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627 E Lake Avenue

Peoria, IL 61614
  • $275,000
  • STATUS: Active
  • ON SITE: 188 Days
  • ID#: PA1245074
UPDATED: 68 min ago
$275,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

This sale includes the land, two buildings and the bar business - Hangover's. All FF&E are included in the sale which includes coolers, equipment, TVs and more. The bar (629 E. Lake) has an active group of clients for both playing gambling machines and for dart leagues. The upper level is currently the bar business and the main level bar is not open. The main level presents more opportunities for bar, restaurant or other businesses. 627 E. Lake is a beauty shop that is currently leased by a long term tenant who is looking to stay.

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© 2024 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Bryson Smith Team | Keller Williams Premier Realty. Data last updated: 2024-03-05T06:45:11.803.
www.brysonsmithteam.com/homes/142895944
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627 E Lake Avenue Peoria, IL 61614

  • Price: $275,000
  • Status: Active
  • On Site: 188 Days
  • Updated: 68 min ago
  • ID#: PA1245074
0
Beds
0
Baths
0
½ Baths
0.3
Acres
Neighborhood:
Paar Area
County:
Peoria
Area:
Paar Area
Property Description
This sale includes the land, two buildings and the bar business - Hangover's. All FF&E are included in the sale which includes coolers, equipment, TVs and more. The bar (629 E. Lake) has an active group of clients for both playing gambling machines and for dart leagues. The upper level is currently the bar business and the main level bar is not open. The main level presents more opportunities for bar, restaurant or other businesses. 627 E. Lake is a beauty shop that is currently leased by a long term tenant who is looking to stay.
Exterior Features

Construction Materials BlockVinyl SidingFrame Outdoor Dining YN Yes Roof Composition

Interior Features

Bar YN Yes Building Area Total 4248 Cooling Central Air Flooring CarpetConcreteOtherTile/Vinyl Handicap Modified Yes Heating Forced AirGas Walk In Cooler YN No Walk In Freezer Yes

Property Features

Agent Owned No Financing Cash OnlyConventional Frontage Type City StreetPaved 2Lane Lease Term Month To Month Lease Type Gross Levels TwoSingle Tenant Net Operating Income -4268 Owner Pays Common Area MaintenanceCommon Area MaintenanceLawncareTrash CollectionWater Possible Use Freestanding BuildingOtherRetailBar/TavernInvestment Security System YN Yes Sewer Public Sewer Tax Annual Amount 4267.9 Tax Incentive1 In City LimitNone Tax Year 2022 Tenant Pays ElectricityGasWater/Sewer Type Commercial Water Source Municipal/City

Listing provided courtesy of Jessica Ball of RE/MAX Traders Unlimited: Pref: 309-863-5045.
© 2024 RMLS Alliance, LLC. All Rights Reserved.


© 2024 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Bryson Smith Team | Keller Williams Premier Realty. Data last updated: 2024-03-05T06:45:11.803.
 
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Bryson Smith Team | Keller Williams Premier Realty
4700 North Prospect Road
Peoria IL, 61616