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Turnkey Office/Warehouse | Convenient Access 1805 Riverway Dr 40,558 SF Vacant Industrial Building Online Auction Sale Pekin, IL 61554
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- Buyers will delight in this versatile office and warehouse building, which is equipped to support a variety of businesses.
- Offering impressive on-site features like high ceiling heights, a newly renovated office, roll-up bay doors, and more.
- Area demographics are a major callout with over 40,300 employees working in a 10-mile radius of the asset.
- Located just minutes from Interstate 474, this site offers convenient access for efficient local and regional travel throughout Illinois.
- Just a quick drive to the major retail thoroughfare, home to McDonald’s, Arby’s, ValuCheck, CVS, Coffee Connection, and others.
EXECUTIVE SUMMARY
1805 Riverway Drive is an excellent opportunity for investors and owner/users alike in Pekin, Illinois.
This well-appointed property is available for immediate use and offers an exceptional opportunity for businesses seeking integrated administrative and logistical operations. Originally constructed in 1994, the asset is located in Pekin, Illinois, and occupies a 3.68-acre site. The versatile mixed-use facility has been modernized to support both office and warehouse functions, featuring ceiling heights ranging from 15 to 18 feet. The building's front portion presents a fully renovated, contemporary office environment, including an upgraded lobby, multiple private offices, a kitchen/break room, and a collaborative open workspace. Ample natural light is provided by large windows, complemented by enhanced flooring, energy-efficient lighting, and high-speed internet access. The rear of the facility comprises a spacious, climate-controlled warehouse with reinforced concrete floors, high ceilings, roll-up bay doors for streamlined loading and unloading, and designated areas for shipping and receiving. Additional amenities include extensive parking, a security system, generator backup, and convenient access to Interstate 474. Recent upgrades encompass the HVAC system, security enhancements, and parking infrastructure.
This location in Pekin presents an excellent opportunity for investors and logistics-focused users seeking optimal space. The site offers convenient access to several major metropolitan areas, including Indianapolis, Chicago, and Des Moines, within a day's drive. Proximity to major thoroughfares, such as Interstates 74 and 474, ensures efficient connectivity to these metropolitan centers. Numerous retailers and amenities are situated nearby, providing convenience for employees. These include both prominent national retailers and smaller local restaurants and shops.
Pekin is included within the broader Peoria market, which presents favorable conditions for prospective buyers seeking property opportunities. The current vacancy rate stands at 1.1%, notably lower than the five-year average, indicating a constrained supply. With an inventory of approximately 43 million square feet, the market continues to experience rising rents, benefiting buyers interested in acquiring properties for lease at prevailing market rates.
Property tours are available by appointment only. Please contact the listing broker to schedule.
This well-appointed property is available for immediate use and offers an exceptional opportunity for businesses seeking integrated administrative and logistical operations. Originally constructed in 1994, the asset is located in Pekin, Illinois, and occupies a 3.68-acre site. The versatile mixed-use facility has been modernized to support both office and warehouse functions, featuring ceiling heights ranging from 15 to 18 feet. The building's front portion presents a fully renovated, contemporary office environment, including an upgraded lobby, multiple private offices, a kitchen/break room, and a collaborative open workspace. Ample natural light is provided by large windows, complemented by enhanced flooring, energy-efficient lighting, and high-speed internet access. The rear of the facility comprises a spacious, climate-controlled warehouse with reinforced concrete floors, high ceilings, roll-up bay doors for streamlined loading and unloading, and designated areas for shipping and receiving. Additional amenities include extensive parking, a security system, generator backup, and convenient access to Interstate 474. Recent upgrades encompass the HVAC system, security enhancements, and parking infrastructure.
This location in Pekin presents an excellent opportunity for investors and logistics-focused users seeking optimal space. The site offers convenient access to several major metropolitan areas, including Indianapolis, Chicago, and Des Moines, within a day's drive. Proximity to major thoroughfares, such as Interstates 74 and 474, ensures efficient connectivity to these metropolitan centers. Numerous retailers and amenities are situated nearby, providing convenience for employees. These include both prominent national retailers and smaller local restaurants and shops.
Pekin is included within the broader Peoria market, which presents favorable conditions for prospective buyers seeking property opportunities. The current vacancy rate stands at 1.1%, notably lower than the five-year average, indicating a constrained supply. With an inventory of approximately 43 million square feet, the market continues to experience rising rents, benefiting buyers interested in acquiring properties for lease at prevailing market rates.
Property tours are available by appointment only. Please contact the listing broker to schedule.
MATTERPORT 3D TOURS
Lobby Matterport Tour
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DATA ROOM Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 3.68 AC |
| Sale Condition | Auction Sale | Rentable Building Area | 40,558 SF |
| Type of Ownership | Fee Simple | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1994 |
| Property Subtype | Distribution | Tenancy | Single |
| Building Class | C | Parcel Number | 10-10-10-100-053 |
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 3.68 AC |
| Rentable Building Area | 40,558 SF |
| No. Stories | 1 |
| Year Built | 1994 |
| Tenancy | Single |
| Parcel Number | 10-10-10-100-053 |
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DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
Chicago
2,705,994
168
3 h 16 m
Indianapolis
867,125
214
4 h 4 m
Columbus
892,533
390
7 h 22 m
Detroit
672,662
425
7 h 57 m
Nashville
669,053
439
8 h 12 m
Memphis
650,618
461
8 h 34 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
93,757
Total Labor Force
45,045
Unemployment Rate
6.02%
Median Household Income
$52,961
Warehouse Employees
8,135
High School Education Or Higher
89.30%
SALE ADVISOR
SALE ADVISOR
Mary Davis, Broker
Mary obtained her real estate license to continually assist in the lives of the children of Peoria whom she influenced as an educator over the years. Truly an outside-of-the-box thinker, Mary works from sunrise to long after sunset to find the just-right homes for her clients. Mary intuitively draws her knowledge of the local real estate market from her expansive network. She shares information daily with professionals of all occupations and then works to knit together the homes and opportunities that she knows are available to the clients that she serves.
Mary draws her inspiration for tirelessly helping others from the love she has for her horses. A native Kentuckian, she regularly visits her horses there and lights up as she shares stories of their recent antics. Even though Mary is a person who is constantly in motion, she is never too busy to sit down to listen to a friend or client (often the same) and offer insightful advice.
Mary draws her inspiration for tirelessly helping others from the love she has for her horses. A native Kentuckian, she regularly visits her horses there and lights up as she shares stories of their recent antics. Even though Mary is a person who is constantly in motion, she is never too busy to sit down to listen to a friend or client (often the same) and offer insightful advice.
ABOUT THE AUCTION TECHNOLOGY
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AUCTION CONTACT
John Artozqui
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 478027045
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOURS
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Turnkey Office/Warehouse | Convenient Access | 1805 Riverway Dr
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Turnkey Office/Warehouse | Convenient Access | 1805 Riverway Dr
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