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    Retail Shooting Park Rd Peru, IL 61354

    Sponsored
    For Sale
    Contact for pricing

    Prime 3.91-acre commercial lot in Peru, IL.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.91-acre commercial land parcel presents a unique investment opportunity in Peru, Illinois. Located at the busiest intersection in town, this site boasts unparalleled visibility and accessibility. The property is strategically positioned on Shooting Park Road and SR 251, a signalized intersection experiencing a combined daily traffic count of 25,600 vehicles (SR 251: 13,900 and Shooting Park Road: 11,700). Its prime location is anchored by a CVS Pharmacy, ensuring high foot traffic and brand recognition. The site's proximity to substantial residential areas provides a strong customer base for any commercial development. The availability of outparcels adds further flexibility for potential buyers. This high-traffic, highly visible location offers significant potential for a variety of commercial uses, making it an ideal investment for developers seeking a strong return. The property is conveniently located in LaSalle County, Illinois, with the address listed as Shooting Park Road Retail, Peru, IL 61354. The geographic coordinates are 41.3382502 latitude and -89.1347365 longitude. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving Illinois community.

    Property Features for Retail Shooting Park Rd

    General Information

    Property type
    Land
    Lot Size
    170,320 SF

    HighLights

    • 3.91‑acre commercial land parcel in Peru, IL.
    • High‑traffic location at a busy intersection anchored by CVS.
    • 25,600 vehicles per day (VPD) total traffic count (SR 251: 13,900; Shooting Park Road: 11,700).
    • Signalized intersection for excellent visibility.
    • Close proximity to residential areas.
    • Outparcels available for development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Peru
    County
    LaSalle
    State
    Illinois
    Longitude
    -89.1347365
    Latitude
    41.3382502

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    FAQs

    What type of property is this?
    Land - Prime 3.91-acre commercial lot in Peru, IL.
    Where is this land located?
    The property is located at Retail Shooting Park Rd Peru, IL.
    What are key features of this property?
    This property features: 3.91-acre commercial land parcel in Peru, IL.; High-traffic location at a busy intersection anchored by CVS.; 25,600 vehicles per day (VPD) total traffic count (SR 251: 13,900; Shooting Park Road: 11,700).
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    Retail Shooting Park Rd 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
    Retail Shooting Park Rd Peru, IL 61354
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