3216 Veterans Dr, Pekin, IL 61554-9315
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.
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BridgeWay Community Church Church
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Chatham Plumbing Plumbing Service General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.