Property profile

930 2nd St Pekin, IL 61554

OFF-MARKET
Bars & Pubs
Property ID
US28-2362779
3,137 SF 0.12 ac lot Built 1975
Trust Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1975
Total area 3,137 SF
Lot 0.12 ac (5,227 SF)
APN 04-10-03-302-001
UPID US28-2362779

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

930 2nd St Pekin, IL 61554-4330
Pekin metro Census 20900 PEORIA, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2018
Price N/A
2006
Price N/A
1999
$79,001
1997
$66,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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