Property profile

5307 Il-251 Mendota, IL 61301

OFF-MARKET
Land
0.89 ac lot
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Property summary

AI-generated overview

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

Verified
Property type Land
Lot 0.89 ac (38,768 SF)

Cap rate & NOI

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

Location

5307 Il-251 Mendota, IL 61301
Mendota 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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