5307 Il-251, Mendota, IL 61301
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.
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
Similar Nearby for Sale
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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.