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    OFF-MARKET
    Car washes

    1216 14th St, Pekin, IL 61554

    3,832 SF 0.45 ac lot Built 1974
    Entity Owned Absentee Owner ~ Est. High Equity
    Property ID
    US28-1636243
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Car washes
    Use group CAR WASH
    Year built 1974
    Total area 3,832 SF
    Lot 0.45 ac (19,602 SF)
    APN 04-10-02-429-001
    UPID US28-1636243
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • HOME TOWN CAR WASH Car Wash
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Molina Richardson LLC
    Molina Richardson LLC
    since 2025
    Last sale
    $100,000
    7 recorded transactions
    2025
    $100,000
    2006
    1997
    $175,000
    1969
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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