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    1915 4Th St Peru, IL 61354

    Sponsored
    For Sale
    $640,000

    Modern, move-in ready office space for sale or lease.

    Property size:
    5,046 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 5,046 square foot medical office building is ideally situated in the vibrant Peru, IL downtown business district at 1915 4th Street. The property boasts a prime location offering excellent visibility and accessibility. The building itself is attractively appointed and presents a "move-in ready" condition, eliminating the need for extensive renovations. The spacious interior includes a full basement, partially finished, providing ample storage and potential for additional usable space. Parking is readily available with 16 dedicated spaces located at the rear of the building, supplemented by street parking on 4th Street. This versatile property presents a compelling opportunity for both end-users seeking a modern, well-equipped office space and investors looking for a strong return. The 0.34-acre lot provides ample space for the building and parking. The asking price is $640,000, and the property is available for both sale and lease. Serious inquiries are encouraged.

    Property Features for 1915 4Th St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    5,046 SF
    Lot Size
    14,810 SF

    Building Details

    Year Built
    1998
    Property Profile Location Intelligence

    Current Use by Public Records

    Finkelstein Eye Associates: ... Doctor Finkelstein Eye Associates: ... Ophthalmologist Dr. Robert P. ... Ophthalmologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Peru
    County
    LaSalle
    State
    Illinois
    Longitude
    -89.13121
    Latitude
    41.32788

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    FAQs

    What type of property is this?
    Office Property / Space - Modern, move-in ready office space for sale or lease.
    Where is this office property / space located?
    The property is located at 1915 4Th St Peru, IL.
    What is the asking price?
    The asking price for this property is $640,000.
    (815) 223-3875
    Request Owner's contact information
    1915 4Th 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
    1915 4Th St Peru, IL 61354
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