38 Acres Downtown | Pekin, IL 61554
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- LoopNet Team
38 Acres Downtown
Pekin, IL 61554
38 Acres of Infill · Land For Sale · 38.60 AC
Investment Highlights
- 38 acres of the highly desirable downtown location of Pekin, IL
- Sanitary sewer and stormwater detention
- Exceptional opportunity to develop multi-family housing supported by various business uses
- About 7 acres zoned as B-3 and 31 acres as RM-1 (multi-family)
- TIF funding opportunity
- Great visibility in a dense residential community
PROPERTY FACTS
Description
38 acres in the middle of the City of Pekin, IL. Commercial zoning and multi-family, which can include farming of 5 acres or more and single or multi-family dwelling/s. The commercial zoning of B3 General Business opens the door to many uses on Broadway Rd. across from the park district golf course. This is a rare piece of property as the B3 land is flanked by non-similarly zoned parcels.
PROPERTY TAXES
| Parcel Number | 04-04-36-409-003 | Improvements Assessment | $0 |
| Land Assessment | $31,470 | Total Assessment | $31,470 |
PROPERTY TAXES
Parcel Number
04-04-36-409-003
Land Assessment
$31,470
Improvements Assessment
$0
Total Assessment
$31,470
zoning
| Zoning Code | B-3, RM-1 (General Commercial, Multi-family.) |
| B-3, RM-1 (General Commercial, Multi-family.) |
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