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Medical Office Building with Basement
For Sale
$380,000

111 N 4th Street, Pekin, IL 61554

Downtown property configured for clinical or general office use with exam rooms, reception, storage, and additional work areas.

Property SizeContact for details
Days on Market32

Property Features for 111 N 4th Street

General Information

Standard status Active
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $6,637

Building Details

Year Built 1966
Buildings 1
Listing Agency: Keller Williams Premier Realty
Listed By: Maxwell Schneider (maxschneider@kw.com)
Source: Curveyrealestate
Added: Aug 26 Changed: Sep 11 Last Checked: Sep 26 at 6:27AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Premier Realty

Investment Insights

Based on property information with market context.

This 1966 medical office property at 111 N. 4th Street includes several exam rooms, a reception area, storage, and office space. The main level contains over 2,400 finished square feet, while the full basement provides additional area with studs and new electrical already in place for future completion.

The building is situated in downtown Pekin’s business district within the Court St. TIF district, near shops, restaurants, and government offices. Downtown Peoria is approximately 15 minutes away. On-site parking is available for business operations.

Key Highlights

  • Over 2,400 finished square feet on the main floor
  • Full basement with studs and new electrical installed
  • Several exam rooms plus reception, storage, and office areas

Property Analytics

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Current Use

Jeffrey R. Henline, ... Physician Dr. Raymond R. ... Ophthalmologist Raymond Rs Heyde Ophthalmologist

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Spa & Massage Center Auto Parts Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

714
Businesses Nearby
Balanced
Demand for This Use

Demographics for 61554, IL

40,854
Population
18,788
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
90%
High-School Grad
73.8 sq mi
ZIP Area
554
Density / Sq Mi
$62,484
Median Household Income
$41,718
Median Earnings
$814
Median Rent
$123,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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  • Chesher Nicole L DVM — 221 Margaret St # 3, Pekin, IL 61554, United States
  • Carl Johnson, D.V.M. — 221 Margaret St, Pekin, IL 61554

Frequently Asked Questions

What type of property is this?
Medical Office Space - Downtown property configured for clinical or general office use with exam rooms, reception, storage, and additional work areas.
Where is this medical office space located?
The property is located at 111 N 4th Street Pekin, IL.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Over 2,400 finished square feet on the main floor; Full basement with studs and new electrical installed; Several exam rooms plus reception, storage, and office areas
More about this property
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