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Property profile & analytics

359 Court St Pekin, IL 61554

  • Retail space
  • 4,146 SF
  • 0.11 lot acres
Value Estimation
Last Sale
Apr 11, 2025
$297,000
Location Intelligence
Property ID
US28-0861450
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Retail space

Property Details for 359 Court St

Year built
1910
Lot size
0.11 lot acres
Property size
4,146 SF
Property type
Retail space
APN
04-04-34-434-015
APU
40434434015

Description

This exceptional 12,213 square foot commercial property, located at 359 Court Street in the heart of downtown Pekin, Illinois, presents a spectacular investment opportunity. The building, a charming historic structure situated near the courthouse, offers approximately 4,000 square feet on both the main and upper floors, providing ample space for a variety of businesses. The electrical system was updated in 2010, and the roof liner, featuring a fiber base with spray-on coating, was also replaced in 2010. A significant advantage is the non-load-bearing walls between rooms, allowing for flexible space planning and the creation of larger, open areas to suit specific business needs. The property includes a fully installed fire suppression system, ensuring safety and peace of mind. To further enhance the property, the seller is offering a $10,000 rebate towards bathroom upgrades. This is a rare chance to acquire a substantial, well-maintained commercial building in a prime downtown location with significant upside potential. The property sits on a 0-acre lot.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $305,000
  • CAP approach

    CAP return
    Estimation
    6%
    $330,000
    6.5%
    $360,000
    7%
    $360,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $340,000
    Geo Method
    $285,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $300,000
    Retail
    $330,000
    Mixed-Use
    $270,000
    Hospitality
    $315,000
    Educational
    $315,000
    Residential Income
    $330,000
    Energy
    $355,000
    Income-Based Land
    $335,000
    Food Service
    $305,000

Location Insight

  • Map
  • Local Demand
City
Pekin
County
Tazewell
State
Illinois
Longitude
-89.647
Latitude
40.5696
CBSA code
37900
CBSA name
PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,235
$4,590
$30,720
$35,310
-
$13,770
$92,160
$105,930
More about this property
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