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    456 State Road 60 Pekin, IN 47165

    Sponsored
    For Sale
    $245,000

    Prime Corner Lot, 3 Lots, Ample Parking

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property presents a unique investment opportunity in the thriving town of Pekin, Indiana. Strategically located at a high-traffic intersection on a sizable 1.54-acre corner lot, this property boasts three individual lots, offering significant flexibility and potential for expansion. The main commercial building is equipped with three-phase electric service, ensuring ample power for a variety of businesses. The building also features forced-air propane heat and central air conditioning, providing comfortable year-round climate control. A substantial metal addition extends from the rear of the main structure, adding valuable extra space. Beyond the building itself, a vacant lot provides ample room for parking, a significant advantage in a high-traffic area. The combination of prime location, substantial lot size, existing building infrastructure, and ample parking makes this property an ideal investment for entrepreneurs and business owners seeking a strong foothold in a busy commercial area. The property's versatility allows for a wide range of potential uses, making it an attractive option for various business ventures. This is a rare opportunity to acquire a well-situated commercial property with significant development potential in a desirable location. Don't miss out on this chance to secure a valuable asset in a growing market.

    Property Features for 456 State Road 60

    General Information

    Property type
    Investment properties
    Lot Size
    67,082 SF

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Hair Salon Nail Salon Gym & Fitness Kitchen & Bath Food Market 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
    -86.01387
    Latitude
    38.50164

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      595 State Road 60, Pekin, IN 47165

      Investment properties • 2.28 Acres
      595 State Road 60, Pekin, IN 47165
      View Details

    FAQs

    What type of property is this?
    Investment property - Prime Corner Lot, 3 Lots, Ample Parking
    Where is this investment property located?
    The property is located at 456 State Road 60 Pekin, IN.
    What is the asking price?
    The asking price for this property is $245,000.
    (812) 883-8200
    Request Owner's contact information
    456 State Road 60 Pekin, IN 47165
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    Pekin, IN 47165
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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
    456 State Road 60 Pekin, IN 47165
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