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Corner Retail Space with Pylon Sign
For Lease
Contact for pricing

514 Fifth Street, Peru, IL 61354

Open-plan space supports retail, office, and food-and-beverage uses with a break room and kitchenette.

Space Size1,250 SF
Days on Market91

Property Features for 514 Fifth Street

General Information

Standard status Active
Size 1,250 SF
Property subtype Retail

Building Details

Building Size 1,250 SF

Spaces For Lease

at 514 Fifth Street Contact us

514 Fifth Street, Peru, IL

Size
1,250 SF
Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: Cawley Chicago
Listed By: Jon Chamlin
Source: Cawleycre
Added: Jun 2 Changed: Aug 31 Last Checked: Aug 31 at 1:25PM

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 Cawley Chicago

Investment Insights

Based on property information with market context.

This 1,250 SF retail space at 514 Fifth Street offers an open layout with a break room and kitchenette. The premises are available immediately and can accommodate a 2- to 5-year lease term. Permitted use potential identified for the space includes retail, office, and food-and-beverage operations.

Positioned on a highly visible corner in Peru, the property records approximately 12,000 vehicles per day. Free off-street parking supports customer access, while a pylon sign provides on-site identification for occupants. The combination of open interior space, parking, and prominent signage creates a practical storefront setting for a range of commercial users.

Key Highlights

  • 1,250 SF of available retail space
  • Approximately 12,000 vehicles per day
  • Highly visible corner position with pylon sign

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency HVAC Service Kitchen & Bath Showroom Electrical Service (Bike/Boat/Book/etc) Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

237
Businesses Nearby
2k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 100%
SUBWAY Dining
2,007 visits/mo 0.4 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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Open-plan space supports retail, office, and food-and-beverage uses with a break room and kitchenette.
Where is this retail space located?
The property is located at 514 Fifth Street Peru, IL.
What are key features of this property?
This property features: 1,250 SF of available retail space; Approximately 12,000 vehicles per day; Highly visible corner position with pylon sign
More about this property
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