Restaurant and Bar For
For Sale
$414,900
2110 4th Street, Peru, IL 61354
For-sale restaurant and bar property located on 4th Street in Peru, IL.
Property Size2,068 SF
Days on Market202
Property Features for 2110 4th Street
General Information
Standard status
Active
Size
2,068 SF
Property subtype
Business Opportunity
Zoning
COMMR
Taxes and HOA fees
Annual Taxes
$3,349
Amenities
Central Air
Building Details
Building Size
2,068 SF
Stories
1
Listing Agency:
BHHS Central Illinois, REALTORS
Listed By:
Brandon Shaffer · License #471019606
(309) 363-5393
Source:
Evrealestate
Added: Apr 9
Changed: Oct 26
Last Checked: Oct 26 at 3:40PM
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 BHHS Central Illinois, REALTORS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale restaurant and bar property is located at 2110 4th Street in Peru, Illinois. The offering is marketed under Bars & Pubs and Restaurants, making it suited for hospitality-focused operators or investors looking for a dining and bar use within an existing commercial setting.
Per the provided directions, the property sits on 4th Street between Pike and Calhoun. The property is in LaSalle County.
Additional details on building layout, size, condition, amenities, or tenant situation were not provided with the listing information. Interested parties should contact the listing broker for more specifics regarding the facility and any included fixtures or business assets.
Per the provided directions, the property sits on 4th Street between Pike and Calhoun. The property is in LaSalle County.
Additional details on building layout, size, condition, amenities, or tenant situation were not provided with the listing information. Interested parties should contact the listing broker for more specifics regarding the facility and any included fixtures or business assets.
Key Highlights
- Restaurant and bar property for sale on 4th Street in Peru, IL
- Located on 4th St between Pike and Calhoun
- Central air cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,584
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,680
$551.7K
Cap Rate 7%
$394,057
$394.1K
Cap Rate 9%
$306,489
$306.5K
Market Conditions
NOI Build-Up for 2,068 SF
Gross rent
$39.2K $18.96/SF
− Vacancy
−$2.4K −$1.18/SF
EGI
$36.8K $17.78/SF
− OpEx
−$9.2K −$4.45/SF
NOI
$27.6K $13.34/SF
Area
LaSalle, IL
La Salle County, LA
Vacancy
6.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,680
Cap Rate 7%
$394,057
Cap Rate 9%
$306,489
Alternative Uses
Best Use
Specialty Retail
$394.1K
$344.8K – $459.7K
NOI $27,584 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$517.6K
$452.9K – $603.9K
NOI $36,231 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
16k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Home Improvements & Furnishings 30%
Dollar General
Shops & Services
7,226 visits/mo
0.4 miles
Debo Ace Hardware
Home Improvements & Furnishings
4,988 visits/mo
0.3 miles
BP
Shops & Services
4,201 visits/mo
0.5 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Riverfront Bar & Grill — 1525 Water St, Peru, IL 61354
- Bailey's Place Gaming Cafe — 2129 4th St, Peru, IL 61354
- Lady Luck Video Gaming — 2121 4th st, peru, il 61354
- Lucky Spur Saloon And Gaming — 2110 4th St, Peru, IL 61354
- Bailey's Place Gaming Cafe — 1815 4th St, Peru, IL 61354
Frequently Asked Questions
What type of property is this?
Bar & Pub - For-sale restaurant and bar property located on 4th Street in Peru, IL.
Where is this bar & pub located?
The property is located at 2110 4th Street Peru, IL.
What is the asking price?
The asking price for this property is $414,900.
What are key features of this property?
This property features: Restaurant and bar property for sale on 4th Street in Peru, IL; Located on 4th St between Pike and Calhoun; Central air cooling
