7-Unit Mixed-Use Office Property

331 S 4TH Street Pekin, IL 61554

Claim this Listing
For Sale
Under Contract
$230,000

COMMERCIAL - Pekin, IL

Added:
Mar 17, 2026
Days on Market:
117
Last Refresh:
Jul 11 at 3:06 pm

Property Features for 331 S 4TH Street

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
Office
Standard status
Active Under Contract
APN
04-10-03-230-029

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
6646

Utilities

Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air

Building Details

Floors in Building
2
Number of units
7
Building materials
Brick, Vinyl Siding, Frame
Roof type
Composition

Listing agent Raul Rodriguez

Listing office eXp Realty 939 W North Avenue #750, Schaumburg, IL

Listing date Mar 17, 2026

MLS# PA1264901

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This vacant 7-unit mixed-use building offers one large commercial office space with two side-by-side entrances, with the potential to divide the space into two separate office suites. The residential component includes four upper-level units, one main level unit, and one basement/garden-level unit. Unit layouts vary, with a mix of one- and two-bedroom configurations plus one basement unit featuring a bedroom and one-and-a-half-bath setup.

The property is centrally located in Pekin and is zoned for office use. City-required repairs include replacement or repair of the exterior rear steps leading to the back unit, as well as flooring repair for a second-floor rear unit due to a slight slope. The bathroom renovation for that unit could be completed concurrently with these repairs.

The building is described as needing cosmetic updates throughout, primarily flooring, paint, and appliances, and showings are available by request through ShowingTime.

Key Highlights

  • 7‑unit mixed‑use building with 1 large commercial office space plus 6 residential units (4 upper‑level, 1 main level, 1 basement/garden‑level).
  • Commercial office has two side‑by‑side entrances, offering potential to divide into two separate office suites.
  • Residential unit mix includes four 2BD units and three 1BD/1BA units, plus one basement unit with 1 bedroom and 1 bath.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Real Estate Agency Dental Office Restaurant Electrical Service Parking Lot & Garage Bakery Daycare Center Cafe & Coffee Shop Skin Care Clinic (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Vacant 7-unit mixed-use building includes a large commercial office space and four upper-level residential units.
Where is this apartment building located?
The property is located at 331 S 4TH Street Pekin, IL.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 7‑unit mixed‑use building with 1 large commercial office space plus 6 residential units (4 upper‑level, 1 main level, 1 basement/garden‑level).; Commercial office has two side‑by‑side entrances, offering potential to divide into two separate office suites.; Residential unit mix includes four 2BD units and three 1BD/1BA units, plus one basement unit with 1 bedroom and 1 bath.
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