505 S Parkway Dr Pekin, IL 61554
This exceptional retail opportunity presents itself at Parkway Plaza Shopping Center, located at 505-539 S Parkway Dr, Pekin, IL 61554. This single-story, Class B shopping center boasts a total of 11,400 square feet across ten suites, situated on a prominent corner lot at the intersection of S. Parkway Drive and Court Street in Tazewell County. Currently, there are 5,280 square feet of vacant space available, offering flexible lease options ranging from a minimum of 900 square feet to a maximum contiguous space of 3,000 square feet. The property features ample parking with 57 spaces available for customers and tenants. The high-traffic location provides excellent visibility, with S. Parkway Drive experiencing 11,400 cars per day and Court Street seeing 21,900 cars per day. This makes Parkway Plaza an ideal location for a variety of retail or office businesses seeking high exposure and convenient access for their clientele. The property's one-story design and multiple suite options provide versatility for businesses of various sizes. Invest in a prime retail location in a thriving community. Contact us today to learn more about the available spaces and lease terms.
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Smokers Paradise (Bike/Boat/Book/etc) Store
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
Similar Nearby for Lease
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.