For more information on this property, contact Why Usa Schramm & Associates at 563-332-9110 or whyusaschramm@gmail.com

507 COURT Street
Pekin, Illinois IL 61554
Price: $499,900
Listing ID PA1236301
Status Active
SqFt 4,150
Acres 0.110
Year Built 1940

Property Description:

LOCATED IN THE DOWNTOWN TIF DISTRICT, THIS PHENOMENAL TURN-KEY BAR/RESTAURANT IS A RARE OPPORTUNITY!! ESTABLISHED IN 2017, THIS FACILITY OFFERS THE ULTIMATE IN QUALITY AND AMBIANCE WITH STRONG CLIENTELE. FULLY EQUIPPED KITCHEN, BAR, INDOOR/OUTDOOR DINING W/ 5 GARAGE DOORS! ENDLESS AMENITIES INCLUDE: 30 YEAR RUBBER ROOF, 1000 GAL GREASE INTERCEPTOR, NEW $5,000 ICE MACHINE, FULL FIRE ALARM SYSTEM, FOUR 4 TON HVAC UNITS, $70,000 IN MAPLE WOOD BAR/SHELVING, LOFT W/ DRY STORAGE AND OFFICE, WALK IN COOLER, 4 GAMBLING MACHINES, 8 BIG SCREEN TV'S, 12 TAPPER DRAFT BEER SYSTEM, AND SO MUCH MORE!

Features

Year Built: 1940
County: Tazewell
Property Type: Commercial Sale
Property Sub Type: Commercial
Zoning: Commercial

Interior

Levels: One
Building Features: Other
Available SqFt: 4150
Heating: Gas
Cooling: Central Air
Flooring: Concrete, Tile/Vinyl

External

Construction Materials: Brick, Other
Number Of Buildings: 1
Frontage Type: City Street
Lot Size Dimensions: 50 X 95
Lot Size SqFt: 4750
Sewer: Public Sewer
Electric Company: Ameren
Gas Company: Ameren
Roof: Rolled/Hot Mop
Sprinkler: no

Location

100 Year Flood Plain: Unknown
Directions: COURT AND 5TH
MLS Area Minor: PAAR Area
Gaming Area: yes

Additional

Buyer Agency Compensation: 2.5
Handicap Modified: Yes
Possible Use: Other, Bar/Tavern, Restaurant
Documents Available: Traffic Counts
Number Of Seats: 144
Walk In Cooler: yes
Bar: yes
Input Type: Commercial

Financial

Owner Pays: None
Tenant Pays: NotApplic
Tax Annual Amount: 4747.36
Tax Incentive: TIF District
Tax Year: 2021
Current Financing: Cash Only, Conventional
Net Operating Income: -4747
FFE Included: yes
Lease Type: Other
Lease Term: Not Applicable
Underground Storage Tank: no

Zoning Info


© Copyright 2023 RMLS Alliance. All rights reserved. This information is provided for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance. Real estate listings held by brokerage firms other than WHY USA Schramm and Associates are marked with the RMLS logo and detailed information about them includes the name of the listing brokers.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals.

The RMLS data on this page was last updated on Wednesday, February 8th, 2023.

Listed by: RE/MAX Traders Unlimited Pref: 309-650-1970

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