405 Court StPekin, IL 61554

Property Details for 405 Court St

Year built

1900

Lot size

0.05 AC

Property size (Sq ft)

2,425 SF

Property type

Retail space

APN

04-04-34-435-004

APU

40434435004

Description

This exceptional 4,850 square foot commercial property, located at 405 Court Street in Pekin, Illinois, presents a unique investment opportunity. Built in 1900 and extensively renovated in 2011, this two-story building seamlessly blends historic character with modern amenities. The property features separate entrances for each floor, providing flexibility for various uses. A key advantage is the inclusion of a handicap-accessible bathroom and ramp, enhancing accessibility. A full basement offers ample storage space. Zoned B3, this versatile space is ideally situated near the Tazewell County Courthouse, making it highly attractive for a range of businesses. The building sits on a 2,375 square foot lot. Currently vacant, this single-unit property offers immediate occupancy. The asking price is $219,900. Potential for creative financing options is available. This is a rare chance to acquire a beautifully remodeled downtown commercial space with significant historical significance and modern functionality. The property's prime location and adaptable design make it an excellent investment for discerning buyers. The building's strong structural integrity and recent renovations ensure a low-maintenance ownership experience. Don't miss this opportunity to own a piece of Pekin's history.

• CAP approach

  CAP return

  Valuation

  6%

  $953,718

  6.5%

  $880,356

  7%

  $817,473

• Comparable approach

  Method

  Valuation

  Relative Method

  $476,414

  Geo Method

  $476,414

• Alternative Use

  Use

  Valuation

  Residential

  $742,613

  Hospitality

  $680,229

  Educational

  $565,943

  Medical

  $585,406

  Retail

  $880,356

Location Insight

City

Pekin

County

Tazewell

State

Illinois

Latitude

40.5694

Longitude

-89.6464

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].