211 Capitol StPekin, IL 61554

Property Details for 211 Capitol St

Year built

1965

Lot size

0.54 AC

Property size (Sq ft)

8,651 SF

Property type

Retail properties

Property subtype

Other car washes

APN

04-04-34-420-003

APU

40434420003

Description

This exceptional commercial property at 211 Capitol Street, Pekin, Illinois presents a rare investment opportunity. The 8,651 square foot building sits on a sizable 1.03-acre lot and houses a thriving, established car detailing and car wash center. This business enjoys a significant advantage as the only full-service car wash in Tazewell County, ensuring a substantial and consistent customer base. The property's extensive commercial client book provides a strong foundation for continued success and profitability. Detailed financial information is available upon execution of a confidentiality agreement, allowing prospective buyers to thoroughly assess the business's performance and potential. The property's location on Capitol Street in Pekin offers excellent visibility and accessibility, contributing to its strong market position. This turnkey operation presents a unique chance to acquire a well-established, profitable business with significant growth potential in a desirable market. The substantial lot size also offers potential for future expansion or development, adding further value to this already impressive offering. Serious inquiries are encouraged to explore this exceptional investment opportunity. Contact us today to learn more and schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $3,402,317

  6.5%

  $3,140,600

  7%

  $2,916,272

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,699,568

  Geo Method

  $1,699,568

• Alternative Use

  Use

  Valuation

  Residential

  $2,649,214

  Hospitality

  $2,426,666

  Educational

  $2,018,957

  Medical

  $2,088,392

  Retail

  $3,140,600

Location Insight

City

Pekin

County

Tazewell

State

Illinois

Latitude

40.5719

Longitude

-89.6479

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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