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Property profile & analytics
OFF-MARKET
Land

3500 Griffin Ave Pekin, IL 61554

11.03 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 11.03-acre parcel of land presents a compelling investment opportunity in Pekin, Illinois. Located at 3500 Griffin Ave, Tazewell County, this property boasts a highly desirable B3 zoning designation, opening doors to a wide range of commercial and industrial development possibilities. The APN is 11-11-07-111-008, and the property is conveniently situated in a rapidly growing area. The site itself is relatively flat, simplifying development plans, and essential utilities are readily accessible nearby. Recent development in the immediate vicinity includes the construction of hotels and a fitness center, indicating a strong and expanding local economy. This prime location, combined with the substantial lot size and favorable zoning, makes this property an ideal choice for developers seeking to capitalize on the area's growth potential. The asking price for this exceptional land parcel is $599,000. The zip code is 61554. This is a rare opportunity to acquire a significant land holding in a thriving Illinois community.

Property profile
Verified
Property type Land
Lot 11.03 ac (480,467 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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