For Sale
$1,500,000

3401 Griffin Ave Pekin, IL 61554

33-Acre Complex, $1.5M

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 33.13-acre property in Pekin, Illinois, presents a unique investment opportunity. The site boasts an 8,348 square foot event center, complete with a 3,000 square foot banquet room accommodating up to 250 guests and a fully equipped commercial kitchen. Four baseball fields with dugouts, concessions, and ample restrooms are also included. The property features a sprinkler system and substantial infrastructure, including the concrete perimeter walls of a previously existing 86,597 square foot event dome. The B3 zoning allows for diverse uses. The building is single-story, renovated in 2004. This turnkey operation is priced at $1,500,000, or $179.68 per square foot. An adjacent 11.03-acre parcel is available separately, offering potential for expansion to a total of 44.16 acres. The location benefits from recent nearby developments, including hotels and a gym, suggesting strong growth potential. This property is ideal for an entrepreneur seeking a thriving sports and entertainment venue or a developer looking to capitalize on the existing infrastructure and prime location. The property is located at 3401 Griffin Ave, Pekin, IL 61554, in Tazewell County.

Highlights

  • 33.13-acre property with an 8,348 SF event center in Pekin, IL.
  • Event center includes a 3,000 SF banquet room (250+ capacity) and a fully equipped commercial kitchen.
  • Four baseball fields with dugouts, concessions, and restrooms.
  • Existing infrastructure includes the concrete foundation of a former 86,597 SF dome.
  • B3 zoning allows for diverse uses.
  • Adjacent 11.03-acre parcel available for expansion.

Property Details for 3401 Griffin Ave

Property type
Specialty properties, Retail properties
Square Feet
8,348 SF
Year Renovated
2004
Buildings
1
Stories
1
Lot Size (sq. ft)
1,443,143 SF

Location Insight

City
Pekin
County
Tazewell
State
Illinois
Latitude
40.549064570759
Longitude
-89.598306699627

FAQs

What type of property is this?
Specialty property - 33-Acre Complex, $1.5M
Where is the specialty property located?
The property is located at 3401 Griffin Ave Pekin, IL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 33.13-acre property with an 8,348 SF event center in Pekin, IL.; Event center includes a 3,000 SF banquet room (250+ capacity) and a fully equipped commercial kitchen.; Four baseball fields with dugouts, concessions, and restrooms.
How can I contact the broker?
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3401 Griffin Ave
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