405 Ct St, Pekin, IL 61554-3235
This exceptional 4,850 square foot commercial property, located at 405 Court Street in Pekin, Illinois, presents a unique investment opportunity. Built in 1900 and extensively renovated in 2011, this two-story building seamlessly blends historic character with modern amenities. The property features separate entrances for each floor, providing flexibility for various uses. A key advantage is the inclusion of a handicap-accessible bathroom and ramp, enhancing accessibility. A full basement offers ample storage space. Zoned B3, this versatile space is ideally situated near the Tazewell County Courthouse, making it highly attractive for a range of businesses. The building sits on a 2,375 square foot lot. Currently vacant, this single-unit property offers immediate occupancy. The asking price is $219,900. Potential for creative financing options is available. This is a rare chance to acquire a beautifully remodeled downtown commercial space with significant historical significance and modern functionality. The property's prime location and adaptable design make it an excellent investment for discerning buyers. The building's strong structural integrity and recent renovations ensure a low-maintenance ownership experience. Don't miss this opportunity to own a piece of Pekin's history.
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353 Court LLC General Contractor
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
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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.