631 Main StPeoria, IL 61606

This exceptional 1,840-square-foot mixed-use building at 631 W Main Street in Peoria, Illinois, presents a unique investment opportunity. Ideally situated between Bradley University and the heart of downtown Peoria, this property boasts a rich history as a popular bar and entertainment venue, previously operating as Pitch Karaoke Bar and The Elbo Room. Currently vacant, the building offers a blank canvas for a new owner or tenant to create their dream business. The property features a single story, one unit, and is zoned WM Comm. Recent improvements include new flooring, plumbing, and an electrical panel upgrade, along with a new roof installed in 2018. The asking price is $95,000, offering significant potential for return on investment. Alternatively, the property is available for lease at $900 per month plus utilities, providing a flexible option for prospective tenants. This versatile space is perfect for a variety of uses, including a bar, restaurant, or storefront retail operation. Its prime location and recent renovations make it an attractive proposition for entrepreneurs seeking a well-established space in a thriving urban area. The property's history and location provide a strong foundation for a successful business venture. Don't miss this chance to acquire a piece of Peoria's vibrant commercial landscape.