715 11Th StPekin, IL 61554

Property Details for 715 11Th St

Year built

1967

Lot size

1.17 AC

Property size (Sq ft)

9,130 SF

Property type

Specialty properties

APN

04-04-35-353-012

APU

40435353012

Description

This 7,200 square foot single-story commercial warehouse in Pekin, Illinois, presents a remarkable opportunity for diverse business ventures. Located at 715 11TH Street, 61554, this established property boasts a spacious main room ideal for retail, events, or office use. A fully equipped bar area, complete with a walk-in cooler and separate entrance, adds significant versatility. The property also includes a substantial 26' x 18' kitchen featuring a gas stove, grill, fryers, a hood fan, ample refrigeration, sinks, cabinets, and countertops. A private manager's office ensures efficient workflow, while abundant storage space caters to various business needs. The building is well-maintained, featuring a 2-year-old roof and three updated HVAC systems. Ample parking is available for customers and clients. This property's adaptable layout and comprehensive amenities make it an exceptional investment for entrepreneurs seeking to establish or expand their business in a thriving Pekin neighborhood. The property is priced at $199,900.

• CAP approach

  CAP return

  Valuation

  6%

  $2,768,340

  6.5%

  $2,555,390

  7%

  $2,372,860

• Comparable approach

  Method

  Valuation

  Relative Method

  $711,775

  Geo Method

  $711,775

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,069,600

  Retail / Commercial

  $2,592,100

  Mixed-Use / Specialty

  $2,576,910

  Hospitality / Lodging

  $1,882,840

  Office

  $2,555,390

  Institutional / Educational

  $2,676,810

  Residential Income

  $3,131,870

  Multifamily

  $3,789,230

  Automotive / Energy

  $2,294,410

  Parking / Income-Based Land

  $797,660

  Restaurant / Food Service

  $1,327,550

  Healthcare / Senior Housing

  $2,648,680

Location Insight

City

Pekin

County

Tazewell

State

Illinois

Latitude

40.5726

Longitude

-89.6367

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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