2410 8th St Pekin, IL 61554-1547
- Retail space
- 1,500 SF
- 0.53 lot acres
Current Use by Public Records
- Redeemed Auto Services LLC / Auto Repair Shop
- Rustom Auto / Auto Repair Shop / Auto Body Shop
Property Details for 2410 8th St
- Year built
- 1988
- Lot size
- 0.53 lot acres
- Property size
- 1,500 SF
- Property type
- Retail space
- APN
- 04-04-23-300-016
- APU
- 40423300016
Description
This 1,500 square foot mixed-use building, located at 2410 N 8th St in Pekin, Illinois, presents a unique investment opportunity. The property, built in 1988, is classified as a Class B building and sits on a 0.53-acre lot zoned B3. Ideal for a variety of uses, including auto repair, flex space, or retail, the building features two 9-foot high dock-high doors, perfect for loading and unloading. Inside, you'll find three private offices, a waiting area, and a custom ceramic tile entryway. The building boasts R-19 insulated walls and ceilings, an integrated floor drain with grates, oak stained wainscoting doors and window trim, and 200-amp service. Air-conditioned offices provide a comfortable workspace. Ample blacktop parking is available. The property's advantageous location on a frontage road places it alongside Dennison Chevrolet and other dealerships in a thriving auto-row. Adding to its appeal, the parcel and property are situated adjacent to a private lake. The building's previous use as a pre-owned import car sales office/lot speaks to its suitability for similar businesses. The asking price is $219,900, with a price per square foot of $146.60. This single-story building offers a compelling combination of functionality, location, and potential.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $240,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $300,000
- 6.5%
- $275,000
- 7%
- $255,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $144,000
Market price range: $44.3k - $168k
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Location Insight
- Map
- Local Demand
- City
- Pekin
- County
- Tazewell
- State
- Illinois
- Longitude
- -89.6371
- Latitude
- 40.6026
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA