$175,000 SALE
Retail
4,208 SF
1440 N. 8th Street
Pekin, IL 61554 Mexican Restaurant for Sale in Pekin, IL



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, fully functional 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, 4 flat screen TVs, 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! This property spans 2 parcels on .53 acres, is within the Court Street TIF, a Business Development District, and may offer other local incentives.


Property Type Retail
Property Use Use in a Business
Year Built 1948
Renovated Year 2016
Lot Dimensions 164x140
Max Continuous Area 4,208
Zoning B-3
Tax Year 2022
Listing ID QLQB3Q
MLS ID 11992823
Style Hosp. Restaurant
Building Size 4,208 SF
Lot Size 0.53 AC
Taxes $6,330
Area Description

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 the East: Take IL-9 West crossing the Illinois River, turn right onto N 8th Street, property on your right. From the West: Head east on IL-9, left onto N 8th Street, property on your right.

Property Features
Parking Places: 36
Lot Size: 1/2 - 1 Acre
Area Amenities: Boating, Area Fishing, Community Slip, Outdoor Activities
Exterior Living Space: Patio
Appliances: Refrigerator, Double Oven, Microwave, Dishwasher, Range / Oven
Water: Municipal Water
Sewer: City
Road Type: Main Thoroughfare, State Road, City / Town Street
Lot Description: Corner
Kitchen Features: Kitchen Facilities
Cooling: Central A/C
Age: Over 50 Years Old
General: Smoke Detector, Security System
Other: Water Softener - Own
Financials
Gross Income: $291,872
Expenses: $119,718
Cash Flow: $30,869