Commercial Land with Theater
1124 Edgewater Drive, North Pekin, IL 61554
For Sale
$990,000
B-1 zoning accommodates a range of commercial uses, and the existing theater structure is winterized.
Property SizeContact for details
Days on Market49
Property Features for 1124 Edgewater Drive
General Information
Standard status
Property subtype
Building Details
Year Built
Listing Agency:
RE/MAX Traders Unlimited
Listed By:
Justin Ball · License IL #475175281
(309) 323-0399
Source:
Davisrealtor
Added: Sep 24
Changed: Nov 7
Last Checked: Nov 10 at 8:21AM
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 RE/MAX Traders Unlimited
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Investment Insights
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This 18.96-acre commercial parcel includes a 44,281-square-foot former movie theater built in 1999. Theater furniture and equipment have been removed, and the building is winterized. The site also has a 209,250-square-foot paved parking area with approximately 692 spaces.
The property fronts IL-98 and is near I-474, providing access to Peoria and Tazewell Counties. B-1 zoning allows a range of business and commercial uses, including retail, hospitality, medical, office, and restaurant uses. Rezoning for other uses, such as storage, warehouse, or automotive-related uses, is identified as a possibility.
The property fronts IL-98 and is near I-474, providing access to Peoria and Tazewell Counties. B-1 zoning allows a range of business and commercial uses, including retail, hospitality, medical, office, and restaurant uses. Rezoning for other uses, such as storage, warehouse, or automotive-related uses, is identified as a possibility.
Key Highlights
- 18.96 acres zoned B‑1
- 44,281‑square‑foot former movie theater, built in 1999
- Theater furniture and equipment removed; building is winterized
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Current Use
Location Intelligence
Trade Area within ½ mile
107
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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
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Market
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Frequently Asked Questions
What type of property is this?
Commercial land - B-1 zoning accommodates a range of commercial uses, and the existing theater structure is winterized.
Where is this commercial land located?
The property is located at 1124 Edgewater Drive North Pekin, IL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 18.96 acres zoned B‑1; 44,281‑square‑foot former movie theater, built in 1999; Theater furniture and equipment removed; building is winterized
