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    335 Court St Pekin, IL 61554

    Sponsored
    For Sale
    $49,900

    Prime Pekin location, flexible space, great parking.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 1910 building at 335 Court Street in Pekin, Illinois, presents a unique investment opportunity. Located in the heart of downtown, this property boasts a prime location, just steps from the planned 80,000 square foot expansion of the Tazewell County Justice Center, slated for completion by 2027. The building itself offers 1,960 square feet of main floor space, complemented by additional square footage upstairs, providing ample room for a variety of commercial or flex uses. The property is classified as Commercial, Flex, and Other, offering versatility for potential buyers. A significant advantage is the large city-owned parking lot directly behind the building, ensuring convenient parking for clients and customers. The asking price for this land and building is $49,900. The property's address is 335 Court Street, Pekin, IL 61554. This is a rare chance to acquire a well-situated commercial property in a growing area of Tazewell County. The property's location near the expanding Justice Center promises increased foot traffic and visibility, making it an attractive investment for businesses seeking a strong presence in the Pekin community.

    Property Features for 335 Court St

    General Information

    Property type
    Flex space

    Building Details

    Year Built
    1910
    Buildings
    1

    HighLights

    • $49,900 asking price.
    • Land, industrial, and office property types; Commercial and flex subtypes.
    • 1910 construction; one building.
    • 1,960 square feet on the main floor, plus additional upper‑level space.
    • Prime downtown Pekin, IL location near the future Tazewell County Justice Center expansion.
    • Ample city‑owned parking lot in the rear.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pekin
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.647931
    Latitude
    40.569996

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    FAQs

    What type of property is this?
    Flex space - Prime Pekin location, flexible space, great parking.
    Where is this flex space located?
    The property is located at 335 Court St Pekin, IL.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: $49,900 asking price.; Land, industrial, and office property types; Commercial and flex subtypes.; 1910 construction; one building.
    Request Owner's contact information
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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
    335 Court St Pekin, IL 61554
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