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    3440 Court St Pekin, IL 61554

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    For Sale
    $2,736,360

    New 2025 Chipotle redevelopment with 15-year net lease.

    Property size:
    3,500 SF
    Lot size:
    1.00 Acres

    Property Features for 3440 Court St

    General Information

    Size
    3,500 SF
    Lot size
    1.00 Acres

    Source: Northmarq | Chicago (East Wacker Dr) Agent Isaiah Harf

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

    Overview

    New Chipotle Redevelopment For Sale

    This property features a brand new 2025 redevelopment with a Chipotlane and patio. It is offered with a 15-year net lease that includes a roof warranty. Rental escalations are scheduled every five years throughout the primary term and option periods of the lease. This location will be the first Chipotle to open in Pekin, IL. The property is fee-simple ownership, not a ground lease, allowing for potential bonus depreciation. It benefits from proximity to major regional employers, including Caterpillar, Inc. and OSF Healthcare. The property offers excellent access and visibility within a growing retail corridor, near Ross, Marshalls, and Five Below. The location benefits from strong regional fundamentals within the Peoria MSA, with a Walmart Supercenter nearby that ranks as a top 20% store nationally. The building size is 3,500 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bob Evans Family Restaurant

    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
    -89.5995276
    Latitude
    40.5435226

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    FAQs

    What type of property is this?
    Drive through restaurant - New 2025 Chipotle redevelopment with 15-year net lease.
    Where is this drive through restaurant located?
    The property is located at 3440 Court St Pekin, IL.
    What is the asking price?
    The asking price for this property is $2,736,360.
    What are key features of this property?
    This property features: - Brand new 2025 redevelopment featuring Chipotlane & Patio with a 15-year net lease and roof warranty.; - Fee-simple ownership, allowing for 100% bonus depreciation in year one.; - Rental escalations every five years in the primary term and option periods.
    (312) 240-0127
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    3440 Court 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
    3440 Court St Pekin, IL 61554
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