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    1003 Derby St Pekin, IL 61554

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    For Sale
    $1,685,000

    Neighborhood retail center with national tenants and lease upside.

    Lot size:
    0.27 Acres

    Property Features for 1003 Derby St

    General Information

    Lot size
    0.27 Acres

    Source: CMV Realty LLC 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

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Pekin
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.6379181
    Latitude
    40.556914

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    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.
    (954) 394-7078
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    1003 Derby St Pekin, IL 61554
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    Pekin, IL 61554
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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
    1003 Derby St Pekin, IL 61554
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