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    201 Shorts Corner Rd Pekin, IN 47165

    Sponsored
    For Sale
    $74,900

    High-traffic corner lot, retail potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 0.41-acre commercial property at 201 W Shorts Corner Road, Pekin, IN, presents a remarkable opportunity for retail development. Boasting highway frontage on three sides of the lot, this location offers unparalleled visibility and accessibility on busy Highway 60. The property's strategic position next to a Casey's General Store and an established restaurant ensures high foot traffic and brand synergy. Currently featuring a two-bedroom, one-bathroom home, all utilities are readily available, simplifying the development process. The existing structure provides immediate utility access and potential for temporary use or repurposing. This prime location is ideal for a diverse range of businesses, including restaurants, banks, grocery stores, car dealerships, pharmacies, or smaller retail establishments. The property's size and location make it suitable for a variety of commercial ventures, capitalizing on the growth of the Pekin community. The property is also conveniently located just 30 minutes from Louisville, offering access to a larger regional market. An adjoining property at 273 S. First St., Pekin, is also available for purchase, presenting the possibility of expanding the development footprint. Both properties can be acquired individually or as a combined package. This is a rare opportunity to secure a highly visible and strategically located commercial property in a thriving area.

    Property Features for 201 Shorts Corner Rd

    General Information

    Property type
    Investment properties
    Lot Size
    17,860 SF

    Building Details

    Year Built
    1945
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Restaurant Law Firm Hair Salon Gym & Fitness Kitchen & Bath Bar & Pub Daycare Center Grocery Store Food Market Barber Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Pekin
    County
    Washington
    State
    Indiana
    Longitude
    -86.0122
    Latitude
    38.4943

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    FAQs

    What type of property is this?
    Investment property - High-traffic corner lot, retail potential.
    Where is this investment property located?
    The property is located at 201 Shorts Corner Rd Pekin, IN.
    What is the asking price?
    The asking price for this property is $74,900.
    (812) 883-9555
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    201 Shorts Corner Rd 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
    201 Shorts Corner Rd Pekin, IN 47165
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