Retail Property on 2.83
For Sale
Under Contract
$2,350,000
1407 38th Street, Peru, IL 61354
COMMERCIAL - Peru, IL
Lot Size2.83 Acres
Days on Market486
Property Features for 1407 38th Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
RTAIL
Directions
From I-80 take exit 75 (IL Route 251) south to first left (east) and turn left onto 38th Street. Property is on the NE corner of major intersection.
Subdivision
Peru
Standard status
Active Under Contract
APN
1704319000
Lot size
2.83 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
45059
Utilities
Utilities
Water Available
Cooling system
Central Air, Zoned
Building Details
Year built
1983
Floors in Building
1
Number of units
1
Flooring type
Varies
Building materials
Steel Siding
Roof type
Metal
Listing Agency:
Coldwell Banker Commercial Real Estate Group · Coldwell Banker Real Estate
(630) 844-2222
Listed By:
Leah Erickson · License #475204597
(815) 553-2411
Added: Apr 1, 2025
Changed: Jul 28
Last Checked: Jul 30 at 6:06PM
MLS# 12324649
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This for-sale retail property sits on a 2.83-acre lot and is classified under RTAIL zoning. The listing does not provide building size or specific interior improvements, so due diligence on existing conditions and layout will be necessary.
Located at 1407 38th Street in Peru, Illinois, the property is in LaSalle County. Prospective purchasers and brokers should confirm permitted uses and development parameters directly with the local jurisdiction, along with any site-specific requirements tied to the property’s zoning classification.
Located at 1407 38th Street in Peru, Illinois, the property is in LaSalle County. Prospective purchasers and brokers should confirm permitted uses and development parameters directly with the local jurisdiction, along with any site-specific requirements tied to the property’s zoning classification.
Key Highlights
- Built in 1983
- Steel siding exterior construction
- Metal roof
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
386k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 26%
Superstores 22%
Shops & Services 21%
Dining 16%
Target
Superstores
61,004 visits/mo
0.3 miles
Menards
Home Improvements & Furnishings
43,418 visits/mo
0.5 miles
Hobby Lobby
Shops & Services
27,172 visits/mo
0.1 miles
Rural King
Home Improvements & Furnishings
25,499 visits/mo
0.3 miles
Big Lots
Superstores
22,019 visits/mo
0.2 miles
Demographics for 61354, IL
10,447
Population
5,111
Households
2
Avg Household Size
46
Median Age
21%
College-Educated
95%
High-School Grad
42.6 sq mi
ZIP Area
245
Density / Sq Mi
$69,382
Median Household Income
$45,114
Median Earnings
$877
Median Rent
$160,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - For-sale retail property on a 2.83-acre lot in Peru, IL.
Where is this retail space located?
The property is located at 1407 38th Street Peru, IL.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Built in 1983; Steel siding exterior construction; Metal roof
