3465 Court StPekin, IL 61554

Property Details for 3465 Court St

Year built

1991

Lot size

15.36 AC

Property size (Sq ft)

92,598 SF

Property type

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.

• CAP approach

  CAP return

  Valuation

  6%

  $28,480,400

  6.5%

  $26,289,600

  7%

  $24,411,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,507,700

  Geo Method

  $7,507,700

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $51,416,700

  Mixed-Use / Specialty

  $26,135,400

  Hospitality / Lodging

  $19,096,000

  Office

  $25,917,200

  Institutional / Educational

  $27,148,700

  Residential Income

  $31,764,000

  Multifamily

  $38,431,000

  Automotive / Energy

  $23,270,300

  Parking / Income-Based Land

  $8,090,000

  Restaurant / Food Service

  $13,464,300

  Healthcare / Senior Housing

  $26,863,300

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

FAQs

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