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3705 Frontage Rd
Peru, IL 61354
Mitsubishi · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Prime Location on Route 251 – High-visibility site with excellent exposure, easy interstate and state road access, and directly across from Peru Mall.
- ±14,290 SF Across 3 Buildings – Flexible layout with showrooms, offices, garages/shops, conference room, kitchen, break room, and bathrooms.
- Surrounded by National Tenants – Located in one of LaSalle County’s most active commercial corridors, w/nearby restaurants, retailers, and dealerships
- 3 Parcels Totaling ±3.7 Acres – Includes main lot, north lot, and rear parcel (ideal for parking, storage, or future development).
- Well-Equipped Facilities – Main building features a 72x64 shop with overhead doors, detail garage, offices, and loft storage.
- Outstanding Investment Potential – Previously a successful multi-brand dealership, the property is ready for redevelopment or repositioning.
EXECUTIVE SUMMARY
Now available for sale: the former Coronet of Peru property, offering an exceptional opportunity for investors, business owners, and developers. This high-visibility commercial site includes 3 parcels totaling approximately 3.7 acres MOL and features 3 buildings with a combined square footage of approximately 14,290 MOL. Zoned for flexible use including retail, industrial, and more, this property is located directly on Route 251 with excellent exposure and convenient access to interstates and major state roads. Previously operated as a successful multi-brand car dealership, the main building includes a 72x64 garage/shop with two 12x14 overhead doors, a 24x24 detail garage, showroom measuring 40x49, multiple offices, bathroom, waiting area, and an upper-level loft/storage room. The north building features a showroom, offices, conference room, kitchen, break room, bathrooms, and two electric vehicle charging stations. The south building offers approximately 1,230 square feet with an additional showroom and bathroom. A third parcel located behind the main building is vacant and ideal for parking, storage, or future development. Surrounded by national retailers, restaurants, car dealerships, and directly across from the Peru Mall, this location is second to none. An outstanding investment opportunity with room to grow in one of LaSalle County's most active commercial corridors.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
14,290 SF
Building Class
C
Year Built
1977
Price
$2,349,000
Price Per SF
$164.38
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
3.70 AC
Zoning
Commercial - Commercial Zoning
AMENITIES
- Car Charging Station
PROPERTY TAXES
| Parcel Number | 17-04-316000 | Improvements Assessment | $165,641 |
| Land Assessment | $185,849 | Total Assessment | $351,490 |
PROPERTY TAXES
Parcel Number
17-04-316000
Land Assessment
$185,849
Improvements Assessment
$165,641
Total Assessment
$351,490
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