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Property profile & analytics
OFF-MARKET
Land

2428 8Th St Pekin, IL 61554

0.69 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.69-acre commercial land parcel presents a unique investment opportunity in Pekin, Illinois. Located at 2428 N 8th St, this property boasts 317 feet of frontage on the corner of Route 29 and Route 98, ensuring unparalleled visibility for any business. The B3 zoning allows for a wide range of commercial and industrial uses, providing flexibility for potential development. Convenient access is provided via an Eighth Street access road. The property's strategic location at the intersection of 8th Street and Edgewater Drive guarantees high traffic volume and excellent exposure to potential customers. This prime location in Tazewell County, Illinois, with a zip code of 61554, offers significant potential for growth and return on investment. The asking price for this exceptional property is $129,900. Don't miss this chance to acquire a highly visible and versatile commercial land parcel in a thriving area. The coordinates are 40.60364553390795 latitude and -89.63699270855759 longitude.

Property profile
Verified
Property type Land
Lot 0.69 ac (30,056 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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