251 Derby Street Pekin Pekin, IL 61554
For sale bar and restaurant with a full kitchen, gaming, and an outdoor patio plus ample parking.
- Added:
- Jul 10, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 11 at 2:43 am
Property Features for 251 Derby Street Pekin
General Information
- Standard status
- Active
- Size
- 2,640 SF
Listing office (309) 722-1612
Listing date Jul 10, 2026
Source Realestatepeoria
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Justin Ball
Investment Insights
Based on property information with market context.
The business is being offered as a corporation sale with active liquor and gaming licenses for the location. The property also features outdoor patio space and ample parking.
The complete bar and business offering is included in the sale, creating a turnkey option for an operator seeking a combined dining, gaming, and entertainment setup.
Key Highlights
- Bar, restaurant, and concert venue in Pekin includes a full kitchen, gaming area, and state‑of‑the‑art concert stage/equipment
- Re‑opened business offered for sale with all furniture, fixtures, and equipment included
- Corporation sale includes active liquor and gaming licenses for this location
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.7k | $9.72 |
| − Vacancy | −$1.4k | −$0.53 |
| EGI | $24.2k | $9.19 |
| − OpEx | −$7.3k | −$2.76 |
| NOI | $17.0k | $6.43 |
Alternative Uses
Property Analytics
Current Use by Public Records
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