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    2428 8Th St Pekin, IL 61554

    Sponsored
    For Sale
    $129,900

    0.69-acre lot, B3 zoning, high visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.69-acre commercial land parcel presents a unique investment opportunity in Pekin, Illinois. Located at 2428 N 8th St, this property boasts 317 feet of frontage on the corner of Route 29 and Route 98, ensuring unparalleled visibility for any business. The B3 zoning allows for a wide range of commercial and industrial uses, providing flexibility for potential development. Convenient access is provided via an Eighth Street access road. The property's strategic location at the intersection of 8th Street and Edgewater Drive guarantees high traffic volume and excellent exposure to potential customers. This prime location in Tazewell County, Illinois, with a zip code of 61554, offers significant potential for growth and return on investment. The asking price for this exceptional property is $129,900. Don't miss this chance to acquire a highly visible and versatile commercial land parcel in a thriving area. The coordinates are 40.60364553390795 latitude and -89.63699270855759 longitude.

    Property Features for 2428 8Th St

    General Information

    Property type
    Land
    Lot Size
    30,056 SF

    HighLights

    • 0.69‑acre commercial land parcel in Pekin, IL, priced at $129,900.
    • High visibility corner lot at Route 29 and Route 98 intersection, with 317 feet of frontage.
    • B3 zoning allows for diverse commercial and industrial uses.
    • Excellent access via Eighth Street.
    • Prime location in Tazewell County (zip code 61554) with high traffic volume.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pekin
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.636992708558
    Latitude
    40.603645533908

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    FAQs

    What type of property is this?
    Land - 0.69-acre lot, B3 zoning, high visibility
    Where is this land located?
    The property is located at 2428 8Th St Pekin, IL.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: 0.69-acre commercial land parcel in Pekin, IL, priced at $129,900.; High visibility corner lot at Route 29 and Route 98 intersection, with 317 feet of frontage.; B3 zoning allows for diverse commercial and industrial uses.
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    2428 8Th St Pekin, IL 61554
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    Pekin, IL 61554
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2428 8Th St Pekin, IL 61554
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