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    Property profile & analytics
    OFF-MARKET Estimated value $750,000
    Retail space

    3216 Veterans Dr, Pekin, IL 61554-9315

    12,936 SF 1.04 ac lot Built 1994
    Entity Owned 14-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US28-1740880
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 3216 VETERANS Drive in Pekin, Illinois, presents a unique investment opportunity. Priced at $999,000, this versatile building boasts a prime location near one of Tazewell County's busiest intersections, ensuring high visibility and accessibility. The property is currently used as a church with seating for over 250 people, demonstrating its substantial capacity. However, its adaptable design makes it suitable for a variety of commercial uses, including retail, office, or light industrial applications. The building features a convenient rear roll-up door, ideal for loading and unloading, and ample electrical capacity to meet the demands of various commercial operations. Previous use as a retail shop further underscores its adaptability. The property also includes a significant advantage: 54 parking spaces, providing ample accommodation for customers, employees, or congregants. This well-maintained building offers a rare blend of location, size, and versatility, making it an attractive prospect for discerning investors seeking a strong return on investment in a thriving Illinois market. The property is zoned for commercial use and is situated in Tazewell County, Illinois, with a zip code of 61554.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1994
    Total area 12,936 SF
    Lot 1.04 ac (45,302 SF)
    APN 11-11-07-400-014
    UPID US28-1740880
    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
    • BridgeWay Community Church Church
    • Chatham Plumbing Plumbing Service General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $640k
    Blend (final) Blend
    $750k
    Owner & transaction history
    Bridgeway Community Church Of The N · 14 yrs held
    Bridgeway Community Church Of The N
    since 2012
    3 recorded transactions
    2012
    2007
    $956,500
    2006
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $1.1M +71.4%
    Restaurant $915,000 +42.8%
    Commercial (general) $890,000 +38.9%
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