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    200 2Nd St Pekin, IL 61554

    For Lease
    $9 SF/Yr

    Downtown Pekin office suites, multiple sizes.

    Lot size:
    11,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property, located at 200 S. Second Street in Pekin, Illinois, 61554, offers versatile office space ideal for a variety of businesses. The property is classified as retail and office, specifically featuring traditional office suites. Multiple tenancies are available, providing flexibility for businesses of different sizes. Currently, there are two spaces immediately available, ranging in size from a comfortable 1,150 square feet to a substantial 10,500 square feet. This allows for businesses to select a space perfectly suited to their operational needs, whether a small startup or a larger established company. The property's prime location in downtown Pekin ensures high visibility and easy access for clients and employees. The address is easily accessible from major roadways, offering convenient transportation links. This presents a unique opportunity to secure a well-situated office space in a thriving Illinois community. The building's layout is designed to accommodate multiple tenants, offering a professional and efficient work environment. Interested parties are encouraged to inquire about lease terms and availability for these exceptional office spaces. The property's precise geographic coordinates are latitude 40.7592241 and longitude -89.6334764.

    Property Features for 200 2Nd St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,650 SF

    Unit(s) available at that property

    Space
    Suite 12
    Size
    1,150 SF
    Rate per SF
    $12
    Space
    Available Space 2
    Size
    10,500 SF
    Rate per SF
    $9
    Property Profile Location Intelligence

    Current Use by Public Records

    Illinois Department of Human ... County Government Office Pekin Illinois Secretary ... State Government Office Help at Home Home Health Care Service Education For Employment Non-Profit Organization

    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
    -89.6334764
    Latitude
    40.7592241

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    FAQs

    What type of property is this?
    Office Property / Space - Downtown Pekin office suites, multiple sizes.
    Where is this office property / space located?
    The property is located at 200 2Nd St Pekin, IL.
    What is the lease rate?
    The lease rate is $9-$12 SF/Yr.
    Request Owner's contact information
    200 2Nd St Pekin, IL 61554
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    200 2Nd St
    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
    200 2Nd St Pekin, IL 61554
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