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Two-Unit Office Building
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530 Margaret Street, Pekin, IL 61554

Downtown office property with separate suites, kitchenettes, restroom facilities, and entrances serving both Margaret and 6th Streets.

Space Size832 SF - 1,920 SF
Property Size2,752 SF
Days on Market1207

Property Features for 530 Margaret Street

General Information

Standard status Active
Size 832 SF - 1,920 SF
Net Rentable 832 SF
Zoning B-2
Lease Type Net

Space & Availability

Available Space 832-1,920 SF
Space Use Office

Taxes and HOA fees

Annual Taxes $3,997

Building Details

Building Size 2,752 SF
Year Built 1950
Buildings 1
Listing Agency: RE/MAX Traders Unlimited
Listed By: Mary Ann Ladendorf · License #475099545
Source: Shawneehillsrealestate
Added: May 2, 2023 Changed: Aug 14 Last Checked: Aug 20 at 2:11PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Traders Unlimited

Investment Insights

Based on property information with market context.

This two-unit office property contains 2,752 square feet within a 1950 building. Unit A measures 832 square feet and includes office space, a kitchenette, half bath, and on-demand water heater. Unit B provides 1,920 square feet, five offices, two half baths, a kitchenette, and access from both Margaret Street and 6th Street.

The property is located in downtown Pekin and carries B-2 zoning. Building updates include a furnace/CA system from 2016 and a roof approximately 10 years old. The office configuration, separate entrances, and existing support areas provide a practical setup for multiple occupants.

Key Highlights

  • 2,752 SF office property in a two‑unit configuration
  • Unit A includes 832 SF, office space, kitchenette, half bath, and on‑demand water heater
  • Unit B offers 1,920 SF with 5 offices, 2 half baths, and a kitchenette

Property Analytics

Current Use

Carry Smart Association Or Organization Medical Cannabis Outreach Medical Clinic The CBD Store Specialty Food Shop

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Daycare Center Spa & Massage Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

722
Businesses Nearby

Demographics for 61554, IL

40,854
Population
18,788
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
90%
High-School Grad
73.8 sq mi
ZIP Area
554
Density / Sq Mi
$62,484
Median Household Income
$41,718
Median Earnings
$814
Median Rent
$123,500
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Downtown office property with separate suites, kitchenettes, restroom facilities, and entrances serving both Margaret and 6th Streets.
Where is this office units located?
The property is located at 530 Margaret Street Pekin, IL.
What are key features of this property?
This property features: 2,752 SF office property in a two‑unit configuration; Unit A includes 832 SF, office space, kitchenette, half bath, and on‑demand water heater; Unit B offers 1,920 SF with 5 offices, 2 half baths, and a kitchenette
More about this property
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