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    510-512 5Th St Peru, IL 61354

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    For Lease
    Contact for pricing

    Vintage/retro styled retail space with high visibility and recent restoration.

    Property size:
    1,150 SF
    Lot size:
    0.13 Acres

    Property Features for 510-512 5Th St

    General Information

    Size
    1,150 SF
    Lot size
    0.13 Acres

    Source: Cawley Chicago Agent Jon Chamlin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restored Retail Space in Peru

    This 1150-square-foot space is suitable for retail, studio, food and beverage, or office use. The property features vintage/retro styling and has undergone a recent restoration. It is located steps from Westclox in Peru’s historic east end, offering high visibility on US Route 6 with a traffic count exceeding 9400 vehicles daily. The restoration includes two new restrooms, a bar with a three-compartment sink, new lighting, and new floors. Chairs, tables, and barstools are available for 46 patrons. Kitchen equipment, two televisions, and a stereo are included. The property also features a large fenced concrete patio, a warm, dry basement, a dumbwaiter, and a washer and dryer. Decor is negotiable. Additional features include high-efficiency HVAC and a new roof. Pylon signage is available. It is ideal for a bar, pizza by the slice, ice-cream shop, or pop-up restaurant.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    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.

    Similar Places Nearby

    Riverfront Bar & Grill, White Way Tavern, Bridgetenders Pub, Elle's Tap, Pour judgement

    Location Insight

    • Map
    • Local Demand
    City
    Peru
    County
    LaSalle
    State
    Illinois
    Longitude
    -89.112028
    Latitude
    41.329066

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    FAQs

    What type of property is this?
    Bar - Vintage/retro styled retail space with high visibility and recent restoration.
    Where is this bar located?
    The property is located at 510-512 5Th St Peru, IL.
    What are key features of this property?
    This property features: - High visibility location on US Route 6 with significant daily traffic (9400+ vehicles).; - Fresh restoration including new restrooms, lighting, floors, and a new roof.; - Equipped bar with 3-compartment sink and kitchen equipment included.
    (312) 766-4281
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    510-512 5Th 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
    510-512 5Th St Peru, IL 61354
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