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Financial
Distress signals
Property profile

111 N 6Th St Pekin, IL 61554

FOR SALE
Banks
Property ID
US28-5826969
16,666 SF 1.4 ac lot Built 1977
Last sale Oct 2006 · $1,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 20-yr Hold Held for 20 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 53,900-square-foot office building constructed in 1977 and currently configured for occupancy by three tenants. Interior spaces have undergone recent updates, and major building systems have been improved, including modernization of two elevators completed in 2022, and electrical system upgrades such as 3,000-AMP switchgear installed in 2022, updated breakers for existing feeders, five transformers installed in 2022, and 13 replacement sub panels throughout the building.…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$19k
Tax billed · 2023
Assessed value$209k
Assessed land$59k
Assessed improvement$150k
Effective rate9.16%

Value estimate

· Oct 2026
$390k
$351k – $429k
AI approach$390k
Submarket $/SF estimate$906k
NOI build-up
Gross scheduled income$1.78M
Vacancy & credit loss−$454k
Operating expenses−$331k
NOI · 49.69% cap applied$994k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
49.69%
$994k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionTAZEWELL

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency34.6
Dental Office24.3
Restaurant21.9

Location

111 N 6Th St Pekin, IL 61554
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3293 Ct, Pekin, IL 61554-6208 $360,000 Mar 2025 5,186 SF
103 Radio City, Pekin, IL 61554-1575 $1,900,000 Nov 2024 3,822 SF
1406 2nd, Pekin, IL 61554-5404 $200,000 Aug 2024 4,990 SF
527 Ct, Pekin, IL 61554-3347 $75,000 Aug 2024 4,606 SF
282 Derby, Pekin, IL 61554-5650 $185,000 Mar 2024 7,000 SF
602 Derby, Pekin, IL 61554-5713 $61,000 Dec 2023 4,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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