NOT LISTED FOR SALE

401 S 2nd St Pekin, IL 61554

Downtown Pekin Neighborhood

Estimated Value: $517,307

-- Bed
-- Bath
-- Sq Ft
8,276 Sq Ft Lot

Last Sold November 20, 2017

Last sale price $365,000

Est. 42% increase in value since last sale

Current estimated payment $3,649/month

430 Days on Market

About This Home

As of November 2017

CURRENT DAIRY QUEEN W/FULL BASEMENT IS 1,832 SF INCL. A 36X14 SOLARIUM AND RIGHT ON IL. RT. 29. WHICH BRINGS A HIGH TRAFFIC COUNT. TOTAL OF 25 PARKING SPACES. THE DAIRY QUEEN IMPROVEMENTS: ROOF, (4) C/A, FURNACE, 14X8 FREEZER (ON BLKTP), BLACKTOP PARKING LOT, (2) UPGRADED LIGHTED SIGNS. SELLER OWNS A VACANT LOT THAT COULD BE PURCHASED ALSO BEHIND & ADJACENT TO THE DQ WHICH WOULD BE IDEAL FOR A DRIVE UP MENU ORDERING STATION. BUILDING HAS A FORMER DRIVE UP WINDOW. THERE IS AN ALLEY ALSO. ALL AS-IS

Last Agent to Sell the Property

Rick Simpson

Jim Maloof Realty, Inc. License #471.018206 Listed on: 03/29/2016

Jim Maloof Realty, Inc.

Last Buyer's Agent

Rick Simpson

Jim Maloof Realty, Inc. License #471.018206 Listed on: 03/29/2016

Jim Maloof Realty, Inc.

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,890

Year Built

  • Built in 1963

Lot Details

  • 8,276

Utilities

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

Property Details

Property Type

Other

Est. Annual Taxes

$6,890

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Retail
  • Lvt Date: 03/29/2016
  • Year Built: 1963
  • Handicap Modified: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Tile/Vinyl
  • Maximum Ceiling Ht Feet: 12
  • Other Access: None
  • Total Building Sq Ft: 1832
  • Estimated Lot Sq Ft: 66x109

Exterior Features

  • Exterior Finish: Brick, Vinyl
  • Frontage Access: Paved 2Lane, Corner Lot, City Street, State Road
  • Insulation: Unknown
  • Roof Construction: Other Roof Construction
  • Wall Construction: Block, Brick, Frame

Garage/Parking

  • Numberparking Spaces Allocated: 25

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Water Supply: Municipal/City

Lot Info

  • Estimated Number of Acres: 0.19
  • Zoning: COMMERCIAL
  • Geo Subdivision: IL

Rental Info

  • Lease Type: Gross
  • Sale Lease Includes: Building, Business, Land
  • Terms Lease: N/A

Tax Info

  • Annual Taxes: 6889.52
  • Parcel Id Number Tax Id: 04-10-03-201-007
  • Tax Incentive: In City Limit
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 6, 2019
Sold by
Jay Happy Group Inc
Bought by
City Of Pekin
Current Estimated Value
$517,307

Purchase Details

Listed on
Mar 29, 2016
Closed on
Nov 20, 2017
Sold by
Flynn Christopher A and Flynn Christina L
Bought by
Jay Happy Group Inc
Seller's Agent
Rick Simpson
Jim Maloof Realty, Inc.
Buyer's Agent
Rick Simpson
Jim Maloof Realty, Inc.
List Price
$549,000
Sold Price
$365,000
Premium/Discount to List
-$184,000
-33.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.11%
Original Mortgage
$340,725
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 1999
Sold by
Flynn Harry and Flynn Naomi
Bought by
Flynn Christopher A and Flynn Christina L
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
City Of Pekin -- None Available
Jay Happy Group Inc $365,000 Jbn Title
Flynn Christopher A $73,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jay Happy Group Inc $340,725
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2017 11/20/17 Sold $365,000 -33.5% --
06/02/2017 06/02/17 Pending -- -- --
03/29/2016 03/29/16 For Sale $549,000 -- --
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 $10,037 $117,990 $6,840 $111,150
2023 $10,037 $109,560 $6,350 $103,210
2022 $9,440 $102,160 $5,920 $96,240
2021 $9,085 $98,230 $5,690 $92,540
2020 $9,004 $98,230 $5,690 $92,540
2019 $8,878 $98,230 $5,690 $92,540
2018 $8,651 $98,230 $5,690 $92,540
2017 $7,029 $81,960 $5,810 $76,150
2016 $6,890 $80,340 $5,690 $74,650
2015 $6,693 $0 $0 $0
2013 $6,547 $78,770 $5,580 $73,190
Source: Public Records

Agents Affiliated with this Home

  • Rick Simpson

    Seller's Agent in 2017

    Rick Simpson

    Jim Maloof Realty, Inc.

    (309) 353-3503

    1 in this area

    29 Total Sales

    Rick Simpson
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Map

Source: RMLS Alliance

MLS Number: RMAPA7032648

RMLS Alliance

APN: 04-10-03-201-007

Illinois Tazewell County Pekin 61554 Downtown Pekin

401 S 2nd St, Pekin, IL

This home is located at 401 S 2nd St, Pekin, IL 61554 since 29 March 2016 and is currently estimated at $517,307. This property was built in 1963. 401 S 2nd St is a home located in Tazewell County with nearby schools including Washington Intermediate School, Jefferson 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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