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    199 State Rd Pekin, IN 47165

    For Sale
    $195,000

    Established Bar & Event Venue - Huge Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 3600+ square foot facility presents a unique investment opportunity in Pekin, Indiana. Currently configured as a bar and event space, the property boasts a fully equipped built-in bar, multiple pool tables, a dedicated concert stage, a spacious dance floor, and a complete kitchen. The expansive interior is complemented by a generous outdoor area, ideal for hosting games and various events. Ample parking is available at the rear of the building. The property's current setup lends itself perfectly to a thriving sports bar, with the potential to add a comprehensive menu and televisions to enhance the customer experience. However, the versatile layout offers numerous possibilities beyond a traditional bar setting. The substantial space could be easily adapted to accommodate a variety of businesses or leased out in sections to generate additional revenue streams. A significant advantage is the inclusion of an active 3-Way Liquor License, a valuable asset for any establishment serving alcoholic beverages. This turnkey operation presents a rare chance to acquire an established business with significant upside potential in a desirable location. The property's size, amenities, and existing liquor license combine to create a compelling investment opportunity with endless possibilities. Serious inquiries are encouraged.

    Property Features for 199 State Rd

    General Information

    Property type
    Investment properties
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Map

    City
    Pekin
    County
    Washington
    State
    Indiana
    Longitude
    -86.0119
    Latitude
    38.4945

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    FAQs

    What type of property is this?
    Investment property - Established Bar & Event Venue - Huge Potential
    Where is this investment property located?
    The property is located at 199 State Rd Pekin, IN.
    What is the asking price?
    The asking price for this property is $195,000.
    (502) 645-3293
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    199 State Rd Pekin, IN 47165
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    Pekin, IN 47165
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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
    199 State Rd Pekin, IN 47165
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