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    Wenzel Rd Peru, IL 61354

    Sponsored
    For Sale
    $175,000

    High-traffic location, ideal for business. Agricultural & commercial zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional property, located at 70X Wenzel Rd in Peru, Illinois (zip code 61354), presents a unique investment opportunity. The land parcel boasts a highly desirable commercial frontage, ensuring excellent visibility and accessibility for any business. Zoned for both agricultural and commercial uses, this versatile .55 to .99-acre lot offers significant potential for a variety of development projects. Its strategic location in LaSalle County, Illinois, provides easy access to key transportation routes and a thriving local community. The asking price is $175,000. The property's high-traffic location makes it an attractive prospect for businesses seeking maximum exposure. Given the dual zoning, the possibilities are numerous, ranging from retail establishments to agricultural ventures. This is a rare opportunity to acquire a well-situated parcel of land with significant upside potential in a growing market. The latitude and longitude coordinates are 41.3530819 and -89.1159155 respectively. Serious inquiries are encouraged.

    Property Features for 0 Wenzel Rd

    General Information

    Property type
    Farms
    Lot Size
    23,958 SF

    HighLights

    • Exceptional .55 to .99‑acre commercial lot in Peru, IL (61354), priced at $175,000.
    • High‑traffic location with excellent visibility and accessibility on Wenzel Rd.
    • Zoned for both agricultural and commercial uses, offering diverse development potential.
    • Strategic location in LaSalle County provides easy access to transportation routes and a thriving community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Peru
    County
    LaSalle
    State
    Illinois
    Longitude
    -89.1159155
    Latitude
    41.3530819

    Nearby Comparable

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    Nearby Similar for Sale

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      Peru Industrial Lots - Prime Location

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    FAQs

    What type of property is this?
    Farm - High-traffic location, ideal for business. Agricultural & commercial zoning.
    Where is this farm located?
    The property is located at Wenzel Rd Peru, IL.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Exceptional .55 to .99-acre commercial lot in Peru, IL (61354), priced at $175,000.; High-traffic location with excellent visibility and accessibility on Wenzel Rd.; Zoned for both agricultural and commercial uses, offering diverse development potential.
    Request Owner's contact information
    Wenzel Rd Peru, IL 61354
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    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
    Wenzel Rd Peru, IL 61354
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