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1830 4th St 5,800 SF 62% Leased Retail Building Peru, IL 61354 $469,000 ($80.86/SF)
Investment Highlights
- Fully renovated in 2024 with new roof, windows, HVAC, water heaters, and electrical panels.
- Prime downtown location with city support for parking and licensing.
- Mixed-use configuration with one retail/restaurant space and two leased apartments.
- Separate utility meters for all units and dry, clean basement with attic storage.
Executive Summary
The two upper-level apartments are fully leased, providing immediate in-place income. Apartment 1 offers 2,200 square feet with two bedrooms and two full bathrooms, while Apartment 2 includes 1,400 square feet with two bedrooms and 1.5 bathrooms. Both units feature laundry facilities and modern finishes.
Property Facts
Amenities
- 24 Hour Access
Space Availability
- Space
- Size
- Space Use
- Position
- Available
This 2,200-square-foot retail/restaurant space offers a fully renovated, turnkey opportunity in the heart of downtown Peru. The space is ADA-compliant and has never been operated, making it ideal for a new food and beverage concept or specialty retail. The buildout includes a new wood-fired pizza oven valued at $24,000, two ADA-compliant restrooms with subway tile finishes, and a dedicated kitchen area equipped with a 36” six-burner Vulcan range and 200-amp dedicated service. The dining area spans approximately 970 square feet, complemented by a 440-square-foot kitchen and restroom section. Additional features include a three-compartment sink, deep wash station, janitor’s sink, and modern finishes throughout. The property benefits from city support for parking and licensing, ensuring a smooth operational setup for tenants. Positioned in a prime location with strong visibility and easy access to local amenities, this space is ready for immediate occupancy.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,200 SF | Restaurant | - | Now |
1st Floor
| Size |
| 2,200 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 2,200 SF |
| Space Use | Restaurant |
| Position | - |
| Available | Now |
This 2,200-square-foot retail/restaurant space offers a fully renovated, turnkey opportunity in the heart of downtown Peru. The space is ADA-compliant and has never been operated, making it ideal for a new food and beverage concept or specialty retail. The buildout includes a new wood-fired pizza oven valued at $24,000, two ADA-compliant restrooms with subway tile finishes, and a dedicated kitchen area equipped with a 36” six-burner Vulcan range and 200-amp dedicated service. The dining area spans approximately 970 square feet, complemented by a 440-square-foot kitchen and restroom section. Additional features include a three-compartment sink, deep wash station, janitor’s sink, and modern finishes throughout. The property benefits from city support for parking and licensing, ensuring a smooth operational setup for tenants. Positioned in a prime location with strong visibility and easy access to local amenities, this space is ready for immediate occupancy.
Nearby Major Retailers
Property Taxes
| Parcel Number | 17-17-436011 | Improvements Assessment | $48,726 |
| Land Assessment | $2,293 | Total Assessment | $51,019 |
Property Taxes
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1830 4th St
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