-of-house is equipped with dining tables, chairs, and booths. The property is suitable for an aspiring chef or a seasoned restaurateur to establish a new local restaurant. The property size is 1386 square feet and the lot size is 0.19 acres. The zoning is commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    RJ's Diner Restaurant RJ's Cafe Restaurant

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Storage Facility Pawn Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Pekin
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.648766
    Latitude
    40.494809

    FAQs

    What type of property is this?
    Turn key restaurant - Fully-equipped restaurant ready for a new owner in South Pekin.
    Where is this turn key restaurant located?
    The property is located at 301 E Main St South Pekin, IL.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: - Turnkey restaurant opportunity: Fully equipped and ready for immediate operation.; - High-visibility Main Street location: Ideal for attracting customers.; - Comprehensive inventory of professional-grade kitchen equipment: Includes ventilation hood, cooler, freezer, range, and flattop grill.
    (309) 282-1000
    Request Owner's contact information
    301 E Main St South Pekin, IL 61564
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    South Pekin, IL 61564
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    301 E Main St South Pekin, IL 61564
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