Pekin, IL Restaurants for Sale

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Mapleton, IL Creve Coeur, IL Bartonville, IL Peoria, IL South Pekin, IL Groveland, IL Green Valley, IL East Peoria, IL

Updated: Jul 10

Bar, Restaurant & Concert Venue

251 Derby Street, Pekin, IL 61554

$299,000

2,640 sqft

Bar, restaurant, and concert venue in Pekin includes a full kitchen, gaming area, and state‑of‑the‑art concert stage/equipment
Re‑opened business offered for sale with all furniture, fixtures, and equipment included
Corporation sale includes active liquor and gaming licenses for this location
Building has had many updates and a recent interior renovation
Outdoor patio space plus ample parking

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This listing looks promising.

Here's a quick look at some key insights for

251 Derby Street, Pekin, IL, IL 61554

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Est. Cap Rate

5.7%
NOI ÷ price
Est. NOI

$17K
Annual
Mortgage

$280K
Jul 2019
Property Type

Bar, Tavern
Built 1953

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Updated: Jan 9

Restaurant Event Venue with Growth

353 Court Street, Pekin, IL 61554

$395,000

5,460 sqft

Updated restaurant/event venue with new roof, HVAC, and full fire‑suppression sprinkler system
Rear‑door carry‑out area connects directly to 24/7 public parking for convenient high‑volume service
Separate outside entrance provides independent access to the second and third floors
Second and third floors offer space for future development, including apartments, offices, or expanded commercial use
Building year built: 1910

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Two-Unit Commercial Bar and Retail

2601 S 14th Street, Pekin, IL 61554

$395,000

Updated two-unit building includes a turn-key golf simulator lounge and a leased convenience and liquor store unit.

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Warehouse with Restaurant Build-Out

219 N Capitol St, Pekin, IL 61554

Contact for pricing

Warehouse space includes multiple overhead doors, fire suppression, and a built-out bar and restaurant area with stage and hood.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 73 Potential Opportunities for your consideration. Besides 4 Active listings in Pekin, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 61 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Drive-Through Coffee Shop with NNN Lease

111 West Washington Street, East Peoria, IL 61611

$2,083,333

510 sqft 1.16 AC lot

Brand-new 7 Brew Coffee with a drive-thru and long-term NNN ground lease with approximately 10 years remaining.

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Freestanding Restaurant and Brewery

230 Conference Center Drive, East Peoria, IL 61611

$3,500,000

9,135 sqft

Custom-built restaurant with an open-view brewery tank area, open-view kitchen, mezzanine, and outdoor river-view seating.

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Equipped Conventional Restaurant

301 E MAIN Street, South Pekin, IL 61564

$39,900

0.19 AC lot

Commercial zoning, installed kitchen equipment, and furnished dining areas are in place for a restaurant operation.

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Drive-Through Restaurant Building

807 W Main St, South Pekin, IL 61564

Contact for pricing

Former Subway drive-through restaurant includes walk-in refrigerator and freezer with complete kitchen buildout and concrete parking.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Development Land

1003-07-13 NORTH Street, Peoria, IL 61604

$75,000

0.80 AC lot

Commercial-zoned land with public water and natural gas available.

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Commercial Land Near Lakewood Park

121 W ASHLAND Street, Morton, IL 61550

$299,900

1.00 AC lot

One-acre commercial parcel with B3 zoning and public sewer service near established retail and hospitality businesses.

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B-3 Commercial Land

150 W COURTLAND Avenue, Morton, IL 61550

$1,800,000

3.55 AC lot

Level commercial land with B-3 zoning and public sewer service.

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Retail Space for Sale

1300 WASHINGTON Street, Washington, IL 61571

$850,000

1.50 AC lot

Retail space offered for sale with commercial zoning at 1300 Washington Street in Washington, Illinois.

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Off-Market Properties in Pekin, IL

Consider similar Off-Market properties in Pekin, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

RESTAURANT

3440 Ct St, Pekin, IL 61554-6235

$340,000

Estimated value

3,858 sqft 0.99 AC lot

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RESTAURANT

2800 Ct St, Pekin, IL 61554-6228

$150,000

Estimated value

1,450 sqft 0.37 AC lot

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RESTAURANT

613 Derby St, Pekin, IL 61554-5712

$265,000

Estimated value

3,800 sqft 0.13 AC lot

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BAR, TAVERN

219 Capitol St, Pekin, IL 61554-3253

$240,000

Estimated value

4,920 sqft 0.87 AC lot

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RESTAURANT

211 8th St, Pekin, IL 61554-3464

$245,000

Estimated value

636 sqft 0.25 AC lot

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BAR, TAVERN

200 Derby St, Pekin, IL 61554-5504

$115,000

Estimated value

3,034 sqft 0.15 AC lot

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DRIVE-THRU RESTAURANT, FAST FOOD

3601 Ct St, Pekin, IL 61554-3106

$250,000

Estimated value

1,526 sqft 1.12 AC lot

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RESTAURANT

1301 Ct St, Pekin, IL 61554-5023

$105,000

Estimated value

2,604 sqft 0.61 AC lot

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RESTAURANT

1434 8th St, Pekin, IL 61554-2103

$185,000

Estimated value

816 sqft 0.56 AC lot

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RESTAURANT

2001 Ct St, Pekin, IL 61554-5214

$1,080,000

Estimated value

2,173 sqft 0.46 AC lot

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BAR, TAVERN

437 Ct St, Pekin, IL 61554-3235

$75,000

Estimated value

2,379 sqft 0.05 AC lot

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DRIVE-THRU RESTAURANT, FAST FOOD

2015 Ct St, Pekin, IL 61554-5214

$245,000

Estimated value

2,132 sqft 1.01 AC lot

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RESTAURANT

2217 Ct St, Pekin, IL 61554-5302

$85,000

Estimated value

4,891 sqft 0.80 AC lot

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RESTAURANT

1920 Ct St, Pekin, IL 61554-5213

$380,000

Estimated value

2,952 sqft 1.62 AC lot

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BAR, TAVERN

303 Margaret St, Pekin, IL 61554-3162

$110,000

Estimated value

1,816 sqft 0.26 AC lot

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RESTAURANT

2901 Ct St, Pekin, IL 61554-6203

$320,000

Estimated value

2,476 sqft 2.20 AC lot

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BAR, TAVERN

513 Ct St, Pekin, IL 61554-3347

$55,000

Estimated value

960 sqft 0.03 AC lot

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RESTAURANT

3540 Ct St, Pekin, IL 61554-6211

$1,450,000

Estimated value

5,396 sqft 1.38 AC lot

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RESTAURANT

363 Ct St, Pekin, IL 61554-3234

$170,000

Estimated value

2,208 sqft 0.05 AC lot

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RESTAURANT

1713 2nd St, Pekin, IL 61554-5409

$105,000

Estimated value

1,628 sqft 0.56 AC lot

View details

Pekin, IL Restaurants Market Trends and Statistics

Explore 65 restaurants for sale in Pekin, IL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 8,100 square feet of properties for sale, with an estimated market value of $1,089,000.

Sale prices for restaurant properties in Pekin, IL start at $299,000, averaging $363,000, and reaching up to $395,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 41K

Population Growth (5Y) -3.0%

Median Household Income $62,484

College Educated 8.7%

High-Yield Neighborhoods for Investment

Identify Pekin submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
61554	$363K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Tazewell County

New Delisted

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Pekin, IL Restaurants for Sale

251 Derby Street, Pekin, IL 61554

353 Court Street, Pekin, IL 61554

2601 S 14th Street, Pekin, IL 61554

219 N Capitol St, Pekin, IL 61554

Opportunities in Nearby Cities

111 West Washington Street, East Peoria, IL 61611

230 Conference Center Drive, East Peoria, IL 61611

301 E MAIN Street, South Pekin, IL 61564

807 W Main St, South Pekin, IL 61564

Potential Development Sites for Consideration

1003-07-13 NORTH Street, Peoria, IL 61604

121 W ASHLAND Street, Morton, IL 61550

150 W COURTLAND Avenue, Morton, IL 61550

1300 WASHINGTON Street, Washington, IL 61571

Off-Market Properties in Pekin, IL

3440 Ct St, Pekin, IL 61554-6235

2800 Ct St, Pekin, IL 61554-6228

613 Derby St, Pekin, IL 61554-5712

219 Capitol St, Pekin, IL 61554-3253

211 8th St, Pekin, IL 61554-3464

200 Derby St, Pekin, IL 61554-5504

3601 Ct St, Pekin, IL 61554-3106

1301 Ct St, Pekin, IL 61554-5023

1434 8th St, Pekin, IL 61554-2103

2001 Ct St, Pekin, IL 61554-5214

437 Ct St, Pekin, IL 61554-3235

2015 Ct St, Pekin, IL 61554-5214

2217 Ct St, Pekin, IL 61554-5302

1920 Ct St, Pekin, IL 61554-5213

303 Margaret St, Pekin, IL 61554-3162

2901 Ct St, Pekin, IL 61554-6203

513 Ct St, Pekin, IL 61554-3347

3540 Ct St, Pekin, IL 61554-6211

363 Ct St, Pekin, IL 61554-3234

1713 2nd St, Pekin, IL 61554-5409

Pekin, IL Restaurants Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

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