Commercial Development Land
For Sale
$350,000
Lot 2 16th St, Peru, IL 61354
High-visibility commercial lot next to McDonald's and CVS, positioned along IL 251 for development.
Property SizeContact for details
Days on Market280
Property Features for Lot 2 16th St
General Information
Standard status
Active
Property subtype
Land
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,130
Listing Agency:
Brokerocity Inc
(847) 984-9500
Listed By:
Tyler Fialko · License #475190237
(847) 984-9500
Source:
Exprealty
Added: Nov 5, 2025
Changed: Aug 8
Last Checked: Aug 12 at 12:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brokerocity Inc
Investment Insights
Based on property information with market context.
This commercial land lot offers high-visibility frontage along IL 251 and is positioned for new development. The property is designated for commercial use and is described as ready for development.
The lot is located next to McDonald's and CVS, providing strong retail adjacency within the immediate area. Its placement along a busy roadway supports its intended commercial visibility.
As a land offering, the property is presented as a development-ready site suitable for buyers looking to build on a commercially designated lot.
The lot is located next to McDonald's and CVS, providing strong retail adjacency within the immediate area. Its placement along a busy roadway supports its intended commercial visibility.
As a land offering, the property is presented as a development-ready site suitable for buyers looking to build on a commercially designated lot.
Key Highlights
- High‑visibility commercial lot located along busy IL 251
- Situated next to McDonald's and CVS
- Commercial‑use lot ready for development
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Explore this area
Business Placement
Demographics for 61354, IL
10,447
Population
5,111
Households
2
Avg Household Size
46
Median Age
21%
College-Educated
95%
High-School Grad
42.6 sq mi
ZIP Area
245
Density / Sq Mi
$69,382
Median Household Income
$45,114
Median Earnings
$877
Median Rent
$160,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - High-visibility commercial lot next to McDonald's and CVS, positioned along IL 251 for development.
Where is this commercial land located?
The property is located at Lot 2 16th St Peru, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: High‑visibility commercial lot located along busy IL 251; Situated next to McDonald's and CVS; Commercial‑use lot ready for development
