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    Property profile & analytics

    1440 8Th St Pekin, IL 61554

    • Retail properties
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Good Tequila's - Pekin / Mexican Restaurant

    Property Details for 1440 8Th St

    Year built
    1948
    Property type
    Retail properties
    Property subtype
    Restaurants

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pekin
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.6408
    Latitude
    40.5806

    Comparable in this City

    • Value Estimation by Request
      8,400 SF

      1302 Howard St

      Lifestyle centers • 8,400 SF
      1302 Howard St, Pekin, IL 61554
      View Details
    • Value Estimation by Request

      611 Margaret St

      Flex space
      611 Margaret St, Pekin, IL 61554
      View Details
    • Value Estimation by Request
      31,556 SF

      215 Mechanic St

      Retail properties • 31,556 SF
      215 Mechanic St, Pekin, IL 61554
      View Details
    • Value Estimation by Request

      335 Court St

      Flex space
      335 Court St, Pekin, IL 61554
      View Details
    • Value Estimation by Request

      611 Margaret St

      Office Properties & Spaces
      611 Margaret St, Pekin, IL 61554
      View Details
    • Value Estimation by Request
      11.03 Acres

      3500 Griffin Ave

      Land • 11.03 Acres
      3500 Griffin Ave, Pekin, IL 61554
      View Details

    Similar Nearby for Sale

    • $1,500,000
      33.13 Acres

      Pekin Sports & Event Center

      33-Acre Complex, $1.5M
      3401 Griffin Ave, Pekin, IL 61554
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    • $1,399,000
      31,556 SF

      Pekin, IL Multi-Tenant Retail Investment

      High-yield retail portfolio; strong tenant base.
      215 Mechanic St, Pekin, IL 61554
      View Details
    • $159,000
      1.32 Acres

      Edgewater Parcels: Prime Commercial Land

      North Pekin, IL Commercial Land - $159,000
      0 Shoshana Way, North Pekin, IL 61554
      View Details
    • $599,000
      11.03 Acres

      Pekin, IL Commercial Land Investment

      11 Acres, B3 Zoning, Prime Development
      3500 Griffin Ave, Pekin, IL 61554
      View Details
    • $599,900
      8,651 SF

      Pekin Car Wash - Prime Location

      Established Car Wash Business, 1 Acre Lot
      211 Capitol St, Pekin, IL 61554
      View Details
    • $494,900

      Pekin Medical Office Building

      7653 sq ft Medical Office w/ Apartments
      101 Parkway Dr, Pekin, IL 61554
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      8,400 SF

      Pekin, IL Commercial Land & Building

      8,400 SF Commercial Space, 50 Parking Spots
      3010 Court St, Pekin, IL 61554
      View Details
    • $9 SF/Yr
      11,650 SF

      Pekin, IL Office Space Available

      Downtown Pekin office suites, multiple sizes.
      200 2Nd St, Pekin, IL 61554
      View Details
    • $12 SF/Yr
      3,300 SF

      Retail Space in High Traffic Center

      Retail spaces available in Pekin's busy commercial corridor.
      3245 Court St, Pekin, IL 61554
      View Details
    • $12 SF/Yr
      1,400 SF

      Retail Space on Court Street

      Retail space with open floor plan and natural light.
      2125-2133 Court St, Pekin, IL 61554
      View Details
    • $1,250 /Mo
      1,200 SF

      Retail Unit in Pekin

      1,200 SF retail unit available for rent.
      3293-3299 Court St, Pekin, IL 61554
      View Details
    • $14 SF/Yr
      1,200 SF

      Retail Space in North Pekin

      1,200 SF retail space in high-traffic area.
      3552-3560 Court St, Pekin, IL 61554
      View Details
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    1440 8Th 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
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