Mexican Restaurant for Sale in Pekin, IL
$175,000
1440 N. 8th Street Pekin, IL 61554
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About this listing
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.
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.
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NOI
$845
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Building Size
4,208 sqft
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Lot Area
0.53 acres
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Year Built
1948
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Zoning
B-3
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MLS ID
11992823
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Parking Spots
36
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Year Last Renovated
2016
DESCRIPTION
- • Lot Dimension: 164x140
- • Tax Roll Number: 04-04-35-115-001 & 04-04-35-115-023
- • Annual Tax: $ 6330.0
- • Cash Flow: 30869.0
- • Gross Income: $ 291872.0
- • Max Contiguous Area: 4208.0
- • Age: Over 50 Years Old
- • Appliances: Refrigerator
- • Area Amenities: Outdoor Activities
- • Cooling: Central A/C
- • Exterior Living Space: Patio
- • General: Smoke Detector
- • Kitchen Features: Kitchen Facilities
- • Lot Description: Corner
- • Lot Size: 1/2 - 1 Acre
- • Other: Water Softener - Own
- • Road Type: State Road
- • Sewer: City
- • Water: Municipal Water
Leah Erickson
NAR
License #: 475.204597
Coldwell Banker Commercial Real Estate Group
Yorkville, IL US
