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    320 Derby St Pekin, IL 61554

    Sponsored
    For Sale
    $139,900

    COMMERCIAL - Pekin, IL

    Days on Market:
    1
    Last Refresh:
    Jan 5 at 2:06 pm

    Property Features for 320 Derby St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    04-10-03-417-012

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air

    Building Details

    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Block
    Roof type
    Metal

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

    Listing agent Kibbie L Christenberry

    Listing date Jan 5, 2026

    Copyright © 2026 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

    Freestanding Commercial Building in Pekin

    This is a 3240 sq ft freestanding commercial building featuring an open space layout, a bar, and two remodeled bathrooms. Additional unfinished rooms are present. The property includes a large parking lot. The central air conditioning system is not functional. The property is being sold in "as is" condition. Square footage is based on Tazewell County records and is not guaranteed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Elks Lodge https://www.facebook.com/PekinElks1271 Fraternal Organization

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Pekin
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.649954
    Latitude
    40.55629

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    FAQs

    What type of property is this?
    Storefront property - 3240 sq ft building with open space and parking.
    Where is this storefront property located?
    The property is located at 320 Derby St Pekin, IL.
    What is the asking price?
    The asking price for this property is $139,900.
    What are key features of this property?
    This property features: - Large 3240 sq ft freestanding building offers ample space.; - Great open space and bar area are perfect for entertaining.; - Large parking lot provides convenience for guests.
    (309) 267-0093
    Request Owner's contact information
    320 Derby St Pekin, IL 61554
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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
    320 Derby St Pekin, IL 61554
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