331 S 4TH ST, Pekin, IL 61554
331 S 4TH ST, Pekin, IL 61554
331 S 4TH ST, Pekin, IL 61554
331 S 4TH ST, Pekin, IL 61554
331 S 4TH ST, Pekin, IL 61554
331 S 4TH ST, Pekin, IL 61554
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Shonna Murrey

Shonna Murrey

+1(515) 612-8939
Listed by Raul Rodriguez • eXp Realty
$ 230,000
Est. payment | /mo

3,636 SqFt

Save
$ 230,000
Est. payment | /mo
Save

3,636 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,636 sqft

Price per Sqft $63

MLS Listing ID PA1264901

Annual Tax Amount $6,646

Tax Year 2024

Property Sub-Type Commercial

Source rmlsa

Property Description

Centrally located 7-unit building offering a strong value-add opportunity. The property is currently vacant and in need of cosmetic updates throughout, primarily including flooring, paint, and appliances. The building features one large commercial office space with two side-by-side entrances, providing the potential to divide the space into two separate office suites. Residentially, the property includes four spacious upper-level units, one main level unit, and one basement/garden-level unit. The residential units offer generous layouts with tall ceilings and plenty of natural light, enhancing overall livability and appeal. Unit 1 (Office 3 Rooms + One 1/2 Bath) Unit 2 (D -One Bedrooms + One Bath) Unit 3 (C - Two Bedrooms + One Bath) Unit 4 (A - Two Bedrooms + One Bath) Unit 5 (F - Basement Unit + One Bedroom/One Bath) Unit 6 (B - One Bedroom + One Bath) Unit 7 (E - One Bedroom + One Bath) City-required repairs include the replacement or repair of the exterior rear steps leading to the back unit. Additionally, one second-floor rear unit has flooring that requires repair due to a slight slope; the bathroom renovation could be completed concurrently with these repairs. Once improvements are completed and rents are stabilized, the property presents significant upside potential. Please contact the listing agent with any questions or offers. Showings must be requested through ShowingTime. Please have proof of funds ready when you make an offer!

Location

State IL

County Tazewell

Area Paar Area

Zoning Office

Direction From Broadway St in downtown Pekin, head south on S 4th St for about 2 blocks. The property at 331 S 4TH St will be on your right, just south of Court St.

Interior

Heating Forced Air

Cooling Central Air

Flooring Other

Fireplace N

Exterior

View true

Roof Type Composition Shingle

Garage 1

Building

Faces From Broadway St in downtown Pekin, head south on S 4th St for about 2 blocks. The property at 331 S 4TH St will be on your right, just south of Court St.

Sewer Public Sewer

Structure Type Brick,Vinyl Siding,Frame

Others

Tax ID 04-10-03-230-029

Nearby Locations

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Shonna Murrey
Shonna Murrey

Broker Associate | License ID: 64826000

+1(515) 612-8939

315 SW Maple St, Ankeny, IA, 50023, USA

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331 S 4TH ST

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