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OFF-MARKET
Investment properties

199 State Rd Pekin, IN 47165

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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