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Former Sears Retail Building
For Sale
Contact for pricing
Pending

1607 36th St, Peru, IL 61354

Single-story mall-connected retail building offering substantial space for a new occupant.

Property Size98,444 SF
Lot Size8.38 Acres
Days on Market141

Property Features for 1607 36th St

General Information

Standard status Pending
Size 98,444 SF
Lot size 8.38 Acres
Property subtype Retail

Building Details

Buildings 1
Stories 1
Listing Agency: CBRE - Oak Brook
Listed By: Michael Wilson · License #475.210619
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 11:05PM

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 CBRE - Oak Brook

Investment Insights

Based on property information with market context.

The property comprises a single-story former Sears building containing approximately 98,444 square feet on approximately 8.38 acres. The vacant building is physically connected to the south end of Peru Mall, providing an established retail setting and a substantial footprint for future occupancy.

Located at 1607 36th St in Peru, Illinois, the asset is positioned within the Peru Mall complex. The offering includes a 100% fee simple interest in the property, with the existing building available for re-tenanting.

Key Highlights

  • Approximately 98,444‑square‑foot single‑story former Sears building
  • Approximately 8.38 acres
  • Connected to the south end of Peru Mall

Property Analytics

Current Use

Hearing Solutions of Peoria Hearing Aid Store Cellular Advantage Inc Mobile Phone Store Sears Appliance Repair Home Appliance Store

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Hair Salon (Bike/Boat/Book/etc) Store Electrical Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

406
Businesses Nearby
283k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 33% Shops & Services 28% Groceries 19% Apparel 8%
Hy-Vee Groceries
53,284 visits/mo 0.4 miles
Hobby Lobby Shops & Services
27,172 visits/mo 0.4 miles
Culver's Dining
25,133 visits/mo 0.5 miles
Big Lots Superstores
22,019 visits/mo 0.5 miles
Wendy's Dining
18,274 visits/mo 0.4 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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Single-story mall-connected retail building offering substantial space for a new occupant.
Where is this retail space located?
The property is located at 1607 36th St Peru, IL.
What are key features of this property?
This property features: Approximately 98,444‑square‑foot single‑story former Sears building; Approximately 8.38 acres; Connected to the south end of Peru Mall
(312) 297-7688 Call to check price and availability
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