Two-Tenant Mixed-Use
New
For Sale
$625,000
4105 Frontage Rd, Peru, IL 61354
Separate utility meters serve an Enterprise Rent-A-Car suite and a former orthodontics clinic configured for dental or medical care.
Property Size4,220 SF
Days on Market2
Property Features for 4105 Frontage Rd
General Information
Standard status
Active
Size
4,220 SF
Total Parking Spaces
31
Property subtype
Retail
Zoning
B-4
Building Details
Building Size
4,220 SF
Year Built
1977
Stories
1
Units
2
Listing Agency:
Coldwell Banker Commercial Real Estate Group
Listed By:
Leah Erickson · License #475204597
(815) 780-7952
Source:
Cbcworldwide
Added: Oct 30
Last Checked: Oct 30 at 2:28PM
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 Coldwell Banker Commercial Real Estate Group
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Investment Insights
Based on property information with market context.
This 4,220-square-foot mixed-use building contains two suites. Enterprise Rent-A-Car occupies 1,620 square feet, with a customer lobby, open workspace, two private offices, a kitchenette, and an exterior garage wash bay. Its lease is active and includes future options. The other 2,600-square-foot suite is configured as an orthodontics clinic, with treatment rooms, a multi-chair treatment area with water and air lines, reception, records storage, a private office, staff breakroom, two restrooms, and secured exterior-access storage.
The suites have separate utility meters. The property is zoned B-4 and was built in 1977.
The suites have separate utility meters. The property is zoned B-4 and was built in 1977.
Key Highlights
- 4,220‑square‑foot building with two separate commercial suites
- Enterprise Rent‑A‑Car occupies 1,620 SF; active lease includes future options
- 2,600 SF orthodontics clinic suite with treatment rooms and a multi‑chair treatment area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,308
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,160
$1.0M
Cap Rate 7%
$718,686
$718.7K
Cap Rate 9%
$558,978
$559.0K
Market Conditions
NOI Build-Up for 4,220 SF
Gross rent
$93.7K $22.20/SF
− Vacancy
−$9.8K −$2.33/SF
EGI
$83.8K $19.87/SF
− OpEx
−$33.5K −$7.95/SF
NOI
$50.3K $11.92/SF
Area
LaSalle, IL
La Salle County, LA
Vacancy
10.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,160
Cap Rate 7%
$718,686
Cap Rate 9%
$558,978
Alternative Uses
Best Use
Healthcare Medical
$718.7K
$628.9K – $838.5K
NOI $50,308 @ 7.0% cap · market cap 8.05%
Second Best
Office B
$703.2K
$615.3K – $820.4K
NOI $49,222 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$1.06M
$924.2K – $1.23M
NOI $73,934 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate utility meters serve an Enterprise Rent-A-Car suite and a former orthodontics clinic configured for dental or medical care.
Where is this mixed-use property located?
The property is located at 4105 Frontage Rd Peru, IL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 4,220‑square‑foot building with two separate commercial suites; Enterprise Rent‑A‑Car occupies 1,620 SF; active lease includes future options; 2,600 SF orthodontics clinic suite with treatment rooms and a multi‑chair treatment area
