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    Property profile & analytics

    2220 8th St Pekin, IL 61554-1543

    • Gas stations
    • 3,840 SF
    • 3.24 lot acres
    OFF-MARKET
    Value Estimation
    $1,515,000
    Last Sale
    Feb 01, 2022
    $1,880,000
    Location Intelligence
    Property ID
    US28-2432502
    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

    • Ray Dennison Buick GMC Cadillac / Ds Automobiles Dealer
    • GMC at VELDE, INC. / Gmc Dealer / Car Dealer
    • Ray Dennison Cadillac / Car Dealer / Car Leasing Service
    • Ray Dennison Buick GMC / Car Dealer / Car Finance And Loan Company

    Property Details for 2220 8th St

    Year built
    1977
    Lot size
    3.24 lot acres
    Property size
    3,840 SF
    Property type
    Gas stations
    APN
    04-04-23-300-007
    APU
    40423300007

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,360,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,800,000
      6.5%
      $1,685,000
      7%
      $1,705,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,005,000
      Geo Method
      $1,640,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,715,000
      Retail
      $1,770,000
      Mixed-Use
      $2,100,000
      Hospitality
      $1,625,000
      Educational
      $1,750,000
      Residential Income
      $2,160,000
      Energy
      $2,075,000
      Income-Based Land
      $1,720,000
      Food Service
      $1,915,000

    Location Insight

    • Map
    • Local Demand
    City
    Pekin
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.638
    Latitude
    40.5984
    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
    $44,125
    $76,480
    $427,070
    $503,550
    -
    $229,440
    $1,281,210
    $1,510,650

    Comparable in this City

    • Value Estimation
      $145,000
      6,800 SF

      680 Radio City Dr

      SERVICE STATION (FULL SERVICE) • 6,800 SF
      680 Radio City Dr, Pekin, IL 61554-1580
      View Details
    • Value Estimation
      $200,000
      6,240 SF

      1125 Derby St

      SERVICE STATION (FULL SERVICE) • 6,240 SF
      1125 Derby St, Pekin, IL 61554-5853
      View Details
    • Value Estimation
      $60,000
      1,594 SF

      710 5th St

      SERVICE STATION (FULL SERVICE) • 1,594 SF
      710 5th St, Pekin, IL 61554-3318
      View Details
    • Value Estimation
      $130,000
      1,209 SF

      1400 Broadway St

      SERVICE STATION (FULL SERVICE) • 1,209 SF
      1400 Broadway St, Pekin, IL 61554-3879
      View Details
    • Value Estimation
      $95,000
      1,450 SF

      280 Derby St

      SERVICE STATION (FULL SERVICE) • 1,450 SF
      280 Derby St, Pekin, IL 61554-5650
      View Details
    • Value Estimation by Request
      12,605 SF

      135 Sapp St

      SERVICE STATION (FULL SERVICE) • 12,605 SF
      135 Sapp St, Pekin, IL 61554
      View Details

    Similar Nearby for Sale

    • $1,500,000
      33.13 Acres

      Pekin Sports & Event Center

      33-Acre Complex, $1.5M
      3401 Griffin Ave, Pekin, IL 61554
      View Details
    • $99,900
      2,000 SF

      Pekin Industrial Flex Space

      $99,900 - 2,000 SF Flex Space
      206 Derby St, Pekin, IL 61554
      View Details
    • New
      $139,900

      Freestanding Commercial Building in Pekin

      3240 sq ft building with open space and parking.
      320 Derby St, Pekin, IL 61554
      View Details
    • $1,399,000
      31,556 SF

      Pekin, IL Multi-Tenant Retail Investment

      High-yield retail portfolio; strong tenant base.
      215 Mechanic St, Pekin, IL 61554
      View Details
    • $219,000

      Pekin Corner Lot with Visibility

      Corner lot with B-3 zoning and rental income.
      910 Derby St, Pekin, IL 61554
      View Details
    • $1,685,000

      Retail Center with Income Potential

      Neighborhood retail center with national tenants and lease upside.
      1003 Derby St, Pekin, IL 61554
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      900 SF

      Pekin Retail Space Available

      Retail space available for rent in Pekin, Illinois.
      505-539 S Parkway Dr, Pekin, IL 61554
      View Details
    • $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
    • $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
    • $6 SF/Yr
      8,400 SF

      Pekin, IL Commercial Land & Building

      8,400 SF Commercial Space, 50 Parking Spots
      3010 Court St, Pekin, IL 61554
      View Details
    • $9 SF/Yr
      11,650 SF

      Pekin, IL Office Space Available

      Downtown Pekin office suites, multiple sizes.
      200 2Nd 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
      View Details
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    Pekin, IL 61554-1543
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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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