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    1717 Highwood Ave Pekin, IL 61554

    Sponsored
    For Sale
    $650,000

    Spacious Church Building, Multiple Uses

    Property size:
    15,350 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 15,350-square-foot single-story building, situated on a generous 6.38-acre lot in southeast Pekin, Illinois, presents a unique investment opportunity. Currently zoned R-2, the property offers significant potential for repurposing. Previously used as a church, it features a large sanctuary, two conference rooms, four offices, five classrooms, a library, dining room, kitchen, and ample restroom facilities, both private and communal. Additional amenities include an outdoor patio, playground, and extensive paved parking accommodating approximately 122 vehicles, complete with a circular drive. The building is ADA accessible and boasts all utilities readily available. Its prime location directly across from Altman Primary Public School and near the Route 9 (Court Street) commercial district provides excellent visibility and accessibility. The expansive lot offers significant potential for future development. The asking price is $650,000, translating to $42.35 per square foot. The city of Pekin is open to considering changes in the property's use, making it ideal for a variety of ventures, including schools, care facilities, medical offices, or general office space. This move-in ready property represents a rare opportunity to acquire a substantial building with ample land in a desirable location. The property's APN is 10-10-12-215-024.

    Property Features for 1717 Highwood Ave

    General Information

    Property type
    Churches & religious facilities
    Square Feet
    15,350 SF
    Lot Size
    277,913 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    First United Presbyterian ... Presbyterian Church

    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
    -89.609400494779
    Latitude
    40.546791733378

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    FAQs

    What type of property is this?
    Church & religious facility - Spacious Church Building, Multiple Uses
    Where is this church & religious facility located?
    The property is located at 1717 Highwood Ave Pekin, IL.
    What is the asking price?
    The asking price for this property is $650,000.
    Request Owner's contact information
    1717 Highwood Ave 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
    1717 Highwood Ave Pekin, IL 61554
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