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Property profile & analytics
OFF-MARKET
Investment properties

201 Shorts Corner Rd Pekin, IN 47165

0.41 ac lot Built 1945
Property ID
Property summary
AI-generated overview

This exceptional 0.41-acre commercial property at 201 W Shorts Corner Road, Pekin, IN, presents a remarkable opportunity for retail development. Boasting highway frontage on three sides of the lot, this location offers unparalleled visibility and accessibility on busy Highway 60. The property's strategic position next to a Casey's General Store and an established restaurant ensures high foot traffic and brand synergy. Currently featuring a two-bedroom, one-bathroom home, all utilities are readily available, simplifying the development process. The existing structure provides immediate utility access and potential for temporary use or repurposing. This prime location is ideal for a diverse range of businesses, including restaurants, banks, grocery stores, car dealerships, pharmacies, or smaller retail establishments. The property's size and location make it suitable for a variety of commercial ventures, capitalizing on the growth of the Pekin community. The property is also conveniently located just 30 minutes from Louisville, offering access to a larger regional market. An adjoining property at 273 S. First St., Pekin, is also available for purchase, presenting the possibility of expanding the development footprint. Both properties can be acquired individually or as a combined package. This is a rare opportunity to secure a highly visible and strategically located commercial property in a thriving area.

Property profile
Verified
Property type Investment properties
Year built 1945
Lot 0.41 ac (17,860 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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