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Historic Peoria Bar For Sale
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1923 SW ADAMS Street, Peoria, IL 61602

Turn-key neighborhood bar with rich history and excellent cashflow.

Property Size1,863 SF
Price / SF$67.10
Days on Market706

Property Features for 1923 SW ADAMS Street

General Information

Standard status Active
Size 1,863 SF
Property subtype Land
Zoning I2
Listing Agency: Gallery Homes Real Estate
Listed By: John Tomlins
Source: Crexi
Added: Sep 18, 2024 Changed: Aug 24 Last Checked: Aug 24 at 2:29AM

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 Gallery Homes Real Estate

Investment Insights

Based on property information with market context.

This is one of the oldest continuously operated neighborhood bars in Peoria, with roots dating back beyond 1917, before Prohibition. The property features well-maintained facilities, rich in Peoria history, with excellent cash flow. The layout includes an ample main room with a bar and space for additional tables, an expansive game room, and a back lot suitable for parties. The operation is turn-key. The property size is 1863 square feet.

Key Highlights

  • Excellent cash flow, a great investment opportunity.
  • Turn‑key operation, ready for immediate success.
  • Rich in Peoria history, one of the oldest continuously operated neighborhood bars.

Property Analytics

Current Use

ATM Atm On Tap Bar & Pub Dans Tow Bar Bar & Pub

Suggested Use

Top Pick Dental Office Real Estate Agency Restaurant Spa & Massage Center Hair Salon Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

649
Businesses Nearby
797
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Home Improvements & Furnishings 100%
Johnstone Supply Home Improvements & Furnishings
797 visits/mo 0.2 miles

Demographics for 61602, IL

1,198
Population
813
Households
1.5
Avg Household Size
39
Median Age
37%
College-Educated
92%
High-School Grad
1.1 sq mi
ZIP Area
1,089
Density / Sq Mi
$17,273
Median Household Income
$34,082
Median Earnings
$912
Median Rent
$222,700
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Bar & Pub - Turn-key neighborhood bar with rich history and excellent cashflow.
Where is this bar & pub located?
The property is located at 1923 SW ADAMS Street 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: Excellent cash flow, a great investment opportunity.; Turn‑key operation, ready for immediate success.; Rich in Peoria history, one of the oldest continuously operated neighborhood bars.
More about this property
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