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    2075 Edgewater Dr North Pekin, IL 61554

    For Sale
    $338,000

    1.55 Acres, Prime North Pekin Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1.55-acre commercial land parcel, identified as APN 04-04-24-207-005, presents a unique investment opportunity in the thriving North Pekin, Illinois market. Situated at the highly visible intersection of Route 98 (Edgewater Drive) and Parkway Drive, this property benefits from excellent visibility and accessibility. The lot is zoned I1, offering flexibility for a variety of commercial and industrial uses. Its relatively flat terrain and proximity to readily available utilities simplify development. The asking price is $338,000. This parcel is ideal for businesses seeking a strategic location with high traffic counts. The property's adjacency to a major commercial development, a 100,000 square foot Amazon Fulfillment Center, further enhances its value and potential. This prime location in Tazewell County, Illinois, with its 61554 zip code, offers significant advantages for businesses seeking to establish a presence in a rapidly growing area. The property's size and location make it suitable for a wide range of commercial and industrial projects. Serious inquiries are encouraged to explore the possibilities of this exceptional land offering.

    Property Features for 2075 Edgewater Dr

    General Information

    Property type
    Land
    Lot Size
    67,518 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Wholesale Shop Hotel & Motel Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    North Pekin
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.613963
    Latitude
    40.604923

    Nearby Comparable

    • $159,000
      1.32 Acres

      Edgewater Parcels: Prime Commercial Land

      North Pekin, IL Commercial Land - $159,000
      0 Shoshana Way, North Pekin, IL 61554
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    • $129,900
      0.69 Acres

      Prime Pekin Commercial Land

      0.69-acre lot, B3 zoning, high visibility
      2428 8Th St, Pekin, IL 61554
      View Details
    • $139,900
      1,872 SF

      THIS BUILDING HAS STRONG POSSIBILITIES FOR ADAPTING TO A RESIDENTIAL HOME.""""}"""

      Pekin Commercial Building - Huge Potential
      2103 Parkway Dr, Pekin, IL 61554
      View Details
    • $139,900

      Pekin Office Land - $139,900

      1.14-Acre Office Land, Excellent Potential
      2103 Parkway Dr, Pekin, IL 61554
      View Details
    • $320,000
      Pending

      Pekin Residential Income Opportunity

      Investment property near Lake Whitehurst with updated units.
      1101 Eisenhower Dr, Pekin, IL 61554
      View Details

    FAQs

    What type of property is this?
    Land - 1.55 Acres, Prime North Pekin Location
    Where is this land located?
    The property is located at 2075 Edgewater Dr North Pekin, IL.
    What is the asking price?
    The asking price for this property is $338,000.
    Request Owner's contact information
    2075 Edgewater Dr 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
    2075 Edgewater Dr North Pekin, IL 61554
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