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Updated Mixed-Use Building
For Sale
$135,000

515 Elizabeth Street, Pekin, IL 61554

Two-level commercial property with renovated building systems and a residential-style upper-level layout.

Property Size2,852 SF
Price / SF$47.34
Days on Market151

Property Features for 515 Elizabeth Street

General Information

Standard status Active
Size 2,852 SF
Property subtype Commercial
Zoning Commerical

Building Details

Building Size 2,852 SF
Listing Agency: Kaebel, REALTORÂ
Listed By: Kibbie Christenberry · License #475131460
Source: Shawneehillsrealestate
Added: Mar 23 Changed: Aug 20 Last Checked: Aug 20 at 7:59AM

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 Kaebel, REALTORÂ

Investment Insights

Based on property information with market context.

This 2,852-square-foot mixed-use property includes updated roof shingles, two furnaces, two central air units, two full bathrooms, a kitchen, and newer flooring. The improvements provide a combination of commercial and residential-style spaces within the building.

The upper level previously served as a rental residence and contains two bedrooms, a kitchen, sunroom, living room, and bathroom. The property is located in downtown Pekin across from the post office, with commercial zoning supporting its mixed-use classification.

Key Highlights

  • 2,852‑square‑foot mixed‑use property
  • Downtown location across from the post office
  • Updated roof shingles, flooring, kitchen, and two full bathrooms

Property Analytics

Current Use

Pekin Outreach Initiative Social Service Agency

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.

Location Intelligence

Trade Area within ½ mile

722
Businesses Nearby
97k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 41% Shops & Services 37% Groceries 21% Electronics 1%
McDonald's Dining
26,705 visits/mo 0.5 miles
Schnucks Groceries
20,437 visits/mo 0.4 miles
Circle K Shops & Services
18,940 visits/mo 0.3 miles
Hardee's Dining
12,901 visits/mo 0.2 miles
Dollar General Shops & Services
9,269 visits/mo 0.3 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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level commercial property with renovated building systems and a residential-style upper-level layout.
Where is this mixed-use property located?
The property is located at 515 Elizabeth Street Pekin, IL.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 2,852‑square‑foot mixed‑use property; Downtown location across from the post office; Updated roof shingles, flooring, kitchen, and two full bathrooms
More about this property
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