Outparcel Retail Space Along
For Lease
Contact for pricing
1421 38th St, Peru, IL 61354
Outparcels along IL-251 offer strong visibility for QSR or coffee build-to-suit and ground lease opportunities.
Space Size20,000 SF
Days on Market354
Property Features for 1421 38th St
General Information
Standard status
Active
Size
20,000 SF
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Spaces For Lease
at 1421 38th St
1421 38th St
AVAILABLE, Now
Floor
1
Size
20,000 SF
Type
RETAIL
Rate
Contact for pricing
Sublease
No
- Outparcels available located along IL-251, ideal for QSRs & coffee users- *sizing can be modified
- Free-standing building opportunity +/- 10,000 SF
- Strong visibility from IL-251
- Build-to-suit & ground lease opportunities
- IL-251 - 15,400 VPD
Contact us
Listing Agency:
Pace Properties
(314) 968-9898
Listed By:
Ashley Krekovich · License #1999033116
(314) 785-7613
Source:
Moodyscre
Added: Nov 12, 2025
Changed: Oct 26
Last Checked: Oct 30 at 6:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pace Properties
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Investment Insights
Based on property information with market context.
Freestanding outparcel retail opportunity available along IL-251, with a build-to-suit and ground lease format and QSR and coffee-friendly positioning. Public remarks indicate sizing can be modified and there is an opportunity for a free-standing building of approximately 10,000 SF.
The site benefits from strong visibility from IL-251, and IL-251 carries 15,400 VPD. Outparcels are offered along IL-251, supporting flexibility for tenants seeking drive-up oriented retail concepts.
A total property size of 20,000 SF is noted in the provided information. Interested users can review the available outparcel configuration and align it with their preferred site plan and operating needs for a ground-up retail arrangement.
The site benefits from strong visibility from IL-251, and IL-251 carries 15,400 VPD. Outparcels are offered along IL-251, supporting flexibility for tenants seeking drive-up oriented retail concepts.
A total property size of 20,000 SF is noted in the provided information. Interested users can review the available outparcel configuration and align it with their preferred site plan and operating needs for a ground-up retail arrangement.
Key Highlights
- Outparcels available along IL‑251
- Free‑standing building opportunity of approximately 10,000 SF
- Strong visibility from IL‑251
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
387k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 26%
Shops & Services 22%
Superstores 21%
Dining 16%
Target
Superstores
61,004 visits/mo
0.4 miles
Menards
Home Improvements & Furnishings
43,418 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
27,172 visits/mo
0.3 miles
Rural King
Home Improvements & Furnishings
25,499 visits/mo
0.2 miles
Big Lots
Superstores
22,019 visits/mo
0.1 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
Frequently Asked Questions
What type of property is this?
Retail space - Outparcels along IL-251 offer strong visibility for QSR or coffee build-to-suit and ground lease opportunities.
Where is this retail space located?
The property is located at 1421 38th St Peru, IL.
What are key features of this property?
This property features: Outparcels available along IL‑251; Free‑standing building opportunity of approximately 10,000 SF; Strong visibility from IL‑251
