1440 8Th St Pekin, IL 61554
- Commercial real estate
- 4,208 SF
- 0.53 lot acres
Current Use by Public Records
- Good Tequila's - Pekin / Mexican Restaurant
Property Details for 1440 8Th St
- Year built
- 1948
- Lot size
- 0.53 lot acres
- Property size
- 4,208 SF
- Property type
- Commercial real estate
Description
This exceptional 4,208 square foot commercial property located at 1440 N 8th Street in Pekin, Illinois presents a rare investment opportunity. Situated on a 0.53-acre lot, this building boasts a high-traffic, high-visibility corner location, making it ideal for a variety of businesses. The property includes a fully equipped kitchen featuring an oven, dryer, warmer, flat-top grill, free-standing coolers, a walk-in cooler, and multi-compartment sinks. Extensive existing furnishings and equipment are included in the sale, representing significant value. This inventory includes sixteen 4-person booths, twelve 4-person tables, forty-three dining chairs, two high-top tables with twenty stools, four flat-screen TVs, and high chairs. A full bar setup is also included. Beyond the commercial space, the property offers the potential for living quarters above the restaurant, adding to its versatility and appeal. The asking price is $119,900. This property presents a unique blend of commercial potential and residential possibilities, making it an attractive investment in a desirable location. Don't miss this chance to own a well-equipped, established commercial space with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pekin
- County
- Tazewell
- State
- Illinois
- Longitude
- -89.6408
- Latitude
- 40.5806
