611 Margaret StPekin, IL 61554

Property Details for 611 Margaret St

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional 4,280 square foot commercial property at 611 Margaret Street presents a unique opportunity in the heart of the city. The flexible space is ideal for a variety of uses, easily adaptable to single or multi-tenant occupancy. Currently configured as a single-tenant building, it boasts a versatile layout with the potential for diverse configurations. The property includes a significant advantage with up to 17 parking spaces, a rarity in this desirable downtown location. A notable feature is a two-stall attached garage, adding further convenience and security. Privacy is ensured by fencing surrounding a courtyard area, offering ample possibilities for outdoor use. The building's upper level previously housed two apartments, suggesting potential for residential conversion or expansion of existing office space, subject to zoning regulations (OS-1). Recent improvements include a new roof, gutters, and exterior paint completed in 2021, demonstrating the property's well-maintained condition. This is a truly rare find, combining prime downtown location with ample parking and flexible space. The property is zoned OS-1 and has a single building with one suite. The APN is 04-04-35-333-010.

Location Insight

City

Pekin

County

Tazewell

State

Illinois

Latitude

40.5688

Longitude

-89.643

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