Prime commercial land available on Court Street in Pekin.
Property currently consist of 10 parcels totaling 2.47 Acres. Can be sold together or divided as detailed below and illustrated on the following pages.
Proposed division includes a .93 and .83 acre parcel up front each offering approximately 144 feet of frontage on Court Street. There would be a third remaining .75 acre parcel in the rear.
Property is relatively flat overall with utilities to the site. Some existing structures onsite require demolition.
Located on a prominent commercial stretch of Court Street with 17,400 CPD.
Nearby businesses include Casey’s, Walgreens, AT&T, Taco Bell, Carle Health Hospital, OSF Urgo, Ace Hardware, Panda Express, Dunkin Donuts and many more.
SEC 1 T24N R5W GIFFIN QUARELLO ADDN 2 WLY PT OF LOT B (EXC TRACT) SE 1/4
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
