101 N Parkway Dr, Pekin, IL 61554

3,333 SF 0.51 ac lot Built 1971

Entity Owned 9-yr Hold ~ Est. High Equity

Property ID

US28-2194240

$494,900 3,333 SF

101 N Parkway Dr, Pekin, IL 61554
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This exceptional 7,653 square foot commercial building, located on the highly visible corner of Parkway Drive and Broadway in Pekin, Illinois, presents a unique investment opportunity. Currently configured as a medical office, the main level boasts a welcoming lobby, five exam rooms, a procedure room, two offices, and a bathroom. The finished basement provides additional space, including a kitchenette, a half-bathroom, four private offices, a conference area, and ample storage. A significant advantage is the inclusion of two separate apartments, each featuring a kitchen, living room, bedroom, bathroom, and storage. These apartments, currently vacant, offer potential rental income. The property also features a substantial parking lot and a convenient carport. The building is zoned B3. While the square footage is an estimate based on Tazewell County records, the property's size and versatile layout make it ideal for a variety of uses. Its prime location ensures high visibility and excellent traffic flow, making it an attractive option for businesses seeking a prominent presence in Pekin. The building's quality improvements throughout contribute to its overall appeal and functionality. This property offers a blend of commercial and residential space, presenting a compelling investment opportunity with significant upside potential.