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    1805 Riverway Dr Pekin, IL 61554

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    For Sale
    $2,999,000

    Renovated office and warehouse space with modern amenities.

    Property size:
    40,558 SF
    Lot size:
    3.77 Acres

    Property Features for 1805 Riverway Dr

    General Information

    Size
    40,558 SF
    Lot size
    3.77 Acres

    Source: The Real Estate Group, Inc. Agent Cody Huson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Mixed-Use Building For Sale

    This mixed-use building is suitable for businesses requiring both administrative and logistical operations. The property features updated office and warehouse spaces, with ceiling heights ranging from 15 to 18 feet. The front of the building includes a renovated modern office space with an updated lobby, multiple private offices, a kitchen/break room, and an open-concept workspace. Large windows provide natural light, and the interior features upgraded flooring, energy-efficient lighting, and high-speed internet capabilities. The rear of the building offers a spacious, climate-controlled warehouse area with high ceilings, roll-up bay doors for loading and unloading, reinforced concrete flooring, ample storage space, and designated shipping and receiving areas. Additional features include ample parking, a security system, generator back-up, and proximity to Interstate 474. Updates include the HVAC system, security system, and parking. The property size is 40,558 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    PAL Health Technologies Medical Equipment Manufacturer AJR Brands Print Shop Xtremity 3D Medical Clinic Adam Quinn Pathologist Dr. Lily Tran Pathologist

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon 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
    -89.6607996
    Latitude
    40.5483557

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    FAQs

    What type of property is this?
    Warehouse - Renovated office and warehouse space with modern amenities.
    Where is this warehouse located?
    The property is located at 1805 Riverway Dr Pekin, IL.
    What is the asking price?
    The asking price for this property is $2,999,000.
    What are key features of this property?
    This property features: - Versatile mixed-use building suitable for businesses needing both office and warehouse space.; - **Renovated, modern office space** with updated lobby, private offices, kitchen/break room, and open workspace.; - **Spacious, climate-controlled warehouse** with 15'-18' ceilings, roll-up bay doors, and reinforced concrete flooring.
    (217) 341-5993
    Request Owner's contact information
    1805 Riverway Dr 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
    1805 Riverway Dr Pekin, IL 61554
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