1805 Riverway Dr, Pekin, IL 61554-9309
- Flex space
- 40,558 SF
- 3.68 lot acres
Current Use by Public Records
- PAL Health Technologies / Production Facility / Factory
- AJR Brands / (Bike/Boat/Book/etc) Store / Printing Service
- Xtremity 3D / Medical Clinic
- Adam Quinn / Physician
- Dr. Lily Tran / Physician
Property Details for 1805 Riverway Dr
- Year built
- 1994
- Lot size
- 3.68 lot acres
- Property type
- Flex space
- APN
- 10-10-10-100-053
- APU
- 101010100053
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 1, 2025 | — | Rp Building Management LLC | — | Deed · related | $508k · Morton Community Bank |
| Mar 12, 2020 | — | Riverway Prop Mgmt LLC | Rp Building Management LLC | Correction Deed · related | — |
| Mar 10, 2020 | $116,000 | Riverway Prop Mgmt LLC | Rp Building Management LLC | Warranty Deed | — |
| Aug 1, 2018 | $1,900,000 | Rp Building Management LLC | Delaney Investment LLC | Warranty Deed | $1.9M · Morton Community Bank |
| Apr 17, 2015 | — | Delaney Investments LLC | Soy Captial Bank & Trt Co | Deed | $1.4M · Heritage Bank Central Illinois |
| Aug 25, 2003 | $1,900,000 | Mid-america Natl Bk NA Ttee | Jes Realty INC | Grant Deed · related | $1.5M · Heritage Bank Central Illinois |
| — | — | Trust 20-5150 | — | Loan Modification · related | — |
| — | — | Trust 20-5150 | — | Loan Modification · related | — |
Description
This vacant 40,558-square-foot flex building in Pekin, Illinois, presents a compelling investment opportunity. Situated on a 3.68-acre lot, the property features a dry, open warehouse with office space and boasts ceiling heights ranging from 15 to 18 feet. Recent updates within the last five years include the installation of multiple 2-ton to 12-ton HVAC units, many still under warranty. The building is conveniently located off Route 29 (S. 2nd Street), within an established industrial/flex area near the Pekin Park District Sports Complex. Nearby businesses include Excalibur Seasoning, Amerhart, DCX-Chol Enterprise, KMI Packaging & Exporting, Winpak of Pekin, and Johnson HVAC. The asking price is $3,150,000, translating to $77.67 per square foot. The property is located in the Enterprise Zone South, and additional acreage may be available. This well-maintained facility offers significant potential for a variety of industrial and flex uses. The property's strategic location and recent upgrades make it an attractive option for businesses seeking efficient and modern warehouse and office space in a thriving industrial area.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $520,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,059,000
Market price range: $475k - $1.83M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $1,180,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Pekin
- County
- Tazewell
- State
- Illinois
- Longitude
- -89.6608
- Latitude
- 40.5486
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA
