930 2nd St Pekin, IL 61554-4330
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.
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Two P’s Pizza & Pub Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.