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331 S 4Th Street, Pekin, IL 61554

$230,000

3,636 sq ft
CLS# 1264901
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Centrally located 6-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 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. City-required repairs include 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!

Property Details

City
Pekin
County
Tazewell
Type
Commercial Sale
New Construction
No
Zoning
Commercial
Square Ft.
3,636
Avail Square Ft.
3,636

Features

Roofing
  • Composition Shingle
Heating/Cooling
  • Forced Air

Financials

2024 Taxes
6646
RMLS Alliance IDX

Listing information is provided by RMLS Alliance LLC courtesy of eXp Realty, Raul Rodriguez, as of 03/17/2026 21:00pm exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in renting or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.