251 Derby St Pekin, IL 61554
- Bars
- 2,640 SF
- 0.45 lot acres
Current Use by Public Records
- ATM / Atm
- Twisted Spoke Saloon / Bar & Grill
Property Details for 251 Derby St
- Year built
- 1953
- Lot size
- 0.45 lot acres
- Property size
- 2,640 SF
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 04-10-03-402-015
- APU
- 41003402015
Description
This exceptional turnkey opportunity presents the Twisted Spoke Saloon, a well-established bar and concert venue located at 251 Derby Street, Pekin, IL. The 2,640 square foot building sits on a 0.45-acre lot and is offered for sale at $199,000. The property includes all furniture, fixtures, and equipment, representing a significant cost savings for a new owner. The sale also includes an active liquor license, allowing immediate operation. The Twisted Spoke boasts a full kitchen, a spacious outdoor patio, and ample parking, catering to a diverse clientele. Recent updates ensure the building is in excellent condition. The property features a state-of-the-art sound system, ideal for live music performances, which were a key part of the venue's previous operation. Further enhancing the income potential are leased gaming machines, an ATM, a jukebox, and league dartboards. The business closed in August 2024, presenting a unique chance to acquire a ready-to-operate, well-known establishment in the Pekin community. This is a rare opportunity to purchase a fully equipped and licensed bar and venue with significant existing infrastructure and potential for immediate revenue generation.
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
- -89.6548
- Latitude
- 40.5568
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA
