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    1 Cougar Dr Peru, IL 61354

    Sponsored
    For Sale
    $111,296

    2.55 Acres, I-80 Access, Low Taxes

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.55-acre (±) commercial/industrial land parcel is ideally situated in the JP Hollerich Industrial Park in Peru, Illinois, offering unparalleled access to Interstate 80. The property boasts a highly desirable industrial zoning designation, eliminating the need for on-site water detention. All city utilities are readily available, including water, sewer, power, phone, and high-speed fiber optic cable. The location benefits from proximity to the local airport and enjoys a low tax rate. This lot is part of a new Tax Increment Financing (TIF) district and is located within an Enterprise Zone, providing potential economic incentives. The property features frontage road access and is conveniently located near I-80. The seller is willing to divide lots 6 & 7 (if applicable). This presents a unique opportunity for businesses seeking a strategic location with excellent infrastructure and significant cost advantages. The APN is 706108001. The asking price is $111,296, and the property is offered fee simple.

    Property Features for 1 Cougar Dr

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • Electric, gas, sewer, storm sewer, and municipal water available on‑site.
    • Interstate access via I‑80.
    • Frontage on a public road.
    • Zoned industrial.
    • Located in a new Tax Increment Financing (TIF) district within 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

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    FAQs

    What type of property is this?
    Land - 2.55 Acres, I-80 Access, Low Taxes
    Where is this land located?
    The property is located at 1 Cougar Dr Peru, IL.
    What is the asking price?
    The asking price for this property is $111,296.
    What are key features of this property?
    This property features: Electric, gas, sewer, storm sewer, and municipal water available on-site.; Interstate access via I-80.; Frontage on a public road.
    Request Owner's contact information
    1 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
    1 Cougar Dr Peru, IL 61354
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