Updated Flex Space with
For Sale
$5,900,000
200 Enterprise Dr, Pekin, IL 61554
Combined office, laboratory, and warehouse functionality with climate-controlled storage and loading capabilities.
Property Size29,160 SF
Price / SF$202.33
Days on Market87
Property Features for 200 Enterprise Dr
General Information
Standard status
Active
Size
29,160 SF
Additional Details
Highway Access
Yes
Conditioned Warehouse
Yes
Amenities
upgraded flooring
energy-efficient lighting
high-speed internet capabilities
security system
generator back-up
reverse osmosis
HEPA grade HVAC system
Listing Agency:
Gallery Homes Real Estate
Listed By:
Mary Davis · License #475159029
(309) 453-4334
Source:
Schaublerealty
Added: Jul 20
Changed: Oct 8
Last Checked: Oct 12 at 9:16PM
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 Gallery Homes Real Estate
Investment Insights
Based on property information with market context.
This 29160-square-foot flex property combines administrative, laboratory, and warehouse areas within one updated building. The office portion includes a refreshed lobby, private offices, open workspace, upgraded flooring, energy-efficient lighting, large windows, and high-speed internet capabilities. Laboratory improvements include individual lab areas, a large laboratory, reverse osmosis, HEPA-grade HVAC, and CLEA approval for medical and food-grade use.
The rear warehouse offers high ceilings, roll-up bay doors, reinforced concrete flooring, climate control, mezzanine storage, and designated shipping and receiving areas. Additional property features include ample parking, a security system, substantial electrical service, and generator backup. The building is located near Interstate 474 in Pekin, Illinois.
The rear warehouse offers high ceilings, roll-up bay doors, reinforced concrete flooring, climate control, mezzanine storage, and designated shipping and receiving areas. Additional property features include ample parking, a security system, substantial electrical service, and generator backup. The building is located near Interstate 474 in Pekin, Illinois.
Key Highlights
- 29160 SF updated flex space with office, laboratory, and warehouse areas
- Large laboratory plus individual lab spaces with CLEA approval for medical and food‑grade use
- Climate‑controlled warehouse with high ceilings and roll‑up bay doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$537,674
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,753,480
$10.8M
Cap Rate 7%
$7,681,057
$7.7M
Cap Rate 9%
$5,974,156
$6.0M
Market Conditions
NOI Build-Up for 29,160 SF
Gross rent
$962.3K $33.00/SF
− Vacancy
−$245.4K −$8.42/SF
EGI
$716.9K $24.59/SF
− OpEx
−$179.2K −$6.15/SF
NOI
$537.7K $18.44/SF
Area
Tazewell County, IL
Vacancy
25.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,753,480
Cap Rate 7%
$7,681,057
Cap Rate 9%
$5,974,156
Alternative Uses
Best Use
Office B
$7.68M
$6.72M – $8.96M
NOI $537,674 @ 7.0% cap · market cap 9.11%
Second Best
Warehouse
$3.25M
$2.85M – $3.79M
NOI $227,669 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$11.41M
$9.98M – $13.31M
NOI $798,755 @ 7.0% cap · market cap 13.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Combined office, laboratory, and warehouse functionality with climate-controlled storage and loading capabilities.
Where is this flex space located?
The property is located at 200 Enterprise Dr Pekin, IL.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: 29160 SF updated flex space with office, laboratory, and warehouse areas; Large laboratory plus individual lab spaces with CLEA approval for medical and food‑grade use; Climate‑controlled warehouse with high ceilings and roll‑up bay doors
