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    Shoshana Way North Pekin, IL 61554

    Sponsored
    For Sale
    $159,000

    North Pekin, IL Commercial Land - $159,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.32-acre commercial land parcel, located in North Pekin, Illinois, presents a unique investment opportunity. Situated on W Shoshana Way, with the address 61554, and identified by APN 04-04-24-204-004, this property boasts an I1 zoning designation. Its strategic location directly adjoins a substantial 100,000 square foot Amazon fulfillment center, offering unparalleled access to established infrastructure and a thriving commercial environment. The land is relatively flat and buildable, with readily accessible utilities. This presents a significant advantage for developers seeking a convenient and cost-effective site for new construction. The property's proximity to IL Route 98/Edgewater Dr and Parkway Dr ensures high visibility and easy access for businesses. This parcel is ideal for a variety of commercial and industrial uses, making it an attractive proposition for investors seeking strong returns in a rapidly developing area of Tazewell County. The asking price for this exceptional opportunity is $159,000.

    Property Features for 0 Shoshana Way

    General Information

    Property type
    Land
    Lot Size
    57,499 SF

    HighLights

    • 1.32‑acre commercial land parcel in North Pekin, IL.
    • APN 04‑04‑24‑204‑004, I1 zoning.
    • Located at 61554 W Shoshana Way, adjacent to a 100,000 sq ft Amazon fulfillment center.
    • Flat, buildable land with readily accessible utilities.
    • High visibility location near IL Route 98/Edgewater Dr and Parkway Dr.
    • $159,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    North Pekin
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.61637721388
    Latitude
    40.605662645156

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    FAQs

    What type of property is this?
    Land - North Pekin, IL Commercial Land - $159,000
    Where is this land located?
    The property is located at Shoshana Way North Pekin, IL.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: 1.32-acre commercial land parcel in North Pekin, IL.; APN 04-04-24-204-004, I1 zoning.; Located at 61554 W Shoshana Way, adjacent to a 100,000 sq ft Amazon fulfillment center.
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    Shoshana Way North Pekin, IL 61554
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    North 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
    Shoshana Way North Pekin, IL 61554
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