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251 Derby St Pekin, IL 61554

Sponsored
For Sale
$199,000

Established Bar/Venue, Fully Equipped, Liquor License

Property size:
2,640 SF

Description

Added:
Feb 3, 2025
Days on Market:
340
This exceptional turnkey opportunity presents the Twisted Spoke Saloon, a well-established bar and concert venue located at 251 Derby Street, Pekin, IL. The 2,640 square foot building sits on a 0.45-acre lot and is offered for sale at $199,000. The property includes all furniture, fixtures, and equipment, representing a significant cost savings for a new owner. The sale also includes an active liquor license, allowing immediate operation. The Twisted Spoke boasts a full kitchen, a spacious outdoor patio, and ample parking, catering to a diverse clientele. Recent updates ensure the building is in excellent condition. The property features a state-of-the-art sound system, ideal for live music performances, which were a key part of the venue's previous operation. Further enhancing the income potential are leased gaming machines, an ATM, a jukebox, and league dartboards. The business closed in August 2024, presenting a unique chance to acquire a ready-to-operate, well-known establishment in the Pekin community. This is a rare opportunity to purchase a fully equipped and licensed bar and venue with significant existing infrastructure and potential for immediate revenue generation.

Property Features for 251 Derby St

General Information

Property type
Other commercial real estate
Square Feet
2,640 SF
Lot Size
19,602 SF

Property Profile Location Intelligence

Current Use by Public Records

ATM Atm Twisted Spoke Saloon Bar & Grill

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Pekin
County
Tazewell
State
Illinois
Longitude
-89.65494
Latitude
40.55676

FAQs

What type of property is this?
Commercial real estate - Established Bar/Venue, Fully Equipped, Liquor License
Where is this commercial real estate located?
The property is located at 251 Derby St Pekin, IL.
What is the asking price?
The asking price for this property is $199,000.
More about this property
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