3500 Griffin Ave Pekin, IL 61554
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.
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.