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    199 State Road 60 Pekin, IN 47165

    For Sale
    $175,000

    Established Business, Huge Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 3600+ square foot facility in Pekin, Indiana, presents endless possibilities for a savvy investor. The property boasts a fully equipped, wrap-around bar, multiple pool tables, a dedicated concert stage, and a spacious dance floor, all complemented by a full kitchen. The expansive outdoor area is perfect for hosting a variety of events, featuring a covered porch, smoker/grill, and ample picnic tables. Convenient parking is available both in front and behind the building. The property's versatility allows for diverse revenue streams, whether through hosting various events or leasing out portions of the space. A significant advantage is the inclusion of an active 3-way liquor license, including Sunday sales, providing immediate revenue generation potential. This turnkey operation is ready for a new owner to capitalize on its established infrastructure and high-demand location. The property is situated at 199 E State Road 60, Pekin, IN, and is offered at $175,000. The substantial square footage and existing amenities offer a unique opportunity to establish or expand a thriving entertainment business. The combination of indoor and outdoor space, coupled with the liquor license, makes this a truly exceptional investment opportunity. Serious inquiries are encouraged.

    Property Features for 199 State Road 60

    General Information

    Property type
    Investment properties
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Gym & Fitness Kitchen & Bath Bar & Pub Daycare Center Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pekin
    County
    Washington
    State
    Indiana
    Longitude
    -86.01631
    Latitude
    38.50381

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    FAQs

    What type of property is this?
    Investment property - Established Business, Huge Potential
    Where is this investment property located?
    The property is located at 199 State Road 60 Pekin, IN.
    What is the asking price?
    The asking price for this property is $175,000.
    (502) 645-3293
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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 Road 60 Pekin, IN 47165
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