Anchored Retail Center For
For Sale
Contact for pricing
Pending
1647 38th St., Peru, IL 61354
Multi-anchored retail center with national tenants and value-add opportunity.
Property Size101,771 SF
Days on Market331
Property Features for 1647 38th St.
General Information
Standard status
Pending
Size
101,771 SF
Property subtype
Retail
Occupancy
90%
Lease Type
NNN
Building Details
Buildings
1
Units
4
Listing Agency:
Riser Retail Group Carmel
Listed By:
John F. Riser · License #RB14036150
Source:
Crexi
Added: Oct 6, 2025
Changed: Aug 8
Last Checked: Jul 24 at 5:53PM
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 Riser Retail Group Carmel
Investment Insights
Based on property information with market context.
This multi-anchored retail center features a strong mix of national tenants and is shadow-anchored by Home Depot. The property is 90% occupied with NNN leases, presenting a value-add opportunity through the 10% vacancy. It is located close to a major interstate and benefits from strong traffic counts. The property has a size of 101771 square feet and is suitable for commercial real estate and retail purposes.
Key Highlights
- Strong mix of national tenants
- Home Depot shadow anchored
- 90% occupied retail center
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
386k
Monthly Visits Nearby
Well-served
Demand for This Use
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
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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 - Multi-anchored retail center with national tenants and value-add opportunity.
Where is this shopping center located?
The property is located at 1647 38th St. Peru, IL.
What are key features of this property?
This property features: Strong mix of national tenants; Home Depot shadow anchored; 90% occupied retail center
