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Property profile & analytics
FOR SALE
Turn key restaurants

199 State Road 60 Pekin, IN 47165

3,640 SF 0.4 ac lot Built 1940
Individually Owned Absentee Owner Free & Clear
Property ID
US31-1735278
Property summary
AI-generated overview

This exceptional 3600+ square foot facility in Pekin, Indiana, presents endless possibilities for a savvy investor. The property boasts a fully equipped, wrap-around bar, multiple pool tables, a dedicated concert stage, and a spacious dance floor, all complemented by a full kitchen. The expansive outdoor area is perfect for hosting a variety of events, featuring a covered porch, smoker/grill, and ample picnic tables. Convenient parking is available both in front and behind the building. The property's versatility allows for diverse revenue streams, whether through hosting various events or leasing out portions of the space. A significant advantage is the inclusion of an active 3-way liquor license, including Sunday sales, providing immediate revenue generation potential. This turnkey operation is ready for a new owner to capitalize on its established infrastructure and high-demand location. The property is situated at 199 E State Road 60, Pekin, IN, and is offered at $175,000. The substantial square footage and existing amenities offer a unique opportunity to establish or expand a thriving entertainment business. The combination of indoor and outdoor space, coupled with the liquor license, makes this a truly exceptional investment opportunity. Serious inquiries are encouraged.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1940
Construction WOOD
Total area 3,640 SF
Lot 0.4 ac (17,424 SF)
APN 88-14-24-444-060.000-014
UPID US31-1735278
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
by Request
Owner & transaction history
ORIGINAL POP-A-TOP
ORIGINAL POP-A-TOP
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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