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    Property profile & analytics
    FOR SALE
    Super regional malls

    3424 Court St B, Pekin, IL 61554

    304,981 SF 35.99 ac lot Built 1973
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US28-2808495
    3424 Court St,Unit B, Pekin, IL 61554 For Sale
    $248,292 304,981 SF
    3424 Court St,Unit B, Pekin, IL 61554
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    Property summary
    AI-generated overview

    This exceptional 0.97-acre commercial property located at 3424 Court Street Unit B, Pekin, Illinois, presents a unique investment opportunity. The property is classified as General Commercial and offers significant potential for redevelopment or expansion. The expansive lot size provides ample space for a variety of commercial ventures, allowing for substantial building footprint or ample parking. The address, 3424 Court Street Unit B, ensures excellent visibility and accessibility, making it an attractive location for businesses seeking high traffic exposure. The property is priced competitively at $422,532, reflecting its considerable potential. While the square footage of the existing structure is not currently specified, the substantial lot size allows for significant flexibility in development plans. This property is a blank canvas for entrepreneurs and investors looking to establish a strong presence in the thriving Pekin market. Its strategic location and generous land area make it an exceptional opportunity to build a thriving business or create a valuable investment portfolio addition. Serious inquiries are encouraged to explore the possibilities this property offers. The property is ready for its next chapter, and the possibilities are endless. Contact us today to schedule a viewing and begin planning your future in this dynamic location.

    Property profile
    Verified
    Property type Super regional malls
    Use group REGIONAL SHOPPING CENTER, MALL
    Year built 1973
    Total area 304,981 SF
    Lot 35.99 ac (1,567,724 SF)
    APN 11-11-07-307-025
    UPID US28-2808495
    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
    • Hobby Lobby (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $24.90M
    Owner & transaction history
    Ross Dress For Less INC · 1 yrs held
    Ross Dress For Less INC
    since 2025
    7 recorded transactions
    2025
    2025
    2024
    2021
    $450,000
    2011
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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