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Single-Story Flexible Office Building
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523 CAROLINE Street, Pekin, IL 61554

Single-story corner building with multiple access points, ample parking, and multi-zone climate control for possible unit demising.

Property SizeContact for details
Days on Market204

Property Features for 523 CAROLINE Street

General Information

Standard status Active
Property subtype Industrial, Office, Retail
Zoning Commercial

Building Details

Year Built 1959
Buildings 1
Stories 1
Listing Agency: Jim Maloof/Realtor Peoria
Listed By: Amber Neal · License #475178998
Source: Crexi
Added: Feb 13 Changed: Aug 8 Last Checked: Jul 23 at 8:23AM

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 Jim Maloof/Realtor Peoria

Investment Insights

Based on property information with market context.

This single-story corner commercial building offers a flexible floorplan and multiple access points. Multi-zone climate control supports the possibility of demising into multiple units, making the space adaptable for a variety of office and service uses.

The property is described as having ample parking and is positioned in a neighborhood setting suitable for meeting space, medical office use, daycare, or adult day care. The current offering is the first time the property has been listed, and the seller indicates the company is not closing, but consolidating locations.

Overall, the configuration supports multiple-use scenarios through its street-level access and climate control zoning, providing a practical option for tenants or owners seeking an adaptable single-story layout.

Key Highlights

  • Single‑story commercial building built in 1959 at a corner location
  • Multiple access points plus ample parking
  • Multi‑zone climate control, making demising into multiple units possible

Property Analytics

Current Use

Flores Music (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Dental Office Electrical Service Daycare Center Grocery & Convenience Store 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

719
Businesses Nearby

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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Single-story corner building with multiple access points, ample parking, and multi-zone climate control for possible unit demising.
Where is this office units located?
The property is located at 523 CAROLINE Street Pekin, IL.
What is the asking price?
The asking price for this property is $69,000.
What are key features of this property?
This property features: Single‑story commercial building built in 1959 at a corner location; Multiple access points plus ample parking; Multi‑zone climate control, making demising into multiple units possible
(309) 696-9310 Call to check price and availability
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