Property summary
This exceptional 0.89-acre commercial land parcel presents a unique investment opportunity in Peru, Illinois. Strategically located on IL-251, this property benefits from exceptional visibility and high traffic counts, boasting 13,300 vehicles daily on IL 251 and an impressive 28,800 vehicles per day on nearby I-80. The site is situated within the largest concentration of retail in the Illinois Valley, ensuring strong consumer traffic and brand recognition. This prime location offers immediate proximity to a robust array of national retailers, including Target, Kohl's, PetSmart, Menards, Hobby Lobby, Home Depot, and Staples, creating a synergistic retail environment. Furthermore, the property enjoys a convenient location just 1.5 miles from the Peru Mall, the largest mall within a 50-mile radius, further enhancing its desirability and potential for significant return on investment. The property's classification as a Walmart outlot underscores its prime position within a thriving retail corridor, offering unparalleled access to a substantial customer base. This is an exceptional opportunity to acquire a highly visible and strategically located commercial land parcel in a rapidly growing market. The site's size and location make it ideal for a variety of commercial developments, capitalizing on the high traffic volume and established retail presence.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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