Turnkey Flex with Cutting-Edge Lab Space 200 Enterprise Dr 29,160 SF Vacant Flex Building Online Auction Sale Pekin, IL 61554

Located at the gateway of Tazewell and Peoria County, 200 Enterprise Drive offers a rare acquisition catering to both owner/users and investors seeking versatile office, warehouse, and laboratory space with modern renovations. Delivered vacant, the property presents an immediate chance for businesses such as medical practices, research and development firms, diagnostic service providers, and others to establish themselves in a contemporary, adaptable environment.

The building encompasses 29,160 square feet on a generous 4.91-acre site, featuring 130 parking stalls, including covered options, and secure gated access for added peace of mind. Visitors and staff are welcomed by an impressive front lobby finished with luxury vinyl tile, multiple reception desks, and comfortable seating. High-end finishes extend throughout the office areas, which include private offices, open workspaces, conference rooms, and a break room. The building’s attached, climate-controlled warehouse further enhances efficiency by allowing tenants to seamlessly implement their logistical operations on-site. The space includes robust loading capabilities, with three drive-in doors, a dock door, and covered outdoor storage areas. The entire property is equipped with a wet sprinkler system, fiber-optic internet, and a heavy-duty, 3-phase power supply, providing operational flexibility.

The facility underwent significant renovation and expansion in 2021, adding over 10,000 square feet of premium laboratory space and upgrading flooring and energy-efficient lighting throughout. Advanced upgrades to the property deliver superior functionality, such as reverse osmosis water filtration, HEPA-grade HVAC, CLEA approval for medical and food-grade use, and lg electrical service with a backup generator. Spaces include individual labs, as well as a large, state-of-the-art laboratory, offering flexibility for a range of diagnostic services. These spaces are ideally suited for lease to physician groups or local doctors to complete their own testing, serving the extensive medical network that includes OSF Saint Francis Medical Center, Carle Health Pekin Hospital, Carle Health Proctor Hospital, and Methodist Medical Center of Illinois.

Strategically positioned off Highway 29, the property benefits from visibility to more than 10,000 vehicles daily, as well as convenient accessibility from Highways 9 and 24 and Interstates 74/474. The location sits within a thriving commercial area, placing tenants just 2.2 miles from downtown Pekin, 12.5 miles from General Wayne Peoria International Airport, and 13 miles from downtown Peoria. Its proximity to downtown Pekin ensures quick access to local amenities and national retail options.

The Outlying Tazewell County Submarket demonstrates robust fundamentals, with office vacancies at only 3.1% and no industrial vacancies or new construction underway. Rising rents, up 1.6% for industrial and 1.8% for office space over the past year, provide value-add potential for investors seeking to stabilize the property and generate elevated rental income. Businesses in the area benefit from a well-educated regional workforce, with over 18,000 employees within a 5-mile radius and more than 90% engaged in service-producing industries. There is strong upside for an owner/user to occupy a portion of the building while leasing remaining space to offset costs, maximizing operational flexibility and financial return.

With its blend of premium office space, a functional warehouse, and cutting-edge laboratory space, 200 Enterprise Drive distinguishes itself at the center of Illinois, offering an exceptional platform for growth, investment, and innovation.

Property tours are by appointment only. Please contact the listing broker to schedule.