273 1St St Pekin, IN 47165
- Investment properties
- 0.24 lot acres
Current Use by Public Records
- New Pekin Repo / Electronics Store
Property Details for 273 1St St
- Year built
- 1914
- Lot size
- 0.24 lot acres
- Property type
- Investment properties
Description
This exceptional commercial property, situated at 273 S First Street, Pekin, Indiana, presents a remarkable investment opportunity. Boasting a prime corner location just off the bustling Highway 60, this 0.24-acre lot offers significant road frontage on two sides, maximizing visibility and accessibility. Its strategic placement next to a Casey's General Store and an established restaurant ensures high foot traffic and a built-in customer base. The property's versatility allows for a wide range of commercial uses, including but not limited to restaurants, banks, car dealerships, grocery stores, or smaller retail businesses. A significant advantage is the existing four-bedroom, two-bathroom home on the site, which means all necessary utilities are already in place, reducing initial setup costs and offering potential for immediate income generation or employee housing. This property is ideally suited for an investor seeking a strong return in a growing community, conveniently located only 30 minutes from Louisville. Consider purchasing this lot in conjunction with the adjacent property at 201 W. Shorts Corner Rd. for an even more expansive and impactful commercial presence. This is a rare opportunity to secure a highly visible and well-positioned commercial property in a thriving area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pekin
- County
- Washington
- State
- Indiana
- Longitude
- -86.01708
- Latitude
- 38.50459
