Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    206 Derby St Pekin, IL 61554

    For Sale
    $99,900

    $99,900 - 2,000 SF Flex Space

    Property size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 2,000-square-foot flex space, located at 206 Derby St in Pekin, Illinois, presents a unique investment opportunity. Priced at $99,900 ($49.95/SF), this single-unit, Class B building boasts a versatile layout ideal for various uses. Built in 1978, the structure features a durable steel roof, trusses, and siding, ensuring longevity. The property includes a temperature-controlled (heated and air-conditioned) warehouse with an open floor plan, perfect for a contractor or similar business. A convenient overhead door in the rear provides access to a sizable yard. Previously used as a machine shop, this space offers ample potential. The property sits on a 0.22-acre lot and is zoned I-1. Some existing office furniture may be available upon request. This prime location within Pekin's Derby Street Commercial/Industrial Corridor offers excellent accessibility and visibility. The building consists of one story and is situated in Tazewell County, Illinois, zip code 61554.

    Property Features for 206 Derby St

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,000 SF
    Class
    B
    Lot Size
    9,583 SF

    Building Details

    Year Built
    1978
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $99,900 asking price for this 2,000 square foot flex space.
    • Located at 206 Derby St, Pekin, IL 61554, this single‑tenant property sits on a 0.22‑acre lot.
    • Features include a front office and rear overhead door with yard access.
    • The building boasts steel construction (roof, trusses, and siding), and is temperature‑controlled (HVAC).
    • Suitable for various uses, previously used as a machine shop.
    • Some existing office furniture is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    SMB Tool Room Machine Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Pekin
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.6592877
    Latitude
    40.5563694

    Nearby Similar for Sale

    • $205,000
      4,628 SF

      Pekin Church or Fellowship Hall

      Move-in ready church or fellowship hall with ample parking.
      13895 1St St, 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
    • $115,000
      2,141 SF

      Pekin Triplex: Investment Opportunity

      Versatile triplex in Pekin, Illinois, ideal for generating rental income.
      1007 S 10Th St, Pekin, IL 61554
      View Details
    • $165,000
      3,400 SF

      Pekin Assisted Living Investment Opportunity

      Assisted living facility near Unity Points Pekin Hospital Campus.
      1112 Court St, Pekin, IL 61554
      View Details
    • $219,000
      3,932 SF

      Pekin Corner Lot with Visibility

      Commercial property with rental income and high visibility corner location.
      910 Derby St, Pekin, IL 61554
      View Details
    • $674,900
      7,680 SF

      Pekin Multifamily Investment Opportunity

      Well-maintained 8-unit apartment building near Lake Arlann.
      740 E Shore Dr, Pekin, IL 61554
      View Details

    FAQs

    What type of property is this?
    Individual retail property - $99,900 - 2,000 SF Flex Space
    Where is this individual retail property located?
    The property is located at 206 Derby St Pekin, IL.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: $99,900 asking price for this 2,000 square foot flex space.; Located at 206 Derby St, Pekin, IL 61554, this single-tenant property sits on a 0.22-acre lot.; Features include a front office and rear overhead door with yard access.
    Request Owner's contact information
    206 Derby St Pekin, IL 61554
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    206 Derby St
    Pekin, IL 61554
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    206 Derby St Pekin, IL 61554
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.