NOT LISTED FOR SALE

219 N Capitol St Pekin, IL 61554

Downtown Pekin Neighborhood

Estimated Value: $371,267

-- Bed
-- Bath
-- Sq Ft
0.87 Acres

Last Sold May 20, 2021

Last sale price $270,000

Est. 38% increase in value since last sale

Current estimated payment $2,689/month

87 Days on Market

About This Home

As of May 2021

Located just blocks from the John T McNaughton bridge in the heart of Pekin Il, this exceptional property offers a whole host of amenities and possibilities. This property offers warehouse space with two 14 ft overhead doors, one 10 ft overhead door. Full fire suppression throughout the entire building. About one third of the building has been built out for a bar and restaurant with equipment including hood, cooler, and stage for live performances. The property also offers generous parking and is adjacent to the Pekin Park Bike Trail. Around half of the property is level field ready for future building or outdoor use.

Last Agent to Sell the Property

Nate Steinwedel

RE/MAX Traders Unlimited License #475173115 Listed on: 01/22/2021

RE/MAX Traders Unlimited

Last Buyer's Agent

Brad Barnard

Keller Williams Premier Realty License #471002679

Keller Williams Premier Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $7,460

Year Built

  • Built in 1998

Lot Details

  • 0.87

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted To A Wall/Window

Property Details

Property Type

Other

Est. Annual Taxes

$7,460

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Bar/Tavern, Industrial, Investment, Office, Restaurant, Retail, Warehouse
  • Lvt Date: 01/23/2021
  • Year Built: 1998
  • Bar: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete, Tile/Vinyl
  • Gaming Room Area: Yes
  • Total Building Sq Ft: 10320

Exterior Features

  • Exterior Finish: Steel
  • Frontage Access: City Street, Paved 2Lane
  • Insulation: Unknown
  • Roof Construction: Metal
  • Wall Construction: Steel/WD Frame
  • Outdoor Dining Patio R: No

Utilities

  • Cooling: Central Air, Wall/Window
  • Heating: Forced Air
  • Sprinkler: Yes

Lot Info

  • Estimated Number of Acres: 0.87
  • Zoning: B-3
  • Estimated Land Size: 95' x 400'
  • Geo Subdivision: IL

Tax Info

  • Annual Taxes: 7459.7
  • Parcel Id Number Tax Id: 04-04-34-416-009
  • Tax Incentive: None
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 8, 2025
Sold by
Adamson Elliott Douglas
Bought by
Rasmussen Properties Llc
Current Estimated Value
$371,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,750
Outstanding Balance
$222,554
Interest Rate
6.65%
Mortgage Type
Credit Line Revolving
Estimated Equity
$126,416

Purchase Details

Closed on
Mar 3, 2025
Sold by
Mitchell Harold J
Bought by
Adamson Elliott Douglas

Purchase Details

Listed on
Jan 22, 2021
Closed on
May 18, 2021
Sold by
Reames James L and Clark Sue E
Bought by
Mitchell Harold J and Mitchell Patricia L
Seller's Agent
Nate Steinwedel
RE/MAX Traders Unlimited
Buyer's Agent
Brad Barnard
Keller Williams Premier Realty
List Price
$330,000
Sold Price
$270,000
Premium/Discount to List
-$60,000
-18.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.10%
Original Mortgage
$120,000
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 22, 2007
Sold by
Griffin Janet M
Bought by
Reames James L and Clark Sue E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.25%
Mortgage Type
Commercial
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
Rasmussen Properties Llc $270,000 Hometown Title
Adamson Elliott Douglas -- None Listed On Document
Mitchell Harold J $270,000 Peoria Title Llc
Reames James L $180,000 First Community Title Svcs
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rasmussen Properties Llc $222,750
Previous Owner Mitchell Harold J $120,000
Previous Owner Reames James L $40,000
Previous Owner Reames James L $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2021 05/20/21 Sold $270,000 -14.3% --
04/19/2021 04/19/21 Pending -- -- --
01/26/2021 01/26/21 Price Changed $315,000 -4.5% --
01/22/2021 01/22/21 For Sale $330,000 -- --
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 $8,527 $100,230 $31,200 $69,030
2023 $8,527 $93,070 $28,970 $64,100
2022 $8,019 $86,780 $27,010 $59,770
2021 $7,717 $83,440 $25,970 $57,470
2020 $7,648 $83,440 $25,970 $57,470
2019 $7,460 $82,540 $25,970 $56,570
2018 $7,269 $82,540 $25,970 $56,570
2017 $7,252 $84,550 $27,020 $57,530
2016 $5,328 $62,140 $26,490 $35,650
2015 $5,177 $0 $0 $0
2013 $5,756 $70,620 $26,490 $44,130
Source: Public Records

Agents Affiliated with this Home

  • Nate Steinwedel

    Seller's Agent in 2021

    Nate Steinwedel

    RE/MAX

    (309) 643-9189

    1 in this area

    102 Total Sales

    Nate Steinwedel
    Section Image
  • Brad Barnard

    Buyer's Agent in 2021

    Brad Barnard

    Keller Williams Premier Realty

    (309) 241-0313

    6 in this area

    114 Total Sales

    Brad Barnard
    Section Image
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Map

Source: RMLS Alliance

MLS Number: PA1221826

RMLS Alliance

APN: 04-04-34-416-009

Illinois Tazewell County Pekin 61554 Downtown Pekin

219 N Capitol St, Pekin, IL

This home is located at 219 N Capitol St, Pekin, IL 61554 since 22 January 2021 and is currently estimated at $371,267. This property was built in 1998. 219 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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