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Investment Highlights

  • Significant Upside Potential
  • Operating Expense Protection
  • High Traffic Counts
  • Attractive Rent Increases
  • Strategic Retail Location
  • Strong Demographics

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the fee simple interest in Sunset Plaza located at 2910-2996 Court Street in Pekin, Illinois (the “Property”). The plaza contains twenty-eight (28) suites and is 74.00% leased to a mix of regional and local retailers and contains 59,982 square feet spread over two buildings on a 5.45-acre parcel. The majority of the leases call for the tenants to reimburse their pro-rata share of real estate taxes, insurance and operating expenses and provide attractive rent increases in the primary lease terms and renewal options (if applicable). Sunset Plaza occupies a prime location at the signalized intersection of Valle Vista Boulevard and Court Street, the area’s primary commercial and commuter corridor. The Property offers excellent visibility, frontage, and access enhancing its presence within the established trade area. The Property is surrounded by national retailers and restaurants that drive traffic to the area and is seconds from schools, dense residential neighborhoods and several large employers providing a captive and built-in customer base. In addition, Sunset Plaza offers efficient regional connectivity with quick access to IL Routes 9, 29 and 98, and US Route 24, supporting ease of travel throughout Pekin and the broader region, and providing quick access to Downtown Peoria, 12 miles to the north.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
59,982 SF
Building Class
B
Year Built/Renovated
1975/1983
Price
$4,364,000
Price Per SF
$72.76
Cap Rate
9.23%
NOI
$402,586
Percent Leased
74%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
5.45 AC
Frontage
607’ on Court Street

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Artistic Flowers
  • Retailer
  • -
  • -
  • Modified Gross
  • Sep 2016
  • Retailer
  • -
  • -
  • -
  • -

At Audibel, they know the importance of hearing because they see how it impacts people every day. Helping people hear better is all they do. It’s all they’ve ever done. Hearing is their passion, their focus and their purpose. People Hear – Hearing is as unique as every person. That is why they customize hearing journeys around their customers. Hearing one's best impacts all aspects of life. The best hearing solution keeps people connected to their community and enjoying the details of each moment.

  • Health Care and Social Assistance
  • -
  • -
  • Modified Gross
  • -

Career Link is a workforce development organization dedicated to strengthening the workforce of Central Illinois. Operating through the Illinois workNet Center of Peoria, Career Link provides job search assistance, education support, training, and additional resources to residents and employers across Fulton, Marshall, Mason, McLean, Stark, Tazewell, and Woodford counties

  • Dept. Of Conservation
  • -
  • -
  • -
  • -
  • -
  • Happening
  • Services
  • -
  • -
  • -
  • -
  • Home Health
  • Health Care and Social Assistance
  • -
  • -
  • Full Service
  • Jan 2016
  • Public Administration
  • -
  • $9.20
  • Plus Utilities and Cleaning
  • Oct 2012

The Illinois Department of Human Services is a state government agency responsible for administering a wide range of social and human services programs. Established in 1997, the department was created to consolidate and streamline access to services for residents facing economic hardship, disabilities, or other challenges to self-sufficiency. IDHS oversees programs related to food assistance, healthcare, mental health, developmental disabilities, rehabilitation, and early childhood services. Headquartered in Springfield, Illinois, the agency operates under the jurisdiction of the State of Illinois and is led by a Secretary appointed by the Governor. IDHS is publicly funded and does not trade on any stock exchange, as it is a government entity.

  • Retailer
  • -
  • -
  • Modified Gross
  • Oct 2017
  • Retailer
  • -
  • -
  • -
  • -

Merle Norman Cosmetics is a privately held cosmetics company founded in 1931 in Santa Monica, California by Merle Nethercutt Norman. The company began with three core products—Cleansing Cream, Miracol, and Powder Base Foundation—formulated in Norman’s kitchen. It quickly expanded into a franchise model, empowering women to own and operate studios across the U.S. and Canada. Today, Merle Norman develops, manufactures, and distributes its own line of skincare and color cosmetics from its headquarters in Los Angeles. The company operates independently owned studios and maintains a strong presence in North America and select international markets.

  • Waterbed Creation
  • -
  • -
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Artistic Flowers Retailer - - Modified Gross Sep 2016
Retailer - - - -
Health Care and Social Assistance - - Modified Gross -
Dept. Of Conservation - - - - -
Happening Services - - - -
Home Health Health Care and Social Assistance - - Full Service Jan 2016
Public Administration - $9.20 Plus Utilities and Cleaning Oct 2012
Retailer - - Modified Gross Oct 2017
Retailer - - - -
Waterbed Creation - - - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 2926
  • 1,258 SF
  • Retail
  • -
  • Now

This corner retail/office space at Sunset Plaza on Court Street in Pekin is ready for a new business to lease! Clean, ready to go unit with loads of natural light, ample parking, and high traffic counts on Court Street (15,000+ ADT) and destination traffic throughout the plaza. This unit is currently built out with a single office space, restroom and open retail space in the main area with cabinets and a sink.

  • 2950
  • 1,907 SF
  • Retail
  • -
  • Now

This retail/office space with storage/warehouse space at Sunset Plaza on Court Street in Pekin is ready for a new business to lease! Owners will add a garage door if negotiated in lease. The plaza features ample parking, and high traffic counts on Court Street (15,000+ ADT) and destination traffic throughout the plaza. This unit is currently built out with a lobby/reception area, two office spaces, warehouse space, a work area that could be converted into additional offices, and access to common area restrooms.

  • 2970
  • 3,663 SF
  • Retail
  • -
  • Now

This former government services office space at Sunset Plaza on Court Street in Pekin is ready for a new business to move in and lease! Clean, ready to go unit with ample parking, high traffic counts on Court Street (15,000+ ADT) and destination traffic throughout the plaza.

  • 2982
  • 1,300 SF
  • Retail
  • -
  • Now

This retail/office space at Sunset Plaza on Court Street in Pekin is ready for a renovation and new tenants. T.I. is negotiable to get this unit prepared for your business' use and features ample parking, high traffic counts on Court Street (15,000+ ADT) and destination traffic throughout the plaza. This unit is currently built out with several storage rooms and a restroom.

Space Size Space Use Position Available
2926 1,258 SF Retail - Now
2950 1,907 SF Retail - Now
2970 3,663 SF Retail - Now
2982 1,300 SF Retail - Now

2926

Size
1,258 SF
Space Use
Retail
Position
-
Available
Now

2950

Size
1,907 SF
Space Use
Retail
Position
-
Available
Now

2970

Size
3,663 SF
Space Use
Retail
Position
-
Available
Now

2982

Size
1,300 SF
Space Use
Retail
Position
-
Available
Now

2926

Size 1,258 SF
Space Use Retail
Position -
Available Now

This corner retail/office space at Sunset Plaza on Court Street in Pekin is ready for a new business to lease! Clean, ready to go unit with loads of natural light, ample parking, and high traffic counts on Court Street (15,000+ ADT) and destination traffic throughout the plaza. This unit is currently built out with a single office space, restroom and open retail space in the main area with cabinets and a sink.

2950

Size 1,907 SF
Space Use Retail
Position -
Available Now

This retail/office space with storage/warehouse space at Sunset Plaza on Court Street in Pekin is ready for a new business to lease! Owners will add a garage door if negotiated in lease. The plaza features ample parking, and high traffic counts on Court Street (15,000+ ADT) and destination traffic throughout the plaza. This unit is currently built out with a lobby/reception area, two office spaces, warehouse space, a work area that could be converted into additional offices, and access to common area restrooms.

2970

Size 3,663 SF
Space Use Retail
Position -
Available Now

This former government services office space at Sunset Plaza on Court Street in Pekin is ready for a new business to move in and lease! Clean, ready to go unit with ample parking, high traffic counts on Court Street (15,000+ ADT) and destination traffic throughout the plaza.

2982

Size 1,300 SF
Space Use Retail
Position -
Available Now

This retail/office space at Sunset Plaza on Court Street in Pekin is ready for a renovation and new tenants. T.I. is negotiable to get this unit prepared for your business' use and features ample parking, high traffic counts on Court Street (15,000+ ADT) and destination traffic throughout the plaza. This unit is currently built out with several storage rooms and a restroom.

Fairly walkable
40/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
40/100

Nearby Major Retailers

Planet Fitness
Buffalo Wild Wings
Steak ‘n Shake
Heartland Bank & Trust Company
Starbucks
PNC Bank
Busey Bank
Applebee's
Woodforest National Bank

Property Taxes

Property Taxes

Parcel Number
10-10-12-216-020
Land Assessment
$417,630
Improvements Assessment
$399,040
Total Assessment
$816,670
  • Listing ID: 41128820

  • Date on Market: 7/1/2026

  • Last Updated:

  • Address: 2910-2996 Court St, Pekin, IL 61554

Contact the Sale Advisor

Sunset Plaza | 2910-2996 Court St

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