320 Derby St Pekin, IL 61554-5653
Property profile & analytics
320 Derby St Pekin, IL 61554-5653
- Specialty properties
- 3,240 SF
- 0.29 lot acres
Property ID
US28-5720969
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.
Location Intelligence
Current Use by Public Records
- Elks Lodge https://www.facebook.com/PekinElks1271 / Volunteer Organization / Community Center
Property Details for 320 Derby St
- Year built
- 1960
- Lot size
- 0.29 lot acres
- Property size
- 3,240 SF
- Property type
- Specialty properties
- APN
- 04-10-03-417-012
- APU
- 41003417012
Description
This exceptional mixed-use property, located at 320 Derby Street in Pekin, Illinois, presents a unique investment opportunity. The 3,240 square foot building sits on a 0.29-acre lot and is zoned B3, offering versatility for a variety of uses. Currently configured as a bar and restaurant, the space features a partially renovated kitchen and walk-in cooler, ready for a final touch. The building boasts a poured concrete parking lot, a steel roof, and steel siding. High-quality craftsmanship is evident in the custom ceramic tile bathroom and bar area. Significant upgrades have been completed, including updated electrical, plumbing, and HVAC systems, along with energy-efficient spray foam insulation. This single-story, Class B building offers one unit within a single building. The asking price is $179,900, translating to $55.52 per square foot. Its prime location on Derby Street makes it an ideal spot for a thriving business. The property's features and location combine to create a compelling investment opportunity in the vibrant Pekin market. This turnkey property is ready for immediate occupancy and offers significant potential for return on investment. The existing infrastructure and recent improvements minimize upfront costs, allowing for a quick start to operations. The ample parking and strategic location ensure high visibility and accessibility for customers. This is a rare opportunity to acquire a well-maintained, updated commercial property in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Pekin
- County
- Tazewell
- State
- Illinois
- Longitude
- -89.65
- Latitude
- 40.5563
- 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
$496
$9,940
$32,120
$42,060
-
$29,820
$96,360
$126,180
