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    3010 Court St Pekin, IL 61554

    Sponsored
    For Lease
    $6 SF/Yr

    8,400 SF Commercial Space, 50 Parking Spots

    Lot size:
    8,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property, located at 3010 Court Street in Pekin, Illinois (zip code 61554), presents a significant opportunity for businesses seeking ample space and high visibility. The property encompasses 8,400 square feet of land and building space, ideally suited for a variety of commercial uses. The zoning is B-3, allowing for diverse business operations. The single-tenant building features three overhead doors, providing convenient access for loading and unloading. Ample parking is available with 50 spaces on-site. The property enjoys a prime location, situated just half a mile west of the Pekin Mall area on Court Street, ensuring high traffic and excellent visibility for your business. The gross rent for the first two years is $4,500 per month, inclusive of real estate taxes and insurance. This is an excellent opportunity for a growing business needing more space in a high-traffic area. The APN is 10-10-12-217-006.

    Property Features for 3010 Court St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,400 SF

    Unit(s) available at that property

    Space
    Size
    8,400 SF
    Rate per SF
    $6
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Pekin
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.6077629
    Latitude
    40.548248

    Nearby Comparable

    • $12 SF/Yr
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      Retail Space in High Traffic Center

      Retail spaces available in Pekin's busy commercial corridor.
      3245 Court St, Pekin, IL 61554
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      Retail Space on Court Street

      Retail space with open floor plan and natural light.
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      Retail Space in North Pekin

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      3552-3560 Court St, Pekin, IL 61554
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      Pekin Retail Space Available

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      Retail/Office Space in Creve Coeur

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      East Peoria Retail Space Available

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      East Peoria Retail Space Available

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    Nearby Similar for Lease

    • $12 SF/Yr
      3,300 SF

      Retail Space in High Traffic Center

      Retail spaces available in Pekin's busy commercial corridor.
      3245 Court St, Pekin, IL 61554
      View Details
    • $1,250 /Mo
      1,200 SF

      Retail Unit in Pekin

      1,200 SF retail unit available for rent.
      3293-3299 Court St, Pekin, IL 61554
      View Details
    • $14 SF/Yr
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      Retail Space in North Pekin

      1,200 SF retail space in high-traffic area.
      3552-3560 Court St, Pekin, IL 61554
      View Details
    • $12 SF/Yr
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      Retail Space on Court Street

      Retail space with open floor plan and natural light.
      2125-2133 Court St, Pekin, IL 61554
      View Details
    • $13 SF/Yr
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      Pekin Retail Space Available

      Retail space available for rent in Pekin, Illinois.
      505-539 S Parkway Dr, Pekin, IL 61554
      View Details
    • $9 SF/Yr
      11,650 SF

      Pekin, IL Office Space Available

      Downtown Pekin office suites, multiple sizes.
      200 2Nd St, Pekin, IL 61554
      View Details

    FAQs

    What type of property is this?
    Retail property - 8,400 SF Commercial Space, 50 Parking Spots
    Where is this retail property located?
    The property is located at 3010 Court St Pekin, IL.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    Request Owner's contact information
    3010 Court 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
    3010 Court St Pekin, IL 61554
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