3940 Il-251, Peru, IL 61354
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.