Commercial Real Estate Market in Peru, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
61 active listings and 773 off-market properties in Peru, IL. Commercial property asks $96/SF to buy and $15.60/SF/Yr to lease.
Market Trends
Peru, IL spans 42.6 square miles in LaSalle County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Peru, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Peru, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Peru, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
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
Heavy Manufacturing District
Single Family District
Highway Business District
Agricultural Transition District
Single And Two Family 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.
Single Family District (R-2)
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.
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
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Garfield | — | — |
| Rockwell | — | — |
| Dalzell | — | — |
| Jonesville | — | — |
Commercial property in Peru, IL asks $96/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Peru?
Commercial property in Peru, IL asks an average of $96 per square foot. The 4 most recent recorded sales traded at a median of $71/SF, so asking sits 34% above the achieved median.
How much does it cost to lease commercial space in Peru?
Asking lease rates in Peru, IL average $15.60 per square foot per year.
What zoning applies to commercial property in Peru?
Peru, IL zones 5,838 acres across 14 districts, of which 15.4% is commercial and 49.2% industrial. The largest single district is Heavy Manufacturing District at 44.4% of zoned land. Residential zoning covers 24% and open space 0%.
Where does Realmo's Peru market data come from?
Realmo compiles Peru, IL figures from 7 recent recorded sales, 47 active sale listings, 14 active lease listings, 773 tracked off-market properties, the current Peru zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 47 active for-sale and 14 active for-lease listings in Peru, IL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- 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 August 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 August 2026 · report a data issue
