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    Property profile & analytics

    2115 Cherry Ln Pekin, IL 61554-5394

    • Car washes
    • 2,580 SF
    • 0.73 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Sep 30, 2024
    Location Intelligence
    Property ID
    US28-1261511
    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.

    Current Use by Public Records

    • Car washes

    Property Details for 2115 Cherry Ln

    Year built
    2003
    Lot size
    0.73 lot acres
    Property size
    2,580 SF
    Property type
    Car washes
    APN
    04-10-01-400-034
    APU
    41001400034

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pekin
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.6147
    Latitude
    40.5593
    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
    $8,454
    $39,950
    $52,330
    $92,280
    -
    $119,850
    $156,990
    $276,840

    Comparable in this City

    • Value Estimation
      $75,000
      2,182 SF

      1610 Broadway St

      CAR WASH • 2,182 SF
      1610 Broadway St, Pekin, IL 61554-3806
      View Details
    • Value Estimation
      $1,655,000
      2,540 SF

      3405 Ct St

      CAR WASH • 2,540 SF
      3405 Ct St, Pekin, IL 61554-6236
      View Details
    • Value Estimation
      $185,000
      2,634 SF

      1401 8th St

      CAR WASH • 2,634 SF
      1401 8th St, Pekin, IL 61554-2168
      View Details
    • Value Estimation
      $210,000
      8,651 SF

      211 Capitol St

      CAR WASH • 8,651 SF
      211 Capitol St, Pekin, IL 61554-3253
      View Details
    • Value Estimation by Request
      3,832 SF

      1216 14th St

      CAR WASH • 3,832 SF
      1216 14th St, Pekin, IL 61554
      View Details
    • Value Estimation by Request
      9,100 SF

      2321 Lakecrest Dr

      AUTO REPAIR, GARAGE • 9,100 SF
      2321 Lakecrest Dr, Pekin, IL 61554-6638
      View Details

    Similar Nearby for Sale

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      3240 sq ft building with open space and parking.
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    • $2,736,360
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      New Chipotle Redevelopment For Sale

      New 2025 Chipotle redevelopment with 15-year net lease.
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    • $1,399,000
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    Similar Nearby for Lease

    • $12 SF/Yr
      1,400 SF

      Retail Space on Court Street

      Retail space with open floor plan and natural light.
      2125-2133 Court St, Pekin, IL 61554
      View Details
    • $1,250 /Mo
      1,200 SF

      Retail Unit in Pekin

      1,200 SF retail unit available for rent.
      3293-3299 Court St, Pekin, IL 61554
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    • $9 SF/Yr
      11,650 SF

      Pekin, IL Office Space Available

      Downtown Pekin office suites, multiple sizes.
      200 2Nd St, Pekin, IL 61554
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    • $6 SF/Yr
      8,400 SF

      Pekin, IL Commercial Land & Building

      8,400 SF Commercial Space, 50 Parking Spots
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    • $12 SF/Yr
      3,300 SF

      Retail Space in High Traffic Center

      Retail spaces available in Pekin's busy commercial corridor.
      3245 Court St, Pekin, IL 61554
      View Details
    • $14 SF/Yr
      1,200 SF

      Retail Space in North Pekin

      1,200 SF retail space in high-traffic area.
      3552-3560 Court St, Pekin, IL 61554
      View Details
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    Pekin, IL 61554-5394
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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