1407 38th St
Peru, IL 61354
Land For Sale · 0.46 AC

Positioned along the high-traffic IL-251 corridor with 15,400 vehicles per day, this retail development offers exceptional visibility and accessibility in the heart of Peru’s thriving commercial district. The site features up to 20,000 SF of retail space and multiple 1-acre outlots, with flexible sizing and build-to-suit or ground lease options tailored to tenant needs. The property is surrounded by national retailers including Walmart, Menards, Hobby Lobby, and Target, creating a strong co-tenancy environment that drives consistent consumer traffic.
The trade area benefits from a robust daytime population of over 21,000 within a 5-mile radius and a median household income exceeding $66,000, making it an attractive location for quick-service restaurants, coffee shops, and other retail concepts. The site plan includes a ±10,000 SF freestanding building opportunity and multiple pad-ready parcels, each with customizable acreage and layout. The property’s proximity to Illinois Valley Regional Airport and major thoroughfares such as I-39 and US-80 further enhances its regional connectivity.
This location is ideal for tenants seeking high visibility, flexible development options, and access to a densely populated and economically stable community. With a strategic position in a retail-heavy corridor and strong demographic support, 1407 38th Street offers a compelling opportunity for retailers looking to expand in north-central Illinois.