Multi-Tenant Shopping
3245 Court St, Pekin, IL 61554
For Sale
New
Contact for pricing
Entrances and street frontage connect the center to Court Street and Barney Avenue.
Property Size79,054 SF
Lot Size7.15 Acres
Price / SF$46.10
Days on Market7
Property Features for 3245 Court St
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Site & Location
Anchor Co-Tenants
Road Access
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
Colliers - Rosemont, Illinois
Listed By:
Peter Block · License #471002226
(847) 384-2840
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 2:23PM
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 Colliers - Rosemont, Illinois
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Investment Insights
Based on property information with market context.
This Pekin shopping center contains approximately 79,054 square feet on a 7.15-acre site. Goodwill, Planet Fitness and Dollar General serve as the principal tenants and together occupy 60% of the gross leasable area. The property is 74% leased, with ten available suites totaling 20,260 square feet. One vacant space includes a rear warehouse with dock and overhead doors. Recent site work includes replacement of the parking lot, concrete drainage improvements and a new exterior paint finish.
The center fronts Court Street and Barney Avenue in Pekin’s east-side retail corridor. Nearby retailers include McDonald’s, Runnings and Buffalo Wild Wings, with ALDI, Walmart Supercenter and Menards also in the area. The tenant mix includes optical, financial services, restaurant and dispensary businesses operating under NNN leases. The offering has an 8.00% capitalization rate.
The center fronts Court Street and Barney Avenue in Pekin’s east-side retail corridor. Nearby retailers include McDonald’s, Runnings and Buffalo Wild Wings, with ALDI, Walmart Supercenter and Menards also in the area. The tenant mix includes optical, financial services, restaurant and dispensary businesses operating under NNN leases. The offering has an 8.00% capitalization rate.
Key Highlights
- Approximately 79,054 square feet on 7.15 acres
- 74% leased; Goodwill, Planet Fitness and Dollar General occupy 60% of GLA
- Ten vacant suites totaling 20,260 SF, including a warehouse with dock and overhead doors
Property Analytics
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Current Use
Lease Details
74%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
232k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Dining 31%
Apparel 8%
Groceries 6%
Hobby Lobby
Shops & Services
30,827 visits/mo
0.4 miles
McDonald's
Dining
22,575 visits/mo
0.1 miles
Thorntons
Shops & Services
19,259 visits/mo
0.4 miles
Starbucks
Dining
17,397 visits/mo
0.4 miles
Dollar Tree
Shops & Services
16,906 visits/mo
0.5 miles
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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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- East Court Village — 3500 Court St, Pekin, IL 61554
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Frequently Asked Questions
What type of property is this?
Shopping center - Entrances and street frontage connect the center to Court Street and Barney Avenue.
Where is this shopping center located?
The property is located at 3245 Court St Pekin, IL.
What is the asking price?
The asking price for this property is $3,644,000.
What are key features of this property?
This property features: Approximately 79,054 square feet on 7.15 acres; 74% leased; Goodwill, Planet Fitness and Dollar General occupy 60% of GLA; Ten vacant suites totaling 20,260 SF, including a warehouse with dock and overhead doors
