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Office Units with Attached Garage
New
For Lease
$2,000/Mo Modified Gross

611 Margaret Street, Pekin, IL 61554

The layout supports single-occupant or multi-tenant use, with a fenced courtyard and second-floor residential use potential.

Space SizeContact for details
Property Size4,280 SF
Days on Market2

Property Features for 611 Margaret Street

General Information

Standard status Active
Size 4,280 SF
Total Parking Spaces 17
Property subtype Office
Zoning OS-1
Lease Type Modified Gross

Lease Terms

Lease Rate $2,000 /USD/MO
Monthly Rent $2,000
Month-to-Month Yes
Flexible Term Yes

Additional Details

Space Use Office

Amenities

courtyard
attached garage

Building Details

Building Size 4,280 SF
Year Built 1862
Listing Agency: RE/MAX
Listed By: Jessica Ball · License #475175281
Source: Remaxcommercial
Added: Oct 4 Last Checked: Oct 4 at 2:22PM

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 RE/MAX

Investment Insights

Based on property information with market context.

This 4,280-square-foot office property at 611 Margaret Street in Pekin was built in 1862 and is zoned OS-1. Its layout can accommodate one occupant or multiple tenants. The second floor may be used for residential purposes and formerly contained two apartments.

An attached two-stall garage and parking for up to 17 vehicles serve the property. A privacy fence encloses the courtyard. The roof, gutters, and exterior paint were updated in 2021.

Key Highlights

  • 4,280‑square‑foot office property zoned OS‑1
  • Single‑occupant or multi‑tenant configuration
  • Attached two‑stall garage and parking for up to 17 vehicles

Property Analytics

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Current Use

Jerry B. Witt, ... Alternative Medicine Practice Witt Chiropractic Orthopedic Alternative Medicine Practice

Suggested Use

Top Pick Real Estate Agency Dental Office Daycare Center Electrical Service Skin Care Clinic (Bike/Boat/Book/etc) Store

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

NNN (Triple Net)
Lease Type
$0.84 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

714
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
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Frequently Asked Questions

What type of property is this?
Office units - The layout supports single-occupant or multi-tenant use, with a fenced courtyard and second-floor residential use potential.
Where is this office units located?
The property is located at 611 Margaret Street Pekin, IL.
What is the lease rate?
The lease rate is $2,000/Mo.
What are key features of this property?
This property features: 4,280‑square‑foot office property zoned OS‑1; Single‑occupant or multi‑tenant configuration; Attached two‑stall garage and parking for up to 17 vehicles
More about this property
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