1440 N 8th Street Pekin, IL $ 175,000
1440 N 8th Street
$ 175,000
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1440 N 8th Street

Pekin, IL, 61554
$ 175,000
Baths0.0 Sq 4,208

Monthly Estimate*

$ 1,222

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Studio

Commercial Property for sale in Pekin, IL

for $175,000. This 4,208 square foot building was built on a lot size of 0.526928.

This key property on busy IL29 sees 15,600 VPD! Be the next owner of this perfectly sized income producing restaurant! The main dining area is 34x38' with additional dining areas of 27x15 with large windows to enjoy the views outside while they dine. The bar is 25' long, bar equipment and very inviting to your diners! The property comes with (16) 4-person booths, (12) 4-person tables, (43) dining chairs, (2) high-top tables with (20) bar stools, high chairs, full bar setup, a large service counter perfect for to-go and online order prep, fully equipped kitchen with an oven, fryer, warmer, and flat top grill, free-standing coolers, walk-in cooler, multi-compartment sinks in the kitchen and bar, dishwasher, and more! There is an apartment on the 2nd floor area that is available to lease for $750/month. This property spans 2 parcels on .53 acres, is within the Court Street TIF, a Business Development District, and may offer other local incentives. The property is being sold AS-IS with all equipment, furniture, and fixtures.

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Commercial Active

Price

$ 175,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 6,330

Style

Restaurant

Lot Size

0.526928

Town/City

Pekin

County/Region

Tazewell

MLS | Web ID

11992823

Features
General
Cooling Central Air
Utilities Electric to Site Gas to Site Sanitary Sewer
Possession Closing
Zoning COMMR
Stories 2
Tax Year 2022
Current Use Commercial
Business Type Restaurant
Business Name GOOD TEQUILAS PEKIN
County Tazewell
Operating Expense 119718
Property Type Business Opportunity Bus / Bus w/Real Est
Possible Use Commercial Recreational Retail
Status Active
Directions From the North: I-155 South to IL-9 East left onto N 8th Street property on your right. From the South: Head north on IL-29 left onto Derby Street right onto N 8th Street property on your left. From
City Pekin
MLS Area Pekin
Lot Size Square Feet 22953
Waterfront Y/N N
Street Name 8th
Tax Annual Amount 6330
Additional Parcels Y/N Y
Days on Market 11
Lease Type N/A
Standard Status Active
Ownership Type Corporation
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Exterior
Building Area Total 4208
Lot Dimensions 164X140
Frontage Type City Street Public Road State Road
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Interior
Street Suffix Street
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* Excluded Features
List By
Coldwell Banker Commercial Real Estate Group

Broker

erxnservices@gmail.com;lerickson@cbcregroup.com

Email

Affordability Calculator

$1,750
Per Month
70%
30%
0%
Monthly Principal & Interest
$1,222
Monthly Property Taxes
$528
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/19/2024$175,000 Listed Price

Map


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1440 N 8th Street, Pekin, IL, 61554 is a Commercial Property for sale at $175,000 with 4,208 sqft and a lot size of 0.526928. 1440 N 8th Street is a studio with 0.0 baths. The property's zip code is 61554 which is in Pekin, IL