Property summary
This exceptional commercial property presents a unique investment opportunity in the thriving town of Pekin, Indiana. Strategically located at a high-traffic intersection on a sizable 1.54-acre corner lot, this property boasts three individual lots, offering significant flexibility and potential for expansion. The main commercial building is equipped with three-phase electric service, ensuring ample power for a variety of businesses. The building also features forced-air propane heat and central air conditioning, providing comfortable year-round climate control. A substantial metal addition extends from the rear of the main structure, adding valuable extra space. Beyond the building itself, a vacant lot provides ample room for parking, a significant advantage in a high-traffic area. The combination of prime location, substantial lot size, existing building infrastructure, and ample parking makes this property an ideal investment for entrepreneurs and business owners seeking a strong foothold in a busy commercial area. The property's versatility allows for a wide range of potential uses, making it an attractive option for various business ventures. This is a rare opportunity to acquire a well-situated commercial property with significant development potential in a desirable location. Don't miss out on this chance to secure a valuable asset in a growing market.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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- Alternative use
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