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    Property profile & analytics

    613 Derby St Pekin, IL 61554-5712

    • Turn key restaurants
    • 3,800 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    $245,000
    Last Sale
    Feb 12, 2025
    $250,000
    Location Intelligence
    Property ID
    US28-1640582
    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

    • Ernie's Family Restaurant / Family Restaurant / Breakfast Restaurant

    Property Details for 613 Derby St

    Year built
    1950
    Lot size
    0.13 lot acres
    Property size
    3,800 SF
    Property type
    Turn key restaurants
    APN
    04-10-02-313-018
    APU
    41002313018

    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
    Tazewell
    State
    Illinois
    Longitude
    -89.6437
    Latitude
    40.5567
    CBSA code
    37900
    CBSA name
    PEORIA, IL 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
    $4,464
    $4,410
    $44,320
    $48,730
    -
    $13,230
    $132,960
    $146,190

    Comparable in this City

    • Value Estimation by Request
      9,548 SF

      901 Chateau Dr

      RESTAURANT • 9,548 SF
      901 Chateau Dr, Pekin, IL 61554-1595
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    • Value Estimation
      $215,000
      816 SF

      1434 8th St

      RESTAURANT • 816 SF
      1434 8th St, Pekin, IL 61554-2103
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    • Value Estimation by Request
      2,400 SF

      225 Derby St

      RESTAURANT • 2,400 SF
      225 Derby St, Pekin, IL 61554
      View Details
    • Value Estimation
      $345,000
      1,801 SF

      1534 8th St

      RESTAURANT • 1,801 SF
      1534 8th St, Pekin, IL 61554-2105
      View Details
    • Value Estimation
      $285,000
      2,212 SF

      404 Ct St

      RESTAURANT • 2,212 SF
      404 Ct St, Pekin, IL 61554-3201
      View Details
    • Value Estimation
      $285,000
      4,501 SF

      3504 Ct St

      RESTAURANT • 4,501 SF
      3504 Ct St, Pekin, IL 61554-6211
      View Details

    Similar Nearby for Sale

    • $2,736,360
      3,500 SF

      New Chipotle Redevelopment For Sale

      New 2025 Chipotle redevelopment with 15-year net lease.
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    • $1,500,000
      33.13 Acres

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    • $99,900
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      Pekin Industrial Flex Space

      $99,900 - 2,000 SF Flex Space
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    • New
      $139,900

      Freestanding Commercial Building in Pekin

      3240 sq ft building with open space and parking.
      320 Derby St, Pekin, IL 61554
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    • $1,685,000

      Retail Center with Income Potential

      Neighborhood retail center with national tenants and lease upside.
      1003 Derby St, Pekin, IL 61554
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    • $1,399,000
      31,556 SF

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    Similar Nearby for Lease

    • $14 SF/Yr
      1,200 SF

      Retail Space in North Pekin

      1,200 SF retail space in high-traffic area.
      3552-3560 Court St, Pekin, IL 61554
      View Details
    • $1,250 /Mo
      1,200 SF

      Retail Unit in Pekin

      1,200 SF retail unit available for rent.
      3293-3299 Court St, Pekin, IL 61554
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    • $12 SF/Yr
      1,400 SF

      Retail Space on Court Street

      Retail space with open floor plan and natural light.
      2125-2133 Court St, Pekin, IL 61554
      View Details
    • $12 SF/Yr
      3,300 SF

      Retail Space in High Traffic Center

      Retail spaces available in Pekin's busy commercial corridor.
      3245 Court St, Pekin, IL 61554
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    • $6 SF/Yr
      8,400 SF

      Pekin, IL Commercial Land & Building

      8,400 SF Commercial Space, 50 Parking Spots
      3010 Court St, Pekin, IL 61554
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    • $9 SF/Yr
      11,650 SF

      Pekin, IL Office Space Available

      Downtown Pekin office suites, multiple sizes.
      200 2Nd St, Pekin, IL 61554
      View Details
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    613 Derby St
    Pekin, IL 61554-5712
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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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