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    Wenzel Rd Peru, IL 61354
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    Wenzel Rd Peru, IL 61354

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    • Land
    • 0.55 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Wenzel Rd

    Lot size
    0.55 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional property, located at 70X Wenzel Rd in Peru, Illinois (zip code 61354), presents a unique investment opportunity. The land parcel boasts a highly desirable commercial frontage, ensuring excellent visibility and accessibility for any business. Zoned for both agricultural and commercial uses, this versatile .55 to .99-acre lot offers significant potential for a variety of development projects. Its strategic location in LaSalle County, Illinois, provides easy access to key transportation routes and a thriving local community. The asking price is $175,000. The property's high-traffic location makes it an attractive prospect for businesses seeking maximum exposure. Given the dual zoning, the possibilities are numerous, ranging from retail establishments to agricultural ventures. This is a rare opportunity to acquire a well-situated parcel of land with significant upside potential in a growing market. The latitude and longitude coordinates are 41.3530819 and -89.1159155 respectively. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Peru
    County
    LaSalle
    State
    Illinois
    Longitude
    -89.1159
    Latitude
    41.3531

    Comparable in this City

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      96.40 Acres

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      2.00 Acres

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      2.00 Acres

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      Land • 2.00 Acres
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      6.00 Acres

      7 Cougar Dr

      Land • 6.00 Acres
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    • Value Estimation by Request
      5.99 Acres

      May Rd

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    Similar Nearby for Sale

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      Land For Sale

      3.91 acres of land available for sale.
      Retail Shooting Park Rd, Peru, IL 61354
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      Peru Industrial Lots - Prime Location

      Four High-Visibility Lots, Ideal Investment
      10 Unytite Dr, Peru, IL 61354
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    • $75,000
      1.00 Acre

      Peru Industrial Lots: Prime Location

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      Prime Peru Commercial Lots

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    • $75,000

      Peru Commercial Land For Sale

      Four accessible lots in Peru's industrial and commercial area.
      Unytite Dr, Peru, IL 61354
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    • $75,000

      Commercial Land in Peru, Illinois

      Four accessible lots in north Peru's industrial and commercial area.
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    Similar Nearby for Lease

    • Contact for pricing

      Trailer Parking at I-80 and I-39

      Trailer parking for lease near I-80 and I-39 interchange.
      3808 Progress Blvd, Peru, IL 61354
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    • Contact for pricing

      5.83 Acres Vacant Land

      Vacant land near I-80, buildable up to 60,000 SF.
      Peoria St, Peru, IL 61354
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    • $15 SF/Yr
      6,250 SF

      Available Office Space For Lease

      Office space available for lease with negotiable terms.
      300 Walnut St, Peru, IL 61354
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    • Contact for pricing
      2,554 SF

      Versatile Commercial Space Available

      Adaptable space suitable for retail or commercial operations.
      910 Shooting Park Rd, Peru, IL 61354
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    • Contact for pricing

      Functional Warehouse Space in Peru

      Well-maintained warehouse with easy access to major interstates.
      4800 Industrial Dr, Peru, IL 61354
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    • $35 SF/Yr
      2,500 SF

      Prime Retail Space in Peru

      Customizable retail space with high traffic and drive-through potential.
      4141 Venture Dr, Peru, IL 61354
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    Wenzel Rd
    Peru, IL 61354
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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