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    OFF-MARKET
    Retail space

    359 Ct St, Pekin, IL 61554-3234

    4,146 SF 0.11 ac lot Built 1910
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US28-0861450
    Property summary
    AI-generated overview

    This exceptional 12,213 square foot commercial property, located at 359 Court Street in the heart of downtown Pekin, Illinois, presents a spectacular investment opportunity. The building, a charming historic structure situated near the courthouse, offers approximately 4,000 square feet on both the main and upper floors, providing ample space for a variety of businesses. The electrical system was updated in 2010, and the roof liner, featuring a fiber base with spray-on coating, was also replaced in 2010. A significant advantage is the non-load-bearing walls between rooms, allowing for flexible space planning and the creation of larger, open areas to suit specific business needs. The property includes a fully installed fire suppression system, ensuring safety and peace of mind. To further enhance the property, the seller is offering a $10,000 rebate towards bathroom upgrades. This is a rare chance to acquire a substantial, well-maintained commercial building in a prime downtown location with significant upside potential. The property sits on a 0-acre lot.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1910
    Total area 4,146 SF
    Lot 0.11 ac (4,792 SF)
    APN 04-04-34-434-015
    UPID US28-0861450
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Bracts LLC · 1 yrs held
    Bracts LLC
    since 2025
    Last sale
    $297,000
    7 recorded transactions
    2025
    $297,000
    2016
    2010
    $92,500
    1969
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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