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The Twisted Spoke Saloon 251 Derby St 2,640 SF of Retail Space Available in Pekin, IL 61554
Highlights
- Ample on-site parking with easy customer access
- Strategic location near Pekin’s retail and residential hubs
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,640 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Position your business for success at 251 Derby Street, a prime hospitality venue available for lease at $3,000 per month plus utilities. This property offers a fully equipped kitchen, spacious bar area, and outdoor patio designed for dining or entertainment. The building’s modern updates and professional-grade sound system make it perfect for live music, private events, or themed dining experiences.
- Fully equipped kitchen and bar
- Outdoor patio space
- Active liquor license
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 2,640 SF | Gross Leasable Area | 2,640 SF |
| Property Type | Retail | Year Built | 1953 |
| Property Subtype | Bar |
| Total Space Available | 2,640 SF |
| Property Type | Retail |
| Property Subtype | Bar |
| Gross Leasable Area | 2,640 SF |
| Year Built | 1953 |
About the Property
Located in Pekin’s commercial district, the site provides excellent visibility and convenient access to major roads, ensuring steady traffic from local residents and visitors. The generous parking area enhances customer convenience, while B-3 zoning allows for diverse business concepts. With an active liquor license in place, operators can hit the ground running without lengthy approval processes. This is an outstanding opportunity for restaurateurs, bar owners, or event space operators to establish a presence in a dynamic market. The property’s adaptable layout and turnkey condition minimize startup costs, enabling you to focus on creating memorable experiences for your patrons.
Nearby Major Retailers
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The Twisted Spoke Saloon | 251 Derby St
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