NOT LISTED FOR SALE

212 N Capitol St Pekin, IL 61554

Downtown Pekin Neighborhood

Estimated Value: $142,984

-- Bed
-- Bath
-- Sq Ft
0.39 Acres

Last Sold January 03, 2022

Last sale price $120,000

Est. 19% increase in value since last sale

Current estimated payment $902/month

27 Days on Market

About This Home

As of January 2022

Wonderful opportunity to own your very own turn-key operating retail business! Currently rents space to 50-55 vendors showcasing an array of unique gifts and crafts - The business generates a potential of $3,895/month in base rent along with additional income earned from the individual vendors' monthly sales - The retail shop only utilizes a small portion of this large building - The back warehouse is currently only used for storage offering potential for expansion and growth - The property is in a great location with good traffic and visibility; plenty of parking; is adjacent to the bike trail; just blocks from downtown Pekin; and is also located in a TIF District - Great opportunity to purchase a business that's already income-generating and fully operational and make it your own!

Last Agent to Sell the Property

Mary Davis

Gallery Homes Real Estate License #475159029 Listed on: 09/29/2021

Last Buyer's Agent

Jennifer Modglin

Keller Williams Premier Realty License #475183660

Keller Williams Premier Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,434

Year Built

  • Built in 1958

Lot Details

  • 0.39

Utilities

  • Forced Air Heating and Cooling System
  • Partial Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for tenant pays
  • The owner pays for all

Property Details

Property Type

Other

Est. Annual Taxes

$4,434

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Investment, Retail, Warehouse
  • Lvt Date: 09/29/2021
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete, Other Flooring, Tile/Vinyl
  • Total Building Sq Ft: 9590

Exterior Features

  • Exterior Finish: Block, Brick, Steel
  • Frontage Access: City Street
  • Insulation: Roof, Side Walls
  • Roof Construction: Flat, Sloped
  • Wall Construction: Block, Brick

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas, Partial
  • Water Supply: City on Premises

Lot Info

  • Zoning: Commercial
  • Estimated Land Size: 96 x 253
  • Geo Subdivision: IL
  • Property Use: Street Retail

Rental Info

  • Monthly Lease Rate: 3895
  • Owner Pays: All
  • Sale Lease Includes: Building, Business
  • Tenant Pays: Tenant Pays Other

Tax Info

  • Annual Taxes: 4433.58
  • Parcel Id Number Tax Id: 04-04-34-421-001
  • Tax Incentive: TIF District
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2021
Closed on
Jan 1, 2022
Sold by
Haynes Jr Johnsie D and Haynes Mary L
Bought by
Dawson Ian and Dawson Angela
Seller's Agent
Mary Davis
Gallery Homes Real Estate
Buyer's Agent
Jennifer Modglin
Keller Williams Premier Realty
List Price
$134,900
Sold Price
$120,000
Premium/Discount to List
-$14,900
-11.05%
Total Days on Market
27
Current Estimated Value
$142,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,984
Avg. Annual Appreciation
5.29%
Original Mortgage
$96,000
Outstanding Balance
$89,375
Interest Rate
3.11%
Mortgage Type
Credit Line Revolving
Estimated Equity
$53,609
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dawson Ian $120,000 Hunziker & Heck Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dawson Ian $96,000
Previous Owner Haynes Johnsie D $58,302
Previous Owner Haynes Mary L $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2022 01/03/22 Sold $120,000 -11.0% --
10/26/2021 10/26/21 Pending -- -- --
09/29/2021 09/29/21 For Sale $134,900 -- --
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,437 $44,730 $13,810 $30,920
2023 $4,437 $48,430 $12,770 $35,660
2022 $4,173 $45,160 $11,910 $33,250
2021 $4,016 $43,420 $11,450 $31,970
2020 $3,980 $43,420 $11,450 $31,970
2019 $3,924 $43,420 $11,450 $31,970
2018 $3,824 $43,420 $11,450 $31,970
2017 $3,773 $43,990 $11,920 $32,070
2016 $3,697 $43,120 $11,680 $31,440
2015 $3,592 $0 $0 $0
2013 $3,521 $42,360 $11,450 $30,910
Source: Public Records

Agents Affiliated with this Home

  • Mary Davis

    Seller's Agent in 2022

    Mary Davis

    Gallery Homes Real Estate

    (309) 453-4334

    1 in this area

    420 Total Sales

    Mary Davis
    Section Image
  • Jennifer Modglin

    Buyer's Agent in 2022

    Jennifer Modglin

    Keller Williams Premier Realty

    (309) 645-3762

    1 in this area

    33 Total Sales

    Jennifer Modglin
    Section Image
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Map

Source: RMLS Alliance

MLS Number: RMAPA1229158

RMLS Alliance

APN: 04-04-34-421-001

Illinois Tazewell County Pekin 61554 Downtown Pekin

212 N Capitol St, Pekin, IL

This home is located at 212 N Capitol St, Pekin, IL 61554 since 29 September 2021 and is currently estimated at $142,984. This property was built in 1958. 212 N Capitol St is a home located in Tazewell County with nearby schools including Washington Intermediate School, C.B. Smith Elementary School, and Edison Junior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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