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    101 N Parkway Dr Pekin, IL 61554
    Property profile & analytics

    101 N Parkway Dr Pekin, IL 61554


    • Medical Office Space
    • 3,333 SF
    • 0.51 lot acres
    Pekin Commercial Building with Apartments For Sale
    $494,900

    Pekin Commercial Building with Apartments

    Versatile commercial building with apartments in Pekin, Illinois.

    101 N PARKWAY Drive, Pekin, IL 61554
    View Listing
    Property ID
    US28-2194240
    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.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Women Center For Health / Physician
    • Roark Michael MD / Physician
    • Dr. Lynn Kepple-Byerly, MD / Ophthalmologist
    • The Women's & Family Center for Health / Pediatrician / Physician

    Property Details for 101 N Parkway Dr

    Year built
    1971
    Lot size
    0.51 lot acres
    Property size
    3,333 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    04-04-36-326-022
    APU
    40436326022

    Description

    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.


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    Location Insight

    • Map
    • Local Demand
    City
    Pekin
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.6185
    Latitude
    40.5682
    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
    $19,174
    $27,850
    $181,440
    $209,290
    -
    $83,550
    $544,320
    $627,870
    View Listing
    More about this property
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