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Property profile & analytics

1925 Mayflower Dr Pekin, IL 61554-9205

  • Commercial real estate
  • 1.50 lot acres
OFF-MARKET
Last Sale
Feb 02, 2023
$325,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-1615881
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 1925 Mayflower Dr

Year built
2000
Lot size
1.50 lot acres
Property type
Commercial real estate
APN
11-11-16-100-039
APU
111116100039

Description

This exceptional investment opportunity presents a modern, well-maintained commercial building situated on approximately 1.5 acres in Pekin, Illinois. The 6,000 square foot structure boasts four individual commercial spaces, each measuring 25 x 60 feet within a larger 60 x 100 steel building. These spaces feature 14-foot overhead doors and impressive 16-foot clear ceiling heights, providing ample room for various commercial uses. Concrete floors and floor drains in each unit add to the functionality. Built in 2000, the building has undergone recent upgrades, including updated LED and high-bay UFO lighting, a new water heater, enhanced security with security cameras and exterior wall packs, and updated bathrooms. Two of the units offer contemporary bathrooms, loft spaces, and finished office areas, enhancing their appeal and versatility. Three of the four spaces benefit from heating systems. The property also includes ample parking and permitted space for outdoor rental, adding to its income potential. A gated lot provides enhanced security for tenants and assets. Strategically located with excellent visibility on Route 9 between Pekin and Tremont, this property offers easy access to major transportation routes and strong signage opportunities. Currently, all spaces are occupied by tenants who express a desire to remain, ensuring a steady income stream. This property presents a rare opportunity for a diverse range of commercial uses and strong return on investment.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Pekin
County
Tazewell
State
Illinois
Longitude
-89.5606
Latitude
40.5379
CBSA code
37900
CBSA name
PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,707
$40,310
$26,510
$66,820
-
$120,930
$79,530
$200,460
More about this property
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