Pekin Corner Lot
910 DERBY Street Pekin, IL 61554
910 DERBY Street, Pekin, IL, 61554
$199,000
For Sale
$199,000
COMMERCIAL - Pekin, IL
Property Size926 SF
Price / SF$214.90
Days on Market300
Property Features for 910 DERBY Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B-3
- Standard status
- Active
- APN
- 04-10-02-327-013
- Size
- 926 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- SEC 2 T24N R5W PEKIN GARDENS ADDN LOTS 23 & 24 BLK 20 SW 1/4
- Tax Annual Amount
- 2752
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Central Air
Building Details
- Floors in Building
- 2
- Flooring type
- Carpet, Concrete
- Building materials
- Vinyl Siding, Frame
Listing agency
Kaebel, REALTOR(R)
(309) 347-6677
Listed by
Kibbie Christenberry · License #475131460
(309) 267-0093
Added: Sep 26, 2025 Updated: May 26 at 7:30AM Checked: Jul 22 at 7:06AM
MLS# PA1261207
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.
Investment Insights
Based on property information with market context.
This mixed-use property, located on a corner lot in Pekin, Illinois, is zoned B-3. The main floor features a large, open space. The upper level, comprising 926 square feet, includes two bedrooms, a living room, a dining room, a kitchen, and a bathroom. It is currently rented for $700 per month and has been updated with fresh paint and newer flooring. The back area, an open space with a half bath, is rented for $400 per month. A parking lot provides 10 or more spaces with the potential for expansion. Square footage and room sizes are estimated and not guaranteed to be correct, per Tazewell County records. Opportunities abound with great corner lot visibility.
Key Highlights
- Zoned B‑3: Offers diverse business opportunities.
- Great corner lot visibility.
- Income potential: Upper level and back area currently rented for a combined $1100/month.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.9k | $15.00 |
| − Vacancy | −$1.4k | −$1.50 |
| EGI | $12.5k | $13.50 |
| − OpEx | −$3.8k | −$4.05 |
| NOI | $8.8k | $9.45 |
926 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$125.0K
$109.4K – $145.9K
NOI $8,751 @ 7.0% cap · market cap 4.40%
Second Best
Mixed Use
$87.3K
$76.4K – $101.9K
NOI $6,112 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$362.4K
$317.1K – $422.8K
NOI $25,365 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with B-3 zoning and rental income.
Where is this mixed-use property located?
The property is located at 910 DERBY Street Pekin, IL.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Zoned B‑3: Offers diverse business opportunities.; **Great corner lot visibility.**; Income potential: Upper level and back area currently rented for a combined $1100/month.
