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    3 Cougar Dr Peru, IL 61354

    Sponsored
    For Sale
    $127,761

    2.93 acres, I-80 access, low taxes.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.93-acre commercial lot, identified as Lot 3 Cougar Drive, is situated in the desirable JP Hollerich Industrial Park in Peru, Illinois, and presents a compelling investment opportunity. The property boasts convenient access to Interstate 80, significantly enhancing logistics and transportation efficiency. Zoned for industrial use, this fee-simple land parcel requires no on-site water detention, simplifying development plans. All essential utilities are readily available, including municipal water, sanitary sewer, electricity, gas, phone lines, and high-speed fiber optic cable. The property's location within a new Tax Increment Financing (TIF) district and an Enterprise Zone offers potential tax advantages. Its proximity to the airport further enhances its appeal. The low tax rate contributes to the overall attractiveness of this property. The parcel number is 1706109002, and the asking price is $127,761. The seller is willing to consider dividing lots 6 & 7 (if applicable and available). This prime location offers significant potential for various industrial uses. The property is located in LaSalle County, Illinois, with a zip code of 61354.

    Property Features for 3 Cougar Dr

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • Electric, gas, sewer, and municipal water available.
    • Interstate access.
    • Industrially zoned.
    • Located in a new Tax Increment Financing (TIF) district.
    • Situated in an Enterprise Zone.
    • No detention pond required.
    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 - 2.93 acres, I-80 access, low taxes.
    Where is this land located?
    The property is located at 3 Cougar Dr Peru, IL.
    What is the asking price?
    The asking price for this property is $127,761.
    What are key features of this property?
    This property features: Electric, gas, sewer, and municipal water available.; Interstate access.; Industrially zoned.
    Request Owner's contact information
    3 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
    3 Cougar Dr Peru, IL 61354
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