Technical
Financial
Distress signals
Property profile

456 State Rd 60 Pekin, IN 47165

OFF-MARKET
Warehouses
Property ID
US31-1568735
2,340 SF 0.61 ac lot Built 1940
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Warehouses
Use group STORAGE YARD, OPEN STORAGE
Year built 1940
Construction WOOD
Total area 2,340 SF
Lot 0.61 ac (26,441 SF)
APN 88-14-24-444-035.000-014
UPID US31-1568735

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

456 State Rd 60 Pekin, IN 47165
Pekin metro Census 967701 LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
$185k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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