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    3915 Progress Blvd Peru, IL 61354

    Sponsored
    For Sale
    $350,000

    5,000 sq ft, ideal for various uses

    Property size:
    5,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 5,000-square-foot commercial building is strategically located in North Peru, Illinois, offering unparalleled convenience with its proximity to Interstate 80. The property sits on a 0.45-acre lot and boasts a spacious interior perfect for a variety of commercial ventures. Previously used as an auto parts store, the building features a substantial 12-foot overhead door, making it suitable for businesses requiring easy access for larger vehicles or equipment. The concrete flooring provides durability and ease of maintenance. Ample parking is available on-site, accommodating approximately 20 vehicles. This versatile property presents a significant opportunity for businesses seeking a well-maintained, readily accessible space in a thriving location. The building is available for immediate purchase, and lease options are also available. Its prime location and functional design make it an attractive option for a wide range of commercial uses. The property's size and features offer significant potential for growth and expansion. Interested parties are encouraged to schedule a viewing to fully appreciate the possibilities this exceptional commercial space offers. The asking price is $350,000.

    Property Features for 3915 Progress Blvd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,000 SF
    Lot Size
    19,602 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Laco Radio Radio Broadcaster

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Peru
    County
    LaSalle
    State
    Illinois
    Longitude
    -89.12155
    Latitude
    41.35534

    Nearby Comparable

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    Nearby Similar for Sale

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      Retail Property in Peru, Illinois

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    FAQs

    What type of property is this?
    Commercial real estate - 5,000 sq ft, ideal for various uses
    Where is this commercial real estate located?
    The property is located at 3915 Progress Blvd Peru, IL.
    What is the asking price?
    The asking price for this property is $350,000.
    (815) 223-1088
    Request Owner's contact information
    3915 Progress Blvd 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
    3915 Progress Blvd Peru, IL 61354
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