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1500-1532 N 8th St
Pekin, IL 61554
The North 8th Street Plaza · Retail Property For Sale
Executive Summary
Located in the heart of Illinois, The North 8th Street Plaza offers a unique opportunity for investors and developers. This property is listed on the National Historic Registry, providing historical significance and potential tax benefits. The seller is flexible and open to various payment structures, including seller financing and installment sales. Additionally, the seller is willing to consider participating in the development process, with the possibility of accepting a share of the sale or land as compensation in a partnership. This property presents an ideal investment for those looking to capitalize on its historic value and future development potential.
Three Houses behind Center are zoned for parking. Potential for New Parking Lot.
Three Houses behind Center are zoned for parking. Potential for New Parking Lot.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
24,000 SF
Building Class
C
Year Built
1951
Percent Leased
94%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.56
Lot Size
0.99 AC
Zoning
B3 General Business - General business
Frontage
Amenities
- Bus Line
- Corner Lot
- Property Manager on Site
- Security System
- Signage
- Tenant Controlled HVAC
Property Taxes
| Parcel Number | 04-04-35-111-012 | Improvements Assessment | $38,260 |
| Land Assessment | $21,980 | Total Assessment | $60,240 |
Property Taxes
Parcel Number
04-04-35-111-012
Land Assessment
$21,980
Improvements Assessment
$38,260
Total Assessment
$60,240
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