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Property profile & analytics

2410 8th St Pekin, IL 61554-1547

  • Retail space
  • 1,500 SF
  • 0.53 lot acres
OFF-MARKET
Value Estimations
$240,000
Show details
Cap Rate Potential
5.9%
Retail space
Location Intelligence
Property ID
US28-2428036
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

based on Realmo’s proprietary methodology
  • 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

Get a detailed, property-specific valuation — fast and free


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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,046
$14,020
$20,740
$34,760
-
$42,060
$62,220
$104,280
More about this property
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