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    2 16Th St Peru, IL 61354

    For Sale
    $399,000

    Land - Peru, IL

    Lot size:
    3.92 Acres
    Days on Market:
    34
    Last Refresh:
    Dec 8 at 4:06 am

    Property Features for 2 16Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1716130004
    Lot size
    3.92 Acres

    Building Details

    Architectural style
    Other

    Brokerocity Inc. (847) 984-9500 [email protected]

    Listing agent Tyler Fialko (847) 984-9500 License #475190237

    Listing date Nov 5, 2025

    MLS# 12511673 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land in Peru, IL

    This 3.92-acre commercial land is located in Peru, Illinois. The lot has high visibility along Illinois Route 251, situated next to a McDonald's and CVS. The property is intended for commercial use and is ready for development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Peru
    County
    LaSalle
    State
    Illinois
    Longitude
    -89.112516
    Latitude
    41.337717

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    FAQs

    What type of property is this?
    Commercial land - High visibility commercial land ready for development in Peru, IL.
    Where is this commercial land located?
    The property is located at 2 16Th St Peru, IL.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - High visibility location on busy IL 251; - Commercial use land ready for development; - Located next to McDonalds
    (847) 984-9500
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    2 16Th St Peru, IL 61354
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    Peru, IL 61354
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2 16Th St Peru, IL 61354
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