3401 Griffin Ave Pekin, IL 61554
- Commercial real estate
- 8,348 SF
- 33.13 lot acres
Current Use by Public Records
- Zeller Banquet Center / Banquet Hall
- Dragon's Dome / Event Management Company
- Avanti's Dome / Recreation Center / Event Venue
- Bright Company / Leather Wholesaler
Property Details for 3401 Griffin Ave
- Year built
- 2004
- Lot size
- 33.13 lot acres
- Property size
- 8,348 SF
- Property type
- Commercial real estate
- APN
- 11-11-07-112-008
- APU
- 111107112008
Description
This exceptional 33.13-acre property in Pekin, Illinois, presents a unique investment opportunity. The site boasts an 8,348 square foot event center, complete with a 3,000 square foot banquet room accommodating up to 250 guests and a fully equipped commercial kitchen. Four baseball fields with dugouts, concessions, and ample restrooms are also included. The property features a sprinkler system and substantial infrastructure, including the concrete perimeter walls of a previously existing 86,597 square foot event dome. The B3 zoning allows for diverse uses. The building is single-story, renovated in 2004. This turnkey operation is priced at $1,500,000, or $179.68 per square foot. An adjacent 11.03-acre parcel is available separately, offering potential for expansion to a total of 44.16 acres. The location benefits from recent nearby developments, including hotels and a gym, suggesting strong growth potential. This property is ideal for an entrepreneur seeking a thriving sports and entertainment venue or a developer looking to capitalize on the existing infrastructure and prime location. The property is located at 3401 Griffin Ave, Pekin, IL 61554, in Tazewell County.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pekin
- County
- Tazewell
- State
- Illinois
- Longitude
- -89.599
- Latitude
- 40.5504
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA
