Newly Built Self-Storage
For Sale
Contact for pricing
Pending
211 S Veterans Dr., Pekin, IL 61554
Two-building storage property with 104 units, high occupancy, and a 2024 completion date.
Property SizeContact for details
Days on Market140
Property Features for 211 S Veterans Dr.
General Information
Standard status
Pending
Property subtype
Self Storage
Listing Agency:
RE/MAX Traders Unlimited
(309) 643-9189
Listed By:
Nathan Steinwedel · License #475173115
Source:
Crexi
Added: Apr 13
Changed: Aug 30
Last Checked: Aug 30 at 12:24AM
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 self-storage facility consists of two buildings containing 104 units and was completed in the summer of 2024. The improvements are described as meticulously maintained with no deferred maintenance, providing a recently constructed operating asset. Current rental rates are approximately 7% below market, creating a documented opportunity to adjust rates over time.
The property is located at 211 S. Veterans Dr. in Pekin, Illinois, within the East Residential TIF District. Veterans Drive provides visibility and accessibility, with reported daily traffic exceeding 8,400 vehicles. The facility is also positioned a short distance from the Cullinan Mall redevelopment. The broader parcel totals 11.51 acres, with final sale boundaries for the land associated with the storage units subject to negotiations between the buyer and seller.
The property is located at 211 S. Veterans Dr. in Pekin, Illinois, within the East Residential TIF District. Veterans Drive provides visibility and accessibility, with reported daily traffic exceeding 8,400 vehicles. The facility is also positioned a short distance from the Cullinan Mall redevelopment. The broader parcel totals 11.51 acres, with final sale boundaries for the land associated with the storage units subject to negotiations between the buyer and seller.
Key Highlights
- Two buildings with 104 self‑storage units
- Completed in the summer of 2024
- High occupancy with approximately 7% below‑market rental rates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
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
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Self storage facility - Two-building storage property with 104 units, high occupancy, and a 2024 completion date.
Where is this self storage facility located?
The property is located at 211 S Veterans Dr. Pekin, IL.
What are key features of this property?
This property features: Two buildings with 104 self‑storage units; Completed in the summer of 2024; High occupancy with approximately 7% below‑market rental rates
