335 Court St, Pekin, IL 61554
This 1910 building at 335 Court Street in Pekin, Illinois, presents a unique investment opportunity. Located in the heart of downtown, this property boasts a prime location, just steps from the planned 80,000 square foot expansion of the Tazewell County Justice Center, slated for completion by 2027. The building itself offers 1,960 square feet of main floor space, complemented by additional square footage upstairs, providing ample room for a variety of commercial or flex uses. The property is classified as Commercial, Flex, and Other, offering versatility for potential buyers. A significant advantage is the large city-owned parking lot directly behind the building, ensuring convenient parking for clients and customers. The asking price for this land and building is $49,900. The property's address is 335 Court Street, Pekin, IL 61554. This is a rare chance to acquire a well-situated commercial property in a growing area of Tazewell County. The property's location near the expanding Justice Center promises increased foot traffic and visibility, making it an attractive investment for businesses seeking a strong presence in the Pekin community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.