930 2nd St Pekin, IL 61554-4330
- Bars
- 3,137 SF
- 0.12 lot acres
Current Use by Public Records
- Two P’s Pizza & Pub / Pizza Restaurant / Bar
Property Details for 930 2nd St
- Year built
- 1975
- Lot size
- 0.12 lot acres
- Property size
- 3,137 SF
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 04-10-03-302-001
- APU
- 41003302001
Description
This exceptional commercial property, located at 930 S 2nd Street in Pekin, Illinois, presents a unique investment opportunity for savvy business owners. Boasting a generous 3,131 square feet of space, the building currently operates as a functioning tavern on one side and a retail space on the other. This versatile layout offers significant flexibility, allowing for continued operation as a dual-use establishment or the potential for conversion into a larger, combined restaurant and bar. The existing infrastructure is already ideally suited for the addition of electric slot gaming machines, presenting an attractive revenue stream for the new owner. The property's strategic location within both the Tif and Enterprise zones offers considerable economic advantages, including potential tax benefits and incentives. This prime location provides excellent visibility and accessibility, ensuring high foot traffic and easy customer access. The building's solid construction and existing operational setup minimize upfront investment costs, allowing for a quicker return on investment. This is a rare opportunity to acquire a well-established, multi-functional commercial property in a thriving area, offering substantial potential for growth and profitability. The asking price is $135,000. The property sits on a lot with zero acres. Serious inquiries are encouraged.
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
- -89.6562
- Latitude
- 40.56
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA
