372 Vincennes Trl Pekin, IN 47165-8690
This exceptional 1,708 square foot retail property, located at 372 W Vincennes Trail in Pekin, Indiana, presents a unique investment opportunity. Situated on a 1.07-acre lot, this property boasts an impressive 180 feet of frontage along Highway 135, ensuring high visibility and accessibility for potential customers. The building previously operated as a gas station, featuring a bathroom with a stall and sink, and an exhaust system in the kitchen area. While the building currently lacks heating and air conditioning, it is fully equipped with electric service. Importantly, all underground storage tanks (8,000-gallon, 6,000-gallon, 1,000-gallon off-road, 1,000-gallon on-road, and 1,000-gallon kerosene tanks) have been professionally removed, eliminating environmental concerns and paving the way for a variety of commercial uses. The strategic location and ample road frontage make this property ideal for a diverse range of businesses seeking high traffic exposure. This is a rare opportunity to acquire a well-positioned commercial property with significant development potential in a growing area. The asking price is $149,900. Don't miss this chance to secure a prime retail location with excellent highway visibility.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.