1003 Derby St Pekin, IL 61554
Neighborhood retail center with national tenants and lease upside.
Lot size:
0.27 AcresProperty Features for 1003 Derby St
General Information
- Lot size
- 0.27 Acres
Source:
Moodyscre
Listing Agent: Gus Martinez
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Retail Center with Income Potential
The Derby Shopping Center, located at 1001-1105 Derby Street in Pekin, Illinois, is a neighborhood retail center with income-producing potential. The property is currently 39% occupied by tenants including a convenience store operator, a public charity, a food retailer, and Family Dollar. This provides stable cash flow with the potential to increase revenue by leasing the remaining vacant units. The property is located on a 3.12-acre lot at the corner of Derby and S 10th Street. Originally developed in 1966, the shopping center comprises a total of 43,835 square feet. The site benefits from pylon signage, three access points, and 129 parking stalls. More than 6,700 vehicles pass by the property each day. The property is located approximately 1 mile from the Court Street commercial corridor and is near UnityPoint Health Pekin Hospital. Several golf courses are also nearby, including Sunset Hills Golf Course, Parkview Golf Course, Lick Creek Golf Course, and Pekin Country Club. The property is reachable from Highways 9 and 29 in under 5 minutes and Interstate 74, 474, and 155 in roughly 10 to 15 minutes. There are six vacant units, including a 16,863-square-foot anchor space.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Shopping malls
Location Insight
- Map
- Local Demand
- City
- Pekin
- County
- Tazewell
- State
- Illinois
- Longitude
- -89.6379181
- Latitude
- 40.556914
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Neighborhood retail center with national tenants and lease upside.
Where is this shopping center located?
The property is located at 1003 Derby St Pekin, IL.
What is the asking price?
The asking price for this property is $1,685,000.
What are key features of this property?
This property features: - Significant lease upside potential with 6 vacant units, including a large anchor space.; - Existing cash flow from a mix of regional and national tenants, including Family Dollar, providing immediate income.; - Excellent accessibility and visibility with a hard-corner location, three access points, and prominent pylon signage.