3465 Court StPekin, IL 61554

  • Retail properties
  • 92,598 SF
For Sale

Property Details for 3465 Court St

Year built
1991
Lot size
15.36 AC
Property size (Sq ft)
92,598 SF
Property type
Retail properties
Property subtype
Retail space
APN
11-11-07-308-012
APU
111107308012

Description

This exceptional 2.65-acre commercial property, located at 3465 Court Street Unit 6 in Pekin, Illinois, presents a unique investment opportunity. The expansive lot offers significant potential for a variety of commercial ventures, providing ample space for construction or redevelopment. Its strategic location within Pekin offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in the area. The property is classified as General Commercial, allowing for a wide range of potential uses, subject to local zoning regulations. The asking price for this substantial land parcel is $1,154,340. Given the size and location, this property represents a compelling investment opportunity for developers and entrepreneurs looking to establish a significant commercial presence in a thriving Illinois market. Detailed site plans and zoning information are readily available upon request. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property's address is clearly identified as 3465 Court Street Unit 6, Pekin, IL. Prospective buyers are advised to conduct their own due diligence regarding zoning and permitted uses. This is a rare opportunity to acquire a large commercial parcel in a desirable location. Don't miss out on this chance to secure a prime piece of Pekin real estate.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $36,417,492
    6.5%
    $33,616,148
    7%
    $31,214,994
  • Comparable approach

    Method
    Valuation
    Relative Method
    $18,191,730
    Geo Method
    $18,191,730
  • Alternative Use

    Use
    Valuation
    Residential
    $28,356,478
    Hospitality
    $25,974,382
    Educational
    $21,610,380
    Medical
    $22,353,594
    Retail
    $33,616,148
3465 Court St, Pekin, Illinois

Location Insight

City
Pekin
County
Tazewell
State
Illinois
Latitude
40.5456
Longitude
-89.5974
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
$97,079
$177,050
$866,300
$1,043,350
-
$531,150
$2,598,900
$3,130,050

FAQs

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