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Prime Peru Corner - Former Big Lots 1407 38th St 30,484 SF Retail Building Peru, IL 61354 $2,350,000 ($77.09/SF)

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INVESTMENT HIGHLIGHTS

  • 15,400 VPD
  • Open Plan for Versatile Use
  • Signaled Corner Location

EXECUTIVE SUMMARY

Former Big Lots Store available FOR SALE or FOR LEASE. This is an excellent opportunity for an owner-user, a future investment with a future tenant, or as a redevelopment opportunity in one of La Salle County's busiest shopping district with 15,400 VPD along busy IL Route 251. Seconds from I-80, this busy signaled corner location is surrounded by national big box tenants, fast-food restaurants, a large bowling alley, personal services, and nearby industrial users. With Peru's versatile B-4 zoning, a multitude of retail, light industrial, and personal services would be allowable uses. The interior features 24' column spacing with steel construction spanning 135' from eave to eave and 218' wide. The main interior offers 15'-9" clear height while the entryway and cart corral area features a 10' clear height. There are 2 separate restrooms, a temporary wall to separate the sales and storage areas, and walls do not go to the metal roof allowing flexibility within the space. The building is fully sprinklered & monitored, with emergency exits throughout, plus fire and smoke detectors. The recently sealed parking lot features 140+ painted spaces with a loading dock and 7'-8"x8' overhead door along the east side of the building. Signage includes exterior options, plus a large pylon sign visible from I-80 interchange. Easy access onto the site on both the south and east sides with 2-way traffic and no barrier. Please review Additional Documents for allowable uses, or confirm with Listing Agent or City. Earnest money payable via certified funds to Coldwell Banker Real Estate Group.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Taxes $45,726 $1.50
Operating Expenses - -
Total Expenses $45,726 $1.50

FINANCIAL SUMMARY (ACTUAL - 2024)

Taxes
Annual $45,726
Annual Per SF $1.50
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $45,726
Annual Per SF $1.50

PROPERTY FACTS Under Contract

Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
30,484 SF
Building Class
C
Year Built
1983
Price
$2,350,000
Price Per SF
$77.09
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.25
Lot Size
2.83 AC
Zoning
B-4 - With Peru's versatile B-4 zoning, a multitude of retail, light industrial, and personal services would be allowable uses.
Parking
148 Spaces (4.86 Spaces per 1,000 SF Leased)
Frontage
398’ on 38th Street

AMENITIES

  • Corner Lot
  • Pylon Sign
  • Signage

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 30,484 SF
  • Retail
  • Outparcel
  • Now

This property is under contract but lease and development options are still being considered.

Space Size Space Use Position Available
1st Floor 30,484 SF Retail Outparcel Now

1st Floor

Size
30,484 SF
Space Use
Retail
Position
Outparcel
Available
Now

1st Floor

Size 30,484 SF
Space Use Retail
Position Outparcel
Available Now

This property is under contract but lease and development options are still being considered.

NEARBY MAJOR RETAILERS

Red Lobster
IHOP
Starbucks
Steak ‘n Shake
Applebee's
Olive Garden
Rent-A-Center
Midland States Bank
Woodforest National Bank
Buffalo Wild Wings

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-04-319000
Land Assessment
$308,560
Improvements Assessment
$269,275
Total Assessment
$577,835
Annual Taxes
$45,726 ($1.50/SF)
Tax Year
2024
  • Listing ID: 35335768

  • Date on Market: 4/1/2025

  • Last Updated:

  • Address: 1407 38th St, Peru, IL 61354

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