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Fully Occupied Peru Shopping Center
For Sale
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1610 36TH ST, Peru, IL 61354

100% occupied, 106,649 SF shopping center for sale.

Property Size106,649 SF
Lot Size10.81 Acres
Price / SF$64.02
Days on Market99

Property Features for 1610 36TH ST

General Information

Standard status Active
Size 106,649 SF
Lot size 10.81 Acres
Property subtype Retail
Occupancy 100%
Lease Type NNN
Investment Type Net Lease
Net Operating Income $546,222

Building Details

Year Built 1971
Buildings 1
Stories 1
Tenancy Multi
Listing Agency: Northmarq Capital, LLC
Listed By: Chad Byerly · License #OK 155856
Source: Crexi
Added: May 26 Changed: Aug 7 Last Checked: Aug 29 at 9:58PM

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 Northmarq Capital, LLC

Investment Insights

Based on property information with market context.

The property is a fully occupied shopping center located in Peru, Illinois. It features approximately 106,649 square feet of retail space and is situated on a 10.81-acre lot. The multi-tenant retail center is 100% occupied by a mix of tenants, including Dunham's Sports, Ollie's Bargain Outlet, Harbor Freight, Planet Fitness, and Cricket Wireless. All tenants operate under net lease agreements with rents as low as $3.75 per square foot. The leases include rental increases throughout the base term or during the option periods. Peru, Illinois, is a regional hub in the Illinois Valley, approximately 90 miles southwest of Chicago, with a diversified economy supported by retail, logistics, manufacturing, and healthcare.

Key Highlights

  • 100% Occupied Shopping Center
  • Strong Retail Mix: anchored by Dunham's Sports, Ollie's Bargain Outlet, Harbor Freight, Planet Fitness, and Cricket Wireless
  • Net Lease Agreements with rents as low as $3.75 per square foot

Property Analytics

Current Use

Second Time Around Department Store

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage HVAC Service (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
Balanced
Demand for This Use

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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Similar Off Market Nearby

  • Peru Mall 3940 IL-251, Peru, IL 61354

Frequently Asked Questions

What type of property is this?
Shopping center - 100% occupied, 106,649 SF shopping center for sale.
Where is this shopping center located?
The property is located at 1610 36TH ST Peru, IL.
What is the asking price?
The asking price for this property is $6,828,000.
What are key features of this property?
This property features: 100% Occupied Shopping Center; Strong Retail Mix: anchored by Dunham's Sports, Ollie's Bargain Outlet, Harbor Freight, Planet Fitness, and Cricket Wireless; Net Lease Agreements with rents as low as $3.75 per square foot
(918) 794-9516 Call to check price and availability
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