Log In/Sign Up
Your email has been sent.
353 Court St 11,460 SF 52% Leased Retail Building Pekin, IL 61554 $395,000 ($34.47/SF)
Investment Highlights
- Exceptional opportunity for a restaurant or event venue with ample space for future expansion and growth.
- Recently upgraded with a new roof, modern HVAC system, and a full fire-suppression sprinkler system for safety and compliance.
- Located within a TIF district, offering potential financial incentives for redevelopment and investment.
- Upper floors offer significant potential for additional revenue streams through apartments, office suites, or expanded commercial operations.
Executive Summary
Exceptional restaurant or event venue opportunity with room to grow. Located in a TIF district and updated with a new roof, HVAC, and full fire-suppression sprinkler system. A convenient rear-door carry-out area connects directly to 24/7 public parking, ideal for high-volume service. A separate outside entrance provides independent access to the second and third floors—upper floors provide valuable space for future development—apartments, offices, or expanded commercial use.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
11,460 SF
Building Class
C
Year Built
1910
Price
$395,000
Price Per SF
$34.47
Percent Leased
52%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.39
Lot Size
0.11 AC
Zoning
B-2 - Central Business
Frontage
54’ on Court
Amenities
- Restaurant
- Air Conditioning
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-04-34-434-013 | Improvements Assessment | $34,740 |
| Land Assessment | $4,940 | Total Assessment | $39,680 |
Property Taxes
Parcel Number
04-04-34-434-013
Land Assessment
$4,940
Improvements Assessment
$34,740
Total Assessment
$39,680
1 of 47
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
353 Court St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.