1216 14th St, Pekin, IL 61554
This exceptional 3,832 square foot commercial building presents a unique investment opportunity in Pekin, Illinois. Situated on a generous 130 x 150 foot lot at the highly visible corner of S 14th and Derby Streets, this property offers significant versatility. Currently configured in a way that could easily be adapted, the building's substantial size allows for a variety of uses. Imagine converting a portion into modern office spaces, creating secure storage units, and maintaining a few operational car wash bays for supplemental revenue streams. The existing structure provides a solid foundation for a range of entrepreneurial ventures. A large parking lot at the rear of the building ensures ample space for customers and employees. Adding to its appeal, this property is located within Pekin's Tax Increment Financing (TIF) District, making it eligible for development incentives and assistance programs. This translates to potential cost savings and streamlined development processes for the astute investor. The strategic location and adaptable layout combine to create a compelling opportunity for significant return on investment. Don't miss this chance to acquire a prime commercial property in a thriving Illinois community.
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HOME TOWN CAR WASH Car Wash
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.