251 Derby StPekin, IL 61554

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.