46 State Road 60Pekin, IN 47165

Property Details for 46 State Road 60

Year built

1972

Construction

WOOD

Lot size

0.25 AC

Property size (Sq ft)

2,380 SF

Property type

Retail properties

Property subtype

Banks

APN

88-14-24-444-054.000-014

APU

881424444054000014

Description

This exceptional 2380-square-foot commercial building presents a rare opportunity for businesses seeking high visibility and convenient access. Situated on a 0.25-acre lot at the highly visible corner of East State Road 60 in Pekin, Indiana, this property benefits from significant daily traffic flow. Its strategic location directly across from a newly constructed Casey's General Store ensures consistent foot and vehicle traffic, providing unparalleled exposure for your business. The building itself is exceptionally well-maintained, offering ample space for a variety of commercial uses. The asking price of $1800 is highly competitive for a property of this caliber and location. This is an ideal opportunity to establish a strong presence in a thriving community. Don't miss out on this chance to secure a prime commercial space in a high-traffic area. The property's excellent condition and strategic location make it an attractive investment for businesses seeking growth and visibility. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $431,568

  6.5%

  $398,371

  7%

  $369,916

• Comparable approach

  Method

  Valuation

  Relative Method

  $516,273

  Geo Method

  $516,273

• Alternative Use

  Use

  Valuation

  Residential

  $336,041

  Hospitality

  $307,811

  Educational

  $256,095

  Medical

  $264,903

  Retail

  $398,371

Location Insight

City

Pekin

County

Washington

State

Indiana

Latitude

38.5051

Longitude

-86.0165

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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