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    101 N Parkway Dr Pekin, IL 61554

    For Sale
    $494,900

    Commercial - Pekin, IL

    Property size:
    7,653 SF
    Days on Market:
    180
    Last Refresh:
    Dec 13 at 3:06 pm

    Property Features for 101 N Parkway Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B 3
    APN
    04-04-36-326-022
    Size
    7,653 SF

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1971
    Flooring type
    Carpet
    Building materials
    Brick, Frame, Vinyl Siding
    Roof type
    Composition, Metal, Shingle
    Architectural style
    Other

    Karl E. Kaebel Realtor® (309) 347-6677 [email protected]

    Listing agent Kibbie Christenberry (309) 347-6677 License #475131460

    Listing date Jun 17, 2025

    MLS# PA1246366 Listing URL

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Pekin Commercial Building with Apartments

    Located at the corner of Parkway Drive and Broadway in Pekin, this 7653 square foot building is zoned B3 and currently used as a medical office. The main level features a lobby, five exam rooms, a procedure room, two offices, and one bathroom. The finished basement includes a kitchenette, half bathroom, four private offices, a conference area, and storage rooms. The upper level contains two offices and two apartments, each with a kitchen, living room, one bedroom, bathroom, and storage room. The apartments have separate entries with decks to stairs and are currently not rented. The property includes a large parking lot and an entryway carport. Square footage is estimated and not guaranteed to be correct, per Tazewell County Records.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Women Center For Health Nurse Practitioner Roark Michael MD Doctor Dr. Lynn Kepple-Byerly, ... Ophthalmologist The Women's & Family Center ... Family Practice Physician

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Peterson Craig a DVM

    Location Insight

    • Map
    • Local Demand
    City
    Pekin
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.618442
    Latitude
    40.568097

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    FAQs

    What type of property is this?
    Medical office - Large B3 Zoned building with medical office and apartments.
    Where is this medical office located?
    The property is located at 101 N Parkway Dr Pekin, IL.
    What is the asking price?
    The asking price for this property is $494,900.
    What are key features of this property?
    This property features: - High-traffic corner location on Parkway Drive & Broadway with B3 zoning.; - Large building (7653 SQFT) with quality improvements, configured as a medical office.; - Versatile layout with main level offices/exam rooms and finished basement with offices/kitchenette. Two upstairs apartments offer potential rental income.
    (309) 347-6677
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 N Parkway Dr Pekin, IL 61554
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