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    7 Cougar Dr Peru, IL 61354

    Sponsored
    For Sale
    $287,801

    6.6 Acres, Industrial Zoning, Low Taxes

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 6.607-acre parcel of commercially zoned land presents a compelling investment opportunity in the thriving JP Hollerich Industrial Park in Peru, Illinois. Conveniently located near Interstate 80, this property offers unparalleled access to major transportation arteries, streamlining logistics and distribution. The land is designated for industrial use, eliminating zoning hurdles and expediting development. A significant advantage is the absence of any on-site water detention or retention requirements, simplifying the construction process and potentially reducing costs. Essential utilities are readily available, including water, sewer, power, phone lines, and high-speed fiber optic cable. The property boasts a low tax rate, further enhancing its financial attractiveness. The lot's size and strategic location within the industrial park make it ideal for a variety of commercial ventures, from warehousing and distribution centers to light manufacturing facilities. The property is offered at $287,801, representing a fee simple ownership with APN 1706110003. This prime location, coupled with its readily available infrastructure and favorable tax structure, makes this a highly desirable site for businesses seeking efficient and cost-effective operations. The address is Lot 7 Cougar Dr, Peru, IL 61354. The property is situated near the airport, providing additional logistical benefits.

    Property Features for 7 Cougar Dr

    General Information

    Property type
    Land
    Lot Size
    261,360 SF

    HighLights

    • $287,801 asking price.
    • 6.607‑acre commercial land parcel.
    • Located in Peru, IL, LaSalle County, zip code 61354.
    • Industrial zoning.
    • Fee simple ownership.
    • Situated in JP Hollerich Industrial Park near I‑80.
    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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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 6.6 Acres, Industrial Zoning, Low Taxes
    Where is this land located?
    The property is located at 7 Cougar Dr Peru, IL.
    What is the asking price?
    The asking price for this property is $287,801.
    What are key features of this property?
    This property features: $287,801 asking price.; 6.607-acre commercial land parcel.; Located in Peru, IL, LaSalle County, zip code 61354.
    Request Owner's contact information
    7 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
    7 Cougar Dr Peru, IL 61354
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