Search
Office Building with Heated Garage
For Sale
$385,900

531 Court Street Pekin, Pekin, IL 61554

Heated garage/warehouse storage with a 10' door plus finished office space with private offices and multiple bathrooms.

Property Size9,500 SF
Price / SF$40.62
Days on Market56

Property Features for 531 Court Street Pekin

General Information

Standard status Active
Size 9,500 SF
Zoning B2

Additional Details

Drive-In Doors 1
Office Units 12

Taxes and HOA fees

Annual Taxes $12,897

Building Details

Building Size 9,500 SF
Year Built 1977
Buildings 1
Listed By: Mary Ann Ladendorf
Source: Realestatepeoria
Added: Jul 14 Changed: Aug 31 Last Checked: Sep 7 at 4:31AM

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 Mary Ann Ladendorf

Investment Insights

Based on property information with market context.

This well-maintained commercial office building includes heated garage/warehouse storage space with a 10' door and 5,500 square feet of finished office area. The office space is currently arranged with 12 private offices, three bathrooms, and a kitchenette/employee break room, providing a functional mix of work space and support areas.

Additional site and building features include two gas water heaters and two gas heaters. The roof is described as a rubber roof installed approximately 10 years ago.

The finished office layout can be reconfigured, with the property description noting that nothing is believed to be load bearing. The building is offered for sale as part of a commercial office campus in Pekin’s historic downtown area.

Key Highlights

  • 1977‑built commercial office building in Pekin’s historic downtown campus
  • Includes 4,000 SF heated garage/warehouse storage with a 10' door
  • Features 5,500 SF finished office space with 12 private offices

Property Analytics

Current Use

Deverman Advertising Marketing & Advertising Photography By Deverman Photography Service

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.

Lease Details

1
Drive-in doors
12
Office units

Location Intelligence

Trade Area within ½ mile

722
Businesses Nearby
Under-served
Demand for This Use

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Flex space - Heated garage/warehouse storage with a 10' door plus finished office space with private offices and multiple bathrooms.
Where is this flex space located?
The property is located at 531 Court Street Pekin Pekin, IL.
What is the asking price?
The asking price for this property is $385,900.
What are key features of this property?
This property features: 1977‑built commercial office building in Pekin’s historic downtown campus; Includes 4,000 SF heated garage/warehouse storage with a 10' door; Features 5,500 SF finished office space with 12 private offices
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message