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Medical Office Building Near Hospital
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725 S 14TH Street, Pekin, IL 61554

High-demand medical office near hospital with dual-use potential.

Property Size6,500 SF
Price / SF$59.98
Days on Market172

Property Features for 725 S 14TH Street

General Information

Standard status Active
Size 6,500 SF
Property subtype Office
Zoning B-3

Building Details

Year Built 1984
Listing Agency: Freedom Realty IL
Listed By: Jared Litwiller · License #475155972
Source: Crexi
Added: Feb 27 Changed: Aug 8 Last Checked: Aug 18 at 5:47AM

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 Freedom Realty IL

Investment Insights

Based on property information with market context.

This one-owner medical office building, constructed in 1984, presents an investment opportunity within a high-traffic medical corridor. The property is located in close proximity to the hospital. The main floor features 9 or more exam rooms, many of which are plumbed with sinks, as well as private offices, work areas, and a lobby with a separate waiting area. The finished lower level, complete with its own exterior entrance, offers the potential for dual tenancy or additional revenue streams. An elevator is present and requires routine certification. The building offers a flexible layout and is suitable for owner-occupants, medical groups, or investors.

Key Highlights

  • Prime location steps from the hospital ensures strong referral potential and patient flow.
  • Dual‑use potential with a finished lower level and separate entrance allows for flexible tenancy or additional revenue.
  • Well‑maintained, one‑owner medical office building built for a top ophthalmologist.

Property Analytics

Current Use

Bond Eye Associates: ... Ophthalmologist Dr. Terry G. ... Physician Dr. Jay R. ... Ophthalmologist Bond Eye Associates Medical Clinic Sunken Gardens Fountain Garden Center

Suggested Use

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

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

596
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
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Frequently Asked Questions

What type of property is this?
Medical Office Space - High-demand medical office near hospital with dual-use potential.
Where is this medical office space located?
The property is located at 725 S 14TH Street Pekin, IL.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Prime location steps from the hospital ensures strong referral potential and patient flow.; Dual‑use potential with a finished lower level and separate entrance allows for flexible tenancy or additional revenue.; Well‑maintained, one‑owner medical office building built for a top ophthalmologist.
(309) 840-5983 Call to check price and availability
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