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    329 Court St Pekin, IL 61554

    Sponsored
    For Sale
    $450,000

    Updated Office Space, Ample Rooms, Excellent Location

    Property size:
    7,200 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This 7,200 square foot commercial building located at 329 Court Street in Pekin, Illinois, presents a fantastic investment opportunity. Priced at $450,000, the property boasts numerous recent updates and renovations, making it ideal for a variety of office uses. The main floor offers several private offices, perfect for individual employees or departments, along with a dedicated conference or meeting room. A highlight is the executive suite, complete with its own private bathroom, providing a prestigious workspace for senior management. The lower level provides additional versatility. It includes a convenient break room equipped with a kitchenette, ensuring employee comfort and convenience. Further office and conference space on this level expands the building's capacity for meetings and collaborative work. A large storage room in the basement offers ample space for archiving documents, supplies, or equipment. The property sits on a lot with no acreage specified, making it a manageable and efficient space. This building is ready for immediate occupancy and offers a blend of modern amenities and functional design. Its central location in Pekin provides easy access to local amenities and transportation routes. This is a turnkey solution for businesses seeking a well-maintained and updated office space.

    Property Features for 329 Court St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,200 SF

    Building Details

    Year Built
    1970
    Property Profile Location Intelligence

    Current Use by Public Records

    Liberation Software Software Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pekin
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.64845
    Latitude
    40.57015

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    FAQs

    What type of property is this?
    Commercial real estate - Updated Office Space, Ample Rooms, Excellent Location
    Where is this commercial real estate located?
    The property is located at 329 Court St Pekin, IL.
    What is the asking price?
    The asking price for this property is $450,000.
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    329 Court 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
    329 Court St Pekin, IL 61554
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