Listed by Maloof Commercial Real Estate
$1,399,000
Lock-tite Storage
Details
Property Type Retail, Industrial
Sub Type Warehouse, Flex
Square Footage 31,556
Units 64
Cap Rate 3.05%
NOI $45,408
Occupancy 100%
Tenancy Multi
Price per SqFt $47
Acreage 0.750
Storage Units & Long-Time Steady Tenant
Marketing description
Located Between 2nd & 3rd Streets near the Secretary of State's Office. Only Minutes to Il State Route 9 (John T. Mcnaughton Bridge). Other Area Businesses Include Pekin City Hall, the Tazewell County Courthouse, & Several Office and Retail Businesses.
Investment highlights
215 Fayette, Lock-tite Storage:
12,152 Sq. Ft. Building W/ ±80 Units Total. 64 Units Leased
(14) 5' X 5' Units; (13) 5' X 10' Units
(25) 10' X 10' Units; (28) 10' X 15' Units
Larger Units Can Be Divided Into Smaller Units
309 Mechanic, Brock Industrial:
19,404 Sq. Ft. BuildingFully Leased by Long-time Tenant
1,260 Sq. Ft. Office W/ Remaining Warehouse
Currently in Year 2 of 4-year Lease Renewal Term
Listing Contacts
Listed by Maloof Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$45,407.63
$3,783.97/mo
Valuation Metrics
0
DSCR
3.25%
Cap Rate
3.25%
ROI
Map
Zoning
B-3 CommercialGeneral CommercialGeneral Business
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View all 160 uses
View all 160 uses Last updated May 13, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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