Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1923 Adams St Peoria, IL 61602

    Sponsored
    For Sale
    $125,000

    Historic Peoria Bar & Lot, $125K

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial land opportunity in Peoria, Illinois, presents a unique investment prospect. Located at 1923 SW ADAMS Street, 61602, this property encompasses the site of Dan's Towbar, a renowned neighborhood bar boasting a rich history dating back to before Prohibition (pre-1917). The property offers a well-maintained building featuring a spacious main room with a fully operational bar and ample seating for patrons. Beyond the main bar area, there's an expansive game room, providing additional entertainment space and revenue potential. A sizable back lot offers further possibilities, ideal for outdoor events, parties, or expansion. The current operation is turnkey, ensuring a smooth transition for the new owner. This established business enjoys excellent cash flow, making it an attractive investment for those seeking a profitable venture with significant historical significance in the Peoria community. The property is zoned for commercial use and presents a rare chance to acquire a piece of Peoria's vibrant history. The asking price for this exceptional property is $125,000. The property's latitude and longitude coordinates are 40.6779754, -89.6110478 respectively.

    Property Features for 1923 Adams St

    General Information

    Property type
    Land

    HighLights

    • $125,000 asking price for commercial land.
    • Located at 1923 SW ADAMS Street, Peoria, IL 61602.
    • Property type: Commercial Land.
    • Established Peoria bar with strong cash flow and historical significance.
    • Turnkey operation with ample space including a main bar area, game room, and outdoor space.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM Atm On Tap Bar Dans Tow Bar Bar

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Peoria
    County
    Peoria
    State
    Illinois
    Longitude
    -89.6110478
    Latitude
    40.6779754

    Nearby Similar for Sale

    • $1,600,000
      Pending

      20-Unit Multifamily Investment Opportunity

      Stabilized, income-producing property with renovation and rent growth potential.
      1119 N Underhill St, Peoria, IL 61606
      View Details
    • $168,000
      0.15 Acres

      Investment Opportunity Near Bradley University

      Multi-family property near Bradley University, ideal for student housing.
      1620 W Fredonia Ave, Peoria, IL 61606
      View Details
    • $550,000
      0.60 Acres

      Bradley University Investment Portfolio

      Six homes near Bradley University, prime investment opportunity.
      700 N Underhill St, Peoria, IL 61606
      View Details
    • $250,000
      Pending

      Updated Duplex in Peoria, IL

      Income-producing duplex with updates, spacious areas, and garages.
      1521-1523 W Daytona Dr, Peoria, IL 61614
      View Details
    • $105,000
      0.14 Acres

      Peoria Multifamily Investment Opportunity

      Multifamily property with two units, great investment potential.
      609 W Armstrong Ave, Peoria, IL 61606
      View Details
    • New
      $159,000
      Pending

      Updated Duplex with Separate Utilities

      Well-maintained duplex featuring separate utilities and recent updates.
      1411-1413 E Tripp Ave, Peoria, IL 61603
      View Details
    • $69,900
      Pending

      Peoria Triplex with Multiple Units

      Triplex in Peoria, IL featuring multiple units and on-site laundry.
      1631 N California Ave, Peoria, IL 61603
      View Details
    • $59,900
      0.14 Acres

      Peoria Duplex Investment Opportunity

      Duplex with two bedrooms and full bathroom in each unit.
      818 NE Madison Ave, Peoria, IL 61603
      View Details
    • $224,900
      0.31 Acres

      Peoria Mixed-Use Corner Lot

      C-1 zoned corner lot suitable for business or residential use.
      4303 W Lynnhurst Dr, Peoria, IL 61615
      View Details
    • $2,800,000
      0.80 Acres

      Iconic Restaurant & Brewpub Opportunity

      Turnkey restaurant and brewpub in downtown Peoria for sale.
      321 NE Madison Ave, Peoria, IL 61603
      View Details
    • $950,000
      2.01 Acres

      Peoria Industrial Location For Sale

      Commercial property in Peoria, Illinois, suitable for industrial use.
      1034 NE Adams St, Peoria, IL 61603
      View Details
    • Contact for pricing
      130,086 SF

      Multi-Venue Entertainment Complex For Sale

      Established entertainment complex with multiple revenue streams and investment opportunities.
      3225 N Dries Ln, Peoria, IL 61604
      View Details

    FAQs

    What type of property is this?
    Land - Historic Peoria Bar & Lot, $125K
    Where is this land located?
    The property is located at 1923 Adams St Peoria, IL.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: $125,000 asking price for commercial land.; Located at 1923 SW ADAMS Street, Peoria, IL 61602.; Property type: Commercial Land.
    Request Owner's contact information
    1923 Adams St Peoria, IL 61602
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1923 Adams St
    Peoria, IL 61602
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1923 Adams St Peoria, IL 61602
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.