1805 Riverway DrPekin, IL 61554

Property Details for 1805 Riverway Dr

Year built

1994

Lot size

3.68 AC

Property size (Sq ft)

40,558 SF

Property type

Industrial properties

Property subtype

Flex space

APN

10-10-10-100-053

APU

101010100053

Description

This vacant 40,558-square-foot flex building in Pekin, Illinois, presents a compelling investment opportunity. Situated on a 3.68-acre lot, the property features a dry, open warehouse with office space and boasts ceiling heights ranging from 15 to 18 feet. Recent updates within the last five years include the installation of multiple 2-ton to 12-ton HVAC units, many still under warranty. The building is conveniently located off Route 29 (S. 2nd Street), within an established industrial/flex area near the Pekin Park District Sports Complex. Nearby businesses include Excalibur Seasoning, Amerhart, DCX-Chol Enterprise, KMI Packaging & Exporting, Winpak of Pekin, and Johnson HVAC. The asking price is $3,150,000, translating to $77.67 per square foot. The property is located in the Enterprise Zone South, and additional acreage may be available. This well-maintained facility offers significant potential for a variety of industrial and flex uses. The property's strategic location and recent upgrades make it an attractive option for businesses seeking efficient and modern warehouse and office space in a thriving industrial area.

Location Insight

City

Pekin

County

Tazewell

State

Illinois

Latitude

40.5486

Longitude

-89.6608

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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