199 State Rd Pekin, IN 47165
This exceptional 3600+ square foot facility presents a unique investment opportunity in Pekin, Indiana. Currently configured as a bar and event space, the property boasts a fully equipped built-in bar, multiple pool tables, a dedicated concert stage, a spacious dance floor, and a complete kitchen. The expansive interior is complemented by a generous outdoor area, ideal for hosting games and various events. Ample parking is available at the rear of the building. The property's current setup lends itself perfectly to a thriving sports bar, with the potential to add a comprehensive menu and televisions to enhance the customer experience. However, the versatile layout offers numerous possibilities beyond a traditional bar setting. The substantial space could be easily adapted to accommodate a variety of businesses or leased out in sections to generate additional revenue streams. A significant advantage is the inclusion of an active 3-Way Liquor License, a valuable asset for any establishment serving alcoholic beverages. This turnkey operation presents a rare chance to acquire an established business with significant upside potential in a desirable location. The property's size, amenities, and existing liquor license combine to create a compelling investment opportunity with endless possibilities. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.