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    Property profile & analytics

    490 State Rd 60 Pekin, IN 47165-7928

    • Commercial real estate
    • 8,400 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 11, 2022
    Location Intelligence
    Property ID
    US31-2147948
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 490 State Rd 60

    Year built
    1990
    Construction
    WOOD
    Lot size
    0.52 lot acres
    Property size
    8,400 SF
    Property type
    Commercial real estate
    APN
    88-14-25-111-002.000-014
    APU
    881425111002000014

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pekin
    County
    Washington
    State
    Indiana
    Longitude
    -86.0138
    Latitude
    38.5013
    CBSA code
    31140
    CBSA name
    LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,328
    $15,400
    $40,700
    $56,100
    -
    $15,400
    $40,700
    $56,100

    Comparable in this City

    • Value Estimation by Request
      5.00 Acres

      5703 Old Pekin Rd

      COMMERCIAL (GENERAL) • 5.00 Acres
      5703 Old Pekin Rd, Pekin, IN 47165-7186
      View Details
    • Value Estimation by Request
      0.18 Acres

      Side Of State Rd

      COMMERCIAL (GENERAL) • 0.18 Acres
      Side Of State Rd, Pekin, IN 47165
      View Details
    • Value Estimation
      $395,000
      2,128 SF

      5688 Old Pekin Rd

      COMMERCIAL (GENERAL) • 2,128 SF
      5688 Old Pekin Rd, Pekin, IN 47165-7185
      View Details
    • Value Estimation
      $355,000
      8,756 SF

      323 State Rd 60

      COMMERCIAL (GENERAL) • 8,756 SF
      323 State Rd 60, Pekin, IN 47165
      View Details
    • Value Estimation by Request
      12.00 Acres

      Blue Riv Rd Side Of

      COMMERCIAL (GENERAL) • 12.00 Acres
      Blue Riv Rd Side Of, Pekin, IN 47165
      View Details
    • Value Estimation by Request
      0.15 Acres

      4862 State Rd 60

      COMMERCIAL (GENERAL) • 0.15 Acres
      4862 State Rd 60, Pekin, IN 47165-7218
      View Details

    Similar Nearby for Sale

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      Prime Pekin Business Opportunity

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    • Contact for pricing
      0.25 Acres

      High-Visibility Pekin Office Building

      Prime location, 2380 sq ft, high traffic.
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    • $200,000
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    Pekin, IN 47165-7928
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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