Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4141 Venture Dr Peru, IL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Customizable retail space with high traffic and drive-through potential.

    Type:RETAIL
    Property size:
    2,500 SF
    Lot size:
    0.76 Acres
    Added:
    May 9, 2024
    Days on Market:
    723
    Last Refresh:
    Apr 5 at 11:20 pm

    Property Features for 4141 Venture Dr

    General Information

    Standard status
    Active
    Size
    2,500 SF
    Lot size
    0.76 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 4141 Venture Dr Contact us

    We can help!

    Listing Contact
    Leah Erickson
    Leah Erickson

    Listing agent Leah Erickson License #475204597

    Listing office Coldwell Banker Commercial Real Estate Group

    Listing date May 9, 2024

    Source Moodyscre

    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

    Overview

    Prime Retail Space in Peru

    Located at the intersection of Venture Drive and IL 251 in Peru, this retail space offers customizable options for a second tenant. The location benefits from a daily traffic flow of nearly 15,000 vehicles and ample on-site parking. There is potential for incorporating a drive-through window with sufficient car stacking space. Unit 1, scheduled to open in Summer 2024, will feature desserts and beverages. An additional tenant space is available for buildout under the existing drive through area of the building. The property is zoned B-2 Community Shopping, offering versatility for business use. The Peru Mall subdivision imposes covenants and conditions on design and tenant type. The available space is 2500 square feet. Rental rate includes CAM & taxes for listing purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Building Supply Dental Office Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Peru
    County
    LaSalle
    State
    Illinois
    Longitude
    -89.1268
    Latitude
    41.3598

    Nearby Similar for Lease

    • Contact for pricing

      Clean Warehouse Space in Peru

      Functional warehouse space with easy access to major interstates.
      4800 Industrial Drive, Peru, IL 61354
      View Details
    • $15 SF/Yr

      Available Office Space For Lease

      Office space available for lease with negotiable terms.
      300 Walnut St, Peru, IL
      View Details
    • Contact for pricing

      Functional Warehouse Space in Peru

      Well-maintained warehouse with easy access to major interstates.
      4800 Industrial Drive, Peru, IL 61354
      View Details
    • Contact for pricing

      Retail Space in Peru Marketplace

      Retail space available in a busy, shadow-anchored shopping center.
      5253 IL-251, Peru, IL
      View Details
    • Contact for pricing

      Large Divisible Industrial Space Available

      1,676,480 sq ft divisible space for lease near I-80.
      I-80 and Plank Road, Peru, IL 61301
      View Details
    • Contact for pricing

      Trailer Parking For Lease

      Trailer parking available near I-80 and I-39 interchange.
      3808 Progress Blvd., Peru, IL 61354
      View Details
    • Contact for pricing

      Spacious Warehouse Near I-80

      1,676,480 sq ft warehouse space for lease near I-80.
      I-80 and Plank Road, Peru, IL 61301
      View Details
    • Contact for pricing

      Versatile Commercial Space Available

      Adaptable space suitable for retail or commercial operations.
      910 Shooting Park Rd, Peru, IL
      View Details
    • Contact for pricing

      Restored Retail Space in Peru

      Vintage/retro styled retail space with high visibility and recent restoration.
      510-512 5th St, Peru, IL
      View Details

    FAQs

    What type of property is this?
    Retail space - Customizable retail space with high traffic and drive-through potential.
    Where is this retail space located?
    The property is located at 4141 Venture Dr Peru, IL.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: High‑traffic location at Venture Drive and IL 251 with nearly 15,000 vehicles daily.; Ample on‑site parking.; Opportunity to incorporate a **drive‑through window with sufficient car stacking space**.
    (815) 780-7952 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Leah Erickson
    Leah Erickson
    Real Estate License ID: 475204597
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    4141 Venture Dr, Peru, IL

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!