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 Market151
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:
Snyder Real Estate Agency, Inc.
Listed By:
Brandon Shaffer · License #471019606
(309) 363-5393
Source:
Evrealestate
Added: Apr 9
Changed: Aug 27
Last Checked: Sep 6 at 6:26AM
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 Snyder Real Estate Agency, Inc.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,584
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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
