Commercial Real Estate Market in Peru, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
25 active listings and 773 off-market properties in Peru, IL.
Market Trends
Peru, IL spans 42.6 square miles in LaSalle County, Illinois. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Peru, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Peru, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Peru, IL runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Multifamily
Multifamily vacancy in Peru, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Industrial 49.2%
- Residential 24%
- Commercial 15.4%
- Agricultural 10.6%
- Planned_development 0.8%
Largest Zones share of zoned land by district
Peru, IL zones 5,838 acres across 14 districts. Commercial zoning covers 15.4% of zoned land, residential 24% and industrial 49.2%. The largest single district is Heavy Manufacturing District at 44.4%. For commercial buyers the practical constraint is that only 64.6% of land carries a commercial or industrial designation.
Family Detached Dwelling Districts, R-2 Single-Family Detached Dwelling Districts, and R- 3 Single-Family and Two-Family Residence Districts zoning classifica�ons; and (5) The administra�ve varia�on shall be unanimously recommended to the City Council by the Chairperson of the Planning/Zoning Commission, and both aldermen of the ward in which the subject pro…
Market overview
Demographics & Economy
Peru, IL has 10,447 residents in 5,111 households. Density runs 245 people per square mile. Median household income here is $69,382 and median gross rent $877 a month.
Tools
Frequently Asked Questions
How much does it cost to lease commercial space in Peru?
What zoning applies to commercial property in Peru?
Where does Realmo's Peru market data come from?
Methodology & data sources
- Asking prices and medians
- There are 9 active for-sale and 16 active for-lease listings in Peru, IL. Too few for-sale listings state a price per square foot for a sale median; the rent median is based on 5 of the for-lease listings that state a rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 5,838 zoned acres across 14 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
