3465 Court StPekin, IL 61554
- Retail properties
- 92,598 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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