1216 14Th StPekin, IL 61554

This exceptional commercial property, located at 1216 S 14th Street in Pekin, Illinois, presents a unique investment opportunity. The 19,500 square foot lot, measuring 130 feet by 150 feet, is situated at the corner of S 14th and Derby Streets, offering excellent visibility and accessibility. Currently featuring a 3,832 square foot building constructed in 1974, the property offers significant flexibility for redevelopment. The existing structure could be easily adapted to accommodate various commercial uses, such as office spaces or storage units, while potentially retaining some of the existing car wash bays for supplemental income generation. A substantial parking lot is located at the rear of the property, providing ample space for customers and employees. This property is strategically located within Pekin's Tax Increment Financing (TIF) District, making it eligible for development incentives and assistance, potentially reducing development costs and accelerating project timelines. The address is 61554. This is a rare opportunity to acquire a sizable commercial lot in a desirable location with significant potential for future growth and profitability. The asking price for this property is $148,000.