1302 Howard St Pekin, IL 61554
This exceptional commercial property in Pekin, Illinois, presents a unique investment opportunity. Located at 1302 Howard Street, this 8,400 square foot property sits on an 11,000 square foot lot and includes two buildings, each single-story, constructed in 1932. The property features four separate units, currently vacant, offering flexibility for various business ventures. A significant highlight is the approximately 3,400 square foot warehouse space, complemented by a 12-foot-high door, ideal for storage or distribution. Four individual meters provide efficient utility management. The property also benefits from a recently replaced roof (2015) and an additional parking lot parcel (04-10-02-324-011) included in the sale. The B3 zoning permits a wide range of commercial uses. With minor adjustments, this property has the potential to be developed into four storefronts in addition to the existing warehouse space. High traffic counts ensure excellent visibility and accessibility. The asking price is $149,900, translating to $17.85 per square foot. This property is an outstanding opportunity for investors seeking a versatile commercial space with significant upside potential in a prime Pekin location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.