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Prime Peru Corner - Former Big Lots 1407 38th St 30,484 SF of Retail Space Available in Peru, IL 61354
HIGHLIGHTS
- 15400 VPD
- Ample Parking
- Corner lot at Signaled Intersection
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 30,484 SF | 15’9” | Negotiable | $10.50 /SF/YR $0.88 /SF/MO $320,082 /YR $26,674 /MO | Triple Net (NNN) |
1st Floor
This property is under contract but lease and development options are still being considered.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Space In Need of Renovation
- 1 Loading Dock
- Central Air and Heating
- Private Restrooms
- Security System
- Corner Space
- High Ceilings
- Exposed Ceiling
- Finished Ceilings: 15’9”
- Smoke Detector
- Wheelchair Accessible
- 15,400 VPD Visibility
- Corner Standalone Property
- Signaled Intersection
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 30,484 SF | Gross Leasable Area | 30,484 SF |
| Property Type | Retail | Year Built | 1983 |
| Property Subtype | Freestanding | Parking Ratio | 4.86/1,000 SF |
| Total Space Available | 30,484 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 30,484 SF |
| Year Built | 1983 |
| Parking Ratio | 4.86/1,000 SF |
ABOUT THE PROPERTY
This property is Under Contract for Purchase but lease and development options are still being considered. 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.
- Corner Lot
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
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Prime Peru Corner - Former Big Lots | 1407 38th St
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