1655-1657 38th St | Peru, IL 61354
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- LoopNet Team
1655-1657 38th St
Peru, IL 61354
High-Occupancy Center with National Tenants · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Expansive Hobby Lobby-anchored shopping center with a tenant roster comprised exclusively of national retailers.
- Hobby Lobby has a lease through 2033 and four five-year renewal options.
- Tremendous investment opportunity with 90% occupancy and a weighted average lease term of 8.64 years.
- Located along Illinois Highway 251, which has annual sales exceeding $600M.
PROPERTY FACTS
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Storefront
Building Size
101,771 SF
Building Class
B
Year Built/Renovated
1984/2022
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
8.74 AC
Parcel Number
17-05-415001
Zoning
B-2
Parking
387 Spaces (3.8 Spaces per 1,000 SF Leased)
1 of 1
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