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    Property profile & analytics
    OFF-MARKET Estimated value $3,455,000
    Strip malls

    3245 Ct St, Pekin, IL 61554-6208

    63,217 SF 7.15 ac lot Built 1981
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US28-5807420
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 3245 Court Street in Pekin, Illinois, presents a unique opportunity for businesses seeking prime retail or office space. The property boasts a total of 63,217 square feet across a single, two-story building constructed in 1981. The building is zoned B3 and comprises five individual suites, ranging in size from 800 to 3,300 square feet, offering flexibility for various business needs. Currently, there are five available spaces for lease. The property benefits from its strategic location on a highly developed commercial corridor, ensuring high visibility and significant foot traffic. This thriving retail center is anchored by established national and state operators, including Planet Fitness, Goodwill, and NuEra, creating a strong and desirable commercial environment. The property features ample parking for tenants and customers, enhancing convenience and accessibility. All units offer excellent visibility from Court Street, with no obstructing outlot developments. The competitive leasing rates make this an attractive investment opportunity in a successful and established commercial area within Tazewell County. The property's multiple suite configuration is ideal for a variety of businesses seeking a prominent location in a busy commercial district.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1981
    Total area 63,217 SF
    Lot 7.15 ac (311,454 SF)
    APN 11-11-07-108-014
    UPID US28-5807420
    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
    • Goodwill Discount Store
    • BDJ Chimney Cleaning & Fireplaces Pekin General Contractor Renovation Specialist
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $3.35M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $3.46M
    Owner & transaction history
    Thirty Two Pekin LLC · 4 yrs held
    Thirty Two Pekin LLC
    since 2021
    Last sale
    $3.6M
    7 recorded transactions
    2021
    $3.6M
    2017
    2009
    $2.3M
    2008
    2006
    2006
    $1.2M
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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