1302 Howard St Pekin, IL 61554
- Warehouses
- 8,400 SF
Current Use by Public Records
- Warehouses
Property Details for 1302 Howard St
- Year built
- 1932
- Property size
- 8,400 SF
- Property type
- Warehouses
- Property subtype
- Lifestyle centers
Description
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.
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
- Tazewell
- State
- Illinois
- Longitude
- -89.6423
- Latitude
- 40.5566
