630 Main St Peoria, IL 61606

This 1,840-square-foot, single-unit retail property at 631 W Main Street in Peoria, Illinois, presents a unique investment opportunity. Located in the heart of Peoria's vibrant West Main Form District (WM zoning), this vacant bar and restaurant space boasts a rich history, previously housing Pitch Karaoke Bar and The Elbo Room. The building, constructed in 1920 and extensively renovated in 2022, features new flooring, plumbing, and electrical systems. A new roof was installed in 2018. The property sits on a 0.04-acre lot and is approved for a liquor license, gaming, and a beer garden addition, offering significant potential for expansion and revenue generation. The asking price is $150,000, and the lease type is gross. This owner/user opportunity allows for immediate occupancy and customization to suit a new concept. The property's prime location and recent renovations make it an ideal investment for an experienced restaurateur or a new business venture seeking a turn-key establishment in a thriving downtown area. The property is zoned for commercial use.