251 Derby StPekin, IL 61554

For Sale
$199,000

Established Bar/Venue, Fully Equipped, Liquor License

Overview

Added:
Feb 3
Days on market:
41
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 Details for 251 Derby St

Property type
Other commercial real estate
Square Feet
2,640 SF
Lot Size (sq. ft)
19,602 SF

Location Insight

City
Pekin
County
Tazewell
State
Illinois
Latitude
40.55676
Longitude
-89.65494
251 Derby St, Pekin, Illinois
Leaflet | © OpenStreetMap contributors

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251 Derby St
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