Updated Multi-Tenant Office
For Sale
$2,000,000
111 N 6th Street, Pekin, IL 61554
Three current tenants occupy recently updated interior areas, supported by substantial recent building-system upgrades.
Property Size53,900 SF
Price / SF$37.11
Days on Market187
Property Features for 111 N 6th Street
General Information
Standard status
Active
Size
53,900 SF
Elevators
Yes
Property subtype
Commercial
Zoning
OFFIC
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$21,502
Building Details
Building Size
53,900 SF
Year Built
1977
Buildings
1
Stories
3
Units
1
Tenancy
Multi
Abandoned
No
Listing Agency:
BHHS Central Illinois, REALTORS
(309) 242-4443
Listed By:
Sherye Przybyla · License #475142677
Source:
Gia-sells
Added: Feb 24
Changed: Aug 29
Last Checked: Aug 24 at 5:38AM
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 BHHS Central Illinois, REALTORS
Investment Insights
Based on property information with market context.
This 53,900-square-foot office building was constructed in 1977 and is occupied by three tenants. Interior areas have been recently updated, while major building systems have received significant improvements. Two elevators were modernized in 2022, and electrical upgrades include newer 2022 3,000 AMP switch gear, newer breakers for existing feeders, five newer transformers installed in 2022, and 13 replacement sub panels throughout the building. Several HVAC units have also been updated.
The roof received a TPO layover in 2021 with a 20-year Mulehide Total System Warranty. Fire and life-safety features include 17 fire extinguishers, a Simplex 4007ES fire alarm monitored through Johnson Controls Inc., and a 6-inch wet sprinkler system installed in 2022. Located at 111 N 6th St in downtown Pekin, the property places occupants near local businesses, services, and municipal amenities.
The roof received a TPO layover in 2021 with a 20-year Mulehide Total System Warranty. Fire and life-safety features include 17 fire extinguishers, a Simplex 4007ES fire alarm monitored through Johnson Controls Inc., and a 6-inch wet sprinkler system installed in 2022. Located at 111 N 6th St in downtown Pekin, the property places occupants near local businesses, services, and municipal amenities.
Key Highlights
- 53,900‑square‑foot office building constructed in 1977 and occupied by 3 tenants
- Two elevators updated in 2022
- Newer 2022 3,000 AMP switch gear, newer breakers, 5 transformers, and 13 replacement sub panels
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three current tenants occupy recently updated interior areas, supported by substantial recent building-system upgrades.
Where is this office building located?
The property is located at 111 N 6th Street Pekin, IL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 53,900‑square‑foot office building constructed in 1977 and occupied by 3 tenants; Two elevators updated in 2022; Newer 2022 3,000 AMP switch gear, newer breakers, 5 transformers, and 13 replacement sub panels
