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    215 Fayette St Pekin, IL 61554

    For Sale
    $1,399,000

    Pekin, IL: Leased storage units and industrial building for sale.

    Property size:
    31,556 SF
    Lot size:
    0.28 Acres

    Property Features for 215 Fayette St

    General Information

    Size
    31,556 SF
    Lot size
    0.28 Acres

    Source: Maloof Commercial Agent Jason Miller

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

    Overview

    Storage and Industrial Investment Opportunity

    This offering includes two properties: a storage unit facility at 215 Fayette Street and an industrial building at 309 Mechanic Street. The storage unit facility comprises 12,152 square feet and features an indoor loading dock. It contains a total of 80 units, with 49 units currently leased. The unit mix includes (14) 5' x 5' units, (13) 5' x 10' units, (25) 10' x 10' units, and (28) 10' x 15' units. The industrial building at 309 Mechanic Street is a 19,404 square foot building that is fully leased by a long-term tenant. The building includes 1,260 square feet of office space with the remaining area used as warehouse space. The property is currently in year 2 of a 4-year lease term.
    Insight Report Location Intelligence

    Current Use by Public Records

    Lock-Tite Storage Storage Facility

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pekin
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.6534364
    Latitude
    40.5669021

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    FAQs

    What type of property is this?
    Self storage facility - Pekin, IL: Leased storage units and industrial building for sale.
    Where is this self storage facility located?
    The property is located at 215 Fayette St Pekin, IL.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: - Fully leased industrial building (19,404 sq. ft.) providing immediate income.; - Storage unit facility with 80 units, offering diverse sizes and income potential.; - Significant storage unit occupancy with 49 of 80 units currently leased.
    (309) 693-3000
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    215 Fayette St 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
    215 Fayette St Pekin, IL 61554
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