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    273 1St St Pekin, IN 47165

    For Sale
    $49,900

    High-traffic location, retail opportunity.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial property, situated at 273 S First Street, Pekin, Indiana, presents a remarkable investment opportunity. Boasting a prime corner location just off the bustling Highway 60, this 0.24-acre lot offers significant road frontage on two sides, maximizing visibility and accessibility. Its strategic placement next to a Casey's General Store and an established restaurant ensures high foot traffic and a built-in customer base. The property's versatility allows for a wide range of commercial uses, including but not limited to restaurants, banks, car dealerships, grocery stores, or smaller retail businesses. A significant advantage is the existing four-bedroom, two-bathroom home on the site, which means all necessary utilities are already in place, reducing initial setup costs and offering potential for immediate income generation or employee housing. This property is ideally suited for an investor seeking a strong return in a growing community, conveniently located only 30 minutes from Louisville. Consider purchasing this lot in conjunction with the adjacent property at 201 W. Shorts Corner Rd. for an even more expansive and impactful commercial presence. This is a rare opportunity to secure a highly visible and well-positioned commercial property in a thriving area.

    Property Features for 273 1St St

    General Information

    Property type
    Investment properties
    Lot Size
    10,454 SF

    Building Details

    Year Built
    1914
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    New Pekin Repo Electronics Store

    Suggested Use

    Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Gym & Fitness Kitchen & Bath Bar & Pub Daycare Center Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pekin
    County
    Washington
    State
    Indiana
    Longitude
    -86.01708
    Latitude
    38.50459

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    FAQs

    What type of property is this?
    Investment property - High-traffic location, retail opportunity.
    Where is this investment property located?
    The property is located at 273 1St St Pekin, IN.
    What is the asking price?
    The asking price for this property is $49,900.
    (812) 883-9555
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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
    273 1St St Pekin, IN 47165
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