3500 Court St Pekin, IL 61554
- Retail properties
- 82,233 SF
- 8.07 lot acres
Current Use by Public Records
- East Court Village / Shopping Mall
- ATM (Cefcu) / Atm
- Firestone Complete Auto Care / Tire Shop / Car Battery Store
- CEFCU ATM / Atm
- Basel Altoos / Medical Clinic / Emergency Care Physician
Property Details for 3500 Court St
- Year built
- 1973
- Lot size
- 8.07 lot acres
- Property size
- 82,233 SF
- Property type
- Retail properties
- APN
- 11-11-07-307-008
- APU
- 111107307008
Description
This exceptional commercial property, located at 3500 Court Street Unit A in Pekin, Illinois, presents a unique investment opportunity. Situated on a sizable 0.69-acre lot, this general commercial building offers significant potential for a wide range of business ventures. The property's address is highly visible and easily accessible, ensuring excellent exposure for any business operating from this location. The building itself is ready for immediate occupancy, allowing for a swift start to operations. While the precise square footage is currently unavailable, the generous lot size suggests ample space for expansion or outdoor activities related to the business. The asking price of $300,564 represents a compelling value for a property in this desirable Pekin location. This property is perfect for entrepreneurs seeking a strong foothold in a thriving community. Its versatility makes it suitable for a variety of uses, from retail and office space to light industrial or service-based businesses. The ample land provides opportunities for future development or expansion, adding to the long-term investment potential. Serious inquiries are encouraged to explore this promising commercial real estate opportunity further. Don't miss the chance to own this strategically located property in the heart of Pekin.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $675,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $970,000
- 6.5%
- $955,000
- 7%
- $965,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $930,000
- Geo Method
- $940,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,045,000
- Retail
- $770,000
- Mixed-Use
- $900,000
- Hospitality
- $955,000
- Educational
- $915,000
- Residential Income
- $970,000
- Energy
- $760,000
- Income-Based Land
- $880,000
- Food Service
- $860,000
Location Insight
- Map
- Local Demand
- City
- Pekin
- County
- Tazewell
- State
- Illinois
- Longitude
- -89.5978
- Latitude
- 40.5409
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA
