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    2 Cougar Dr Peru, IL 61354

    Sponsored
    For Sale
    $127,979

    2.938 Acres, Industrial Zoning, Low Taxes

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.938-acre commercial lot, located in the JP Hollerich Industrial Park in Peru, Illinois, presents a unique investment opportunity. Situated near Interstate 80, this property boasts convenient access to major transportation routes, enhancing its logistical appeal. The lot is zoned for industrial use and benefits from a low tax rate, making it an attractive option for businesses seeking cost-effective solutions. All city utilities are readily available, including water, sewer, power, phone, and high-speed fiber optic cable. Importantly, no on-site water detention or retention is required, simplifying development plans. The property is part of a new Tax Increment Financing (TIF) district and is located within an Enterprise Zone, offering potential tax advantages. The parcel is conveniently located next to the airport, further enhancing its accessibility. The property's APN is 1706109001, and it is offered as a fee simple ownership. The asking price is $127,979. While lots 6 & 7 are available for division, this listing specifically focuses on the features of this particular 2.938-acre lot. This prime location and comprehensive utility access make this an ideal site for various industrial ventures.

    Property Features for 2 Cougar Dr

    General Information

    Property type
    Land
    Lot Size
    87,120 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Peru
    County
    LaSalle
    State
    Illinois
    Longitude
    -89.1603076
    Latitude
    41.3612905

    Nearby Comparable

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    FAQs

    What type of property is this?
    Land - 2.938 Acres, Industrial Zoning, Low Taxes
    Where is this land located?
    The property is located at 2 Cougar Dr Peru, IL.
    What is the asking price?
    The asking price for this property is $127,979.
    Request Owner's contact information
    2 Cougar Dr Peru, IL 61354
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    Realmo Value Estimation

    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.

    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.

    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
    2 Cougar Dr Peru, IL 61354
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