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    Prime Corner Retail with Drive-Thru Title is generated by Realmo AI

    4141 Venture Drive, Peru, IL 61354

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    COMMERCIAL - Peru, IL

    Type:Retail
    Property size:
    1,800 SF
    Lot size:
    0.75 Acres
    Added:
    May 13, 2026
    Days on Market:
    5
    Last Refresh:
    May 17 at 2:06 am

    Property Features for 4141 Venture Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Zoning
    RTAIL
    Standard status
    Active
    Size
    1,800 SF
    Lot size
    0.75 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    6931

    Utilities

    Utilities
    Cable Available

    Building Details

    Year built
    1991
    Floors in Building
    1
    Number of units
    2

    We can help!

    Listing Contact
    Leah Erickson
    Leah Erickson

    Listing agent Leah Erickson License #475204597

    Listing office Coldwell Banker Commercial Real Estate Group 38 W Countryside Pkwy Ste B, Joliet, IL

    Listing date May 13, 2026

    MLS# 12648041

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location at Venture Drive and IL 251 near I‑80, exit 75, with nearly 15,000 vehicles daily.
    • Existing drive‑thru canopy area allows for cost‑effective conversion.
    • Established infrastructure offers a cost‑effective alternative to ground‑up development.
    • Located in La Salle county's highest sales tax generating shopping area with strong corner visibility.
    • Flexible repositioning potential with B‑2 Community Shopping zoning.
    • Additional tenant space available for buildout (approximately 1,500‑1,800 sf) under the existing drive‑through area.

    Overview

    This former bank property, featuring an existing drive-thru canopy, presents a cost-effective opportunity for new tenant space. The site benefits from pre-existing parking, utilities, access, and infrastructure. Located in La Salle county's highest sales tax generating shopping area, the property offers strong corner visibility and established neighboring traffic. The location at Venture Drive and IL 251, seconds from I-80 and exit 75, experiences a daily traffic flow of nearly 15,000 vehicles. Ample on-site parking is available, and the property allows for the potential incorporation of a drive-through window with sufficient car stacking space. Unit 1 is currently an active Custard and Bubble Tea shop. An additional tenant space is available for buildout under the existing drive through area of the building. Zoned B-2 Community Shopping, the 0.75-acre lot offers versatile options for various business visions, subject to Peru Mall subdivision approval. The property is an exceptional redevelopment opportunity for QSR, retail, or service users seeking speed to market. Tenant buildout must be approximately 1,500-1,800 square feet, but lease terms and BTS options are negotiable.
    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
    -89.126839
    Latitude
    41.359797

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    FAQs

    What type of property is this?
    Retail space - Former bank with drive-thru, ideal for QSR or retail.
    Where is this retail space located?
    The property is located at 4141 Venture Drive Peru, IL.
    What are key features of this property?
    This property features: Prime location at Venture Drive and IL 251 near I‑80, exit 75, with nearly 15,000 vehicles daily.; Existing drive‑thru canopy area allows for cost‑effective conversion.; Established infrastructure offers a cost‑effective alternative to ground‑up development.
    (815) 553-2411
    We can help!
    Listing Contact
    Leah Erickson
    Leah Erickson
    Real Estate License ID: 475204597
    Learn More
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    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
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