Property profile

3940 Il-251 Peru, IL 61354

OFF-MARKET
Shopping malls
470,000 SF 40 ac lot
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Property summary

AI-generated overview

This exceptional retail opportunity presents a +/- 65,445 square foot anchor space within the 470,000 square foot Peru Mall, a Class C regional shopping center in Peru, Illinois. Strategically located on IL-251, this single-story space boasts high visibility and accessibility, benefiting from approximately 14,900 vehicles passing daily. The property features multiple parking access points and external entrances for optimal customer flow. Its prime location at the intersection of IL-251 and 28th Street, with a traffic light, ensures maximum exposure. The mall itself offers co-promotion opportunities, both within the center and via social media channels. This standalone-capable space is situated in a dominant retail corridor, alongside established anchor tenants including Marshalls, AMC Theatres, and JoAnn Fabrics. The property sits on 40 acres of land, with a total of 62 suites, and is zoned B-2. The property's APN is 17-05-410-015, and the annual property taxes are $0.81 per square foot. This presents a unique chance to establish a significant retail presence in a thriving market. The property offers easy access to major highways and ample parking for customers.

Property profile

Verified
Property type Shopping malls
Total area 470,000 SF
Lot 40 ac (1,742,400 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3940 Il-251 Peru, IL 61354
Peru metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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