845 Broadway St Pekin, IL 61554-4702
Property profile & analytics
845 Broadway St Pekin, IL 61554-4702
- Retail space
- 10,640 SF
- 1.36 lot acres
Property ID
US28-4215536
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.
Location Intelligence
Current Use by Public Records
- Dollar General / Discount Store
- Western Union / Bank / Credit Union
Property Details for 845 Broadway St
- Year built
- 2014
- Lot size
- 1.36 lot acres
- Property size
- 10,640 SF
- Property type
- Retail space
- APN
- 04-04-35-363-004
- APU
- 40435363004
Description
This exceptional investment opportunity presents a 10,566 square foot Dollar General store located at 845 Broadway St, Pekin, IL 61554, in Tazewell County. Built in 2014 on a 1.36-acre lot, this single-story building boasts 100% occupancy with a strong, investment-grade corporate guarantee from Dollar General. The property features an absolute NNN lease structure, eliminating management responsibilities and providing long-term passive income. The current lease has five years remaining, with three, five-year renewal options. The asking price is $1,334,661, representing an attractive 8% cap rate and a net operating income (NOI) of $106,773. This location is strategically positioned in Pekin, the largest city in Tazewell County, with a population of approximately 40,959 within a 5-mile radius and is approximately 10 miles south of Peoria, IL, which has a population of approximately 120,819. In July 2024, this specific Dollar General store ranked in the top 84th percentile in Illinois (108/676 locations) according to AlphaMaps data. Dollar General's strong financial performance, including a BBB (S&P) credit rating and a market cap of approximately $20 billion, further solidifies this investment's stability and potential for long-term growth. This is a rare opportunity to acquire a high-performing, low-maintenance retail asset with a proven track record of success.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,300,000
- ML approach
- $1,320,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,675,000
- 6.5%
- $1,545,000
- 7%
- $1,435,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $780,000
- AI Estimate
- $1,185,000
Market price range: $260k - $780kMarket price range: $314k - $1.19M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $1,885,000
- AUTO REPAIR, GARAGE
- $905,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Pekin
- County
- Tazewell
- State
- Illinois
- Longitude
- -89.6399
- Latitude
- 40.5683
- 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
$26,157
$74,640
$210,870
$285,510
-
$223,920
$632,610
$856,530
