Contact for pricing 98,858 SF available

1607 36Th St, Peru, IL 61354
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The property is a single-story former Sears building comprising approximately 98,444 square feet on approximately 8.38 acres, located at 1607 36th St in Peru, Illinois within the Peru Mall complex. The vacant building is physically connected to the south end of Peru Mall, forming part of an established retail setting and providing a large contiguous footprint suitable for re-tenanting.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?

$17k

Tax billed · 2023

Assessed value$281k

Assessed land$192k

Assessed improvement$90k

Effective rate6.13%

Value estimate

· Nov 2026

$760k

$684k – $836k

Submarket $/SF estimate$2.88M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$88/SF

ZIP average, outlier-cleaned · 95 recorded sales of this use type

Observed band · Q1–Q3$37 – $151

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLASALLE

Location intelligence

Which uses thrive at this corner?

Best fit: Parking Facility

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Parking Facility10.5

HVAC Service9.7

Convenience Store9.5

1607 36Th St Peru, IL 61354

County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby

Address Sale price Sold Size

1819 4th, Peru, IL 61354-3307 $130,000 May 2025 4,760 SF

3915 Progress, Peru, IL 61354-1121 $290,000 May 2025 6,000 SF

3675 Frontage, Peru, IL 61354-1110 $2,550,000 May 2025 16,050 SF

1415 Wenzel, Peru, IL 61354-1176 $2,550,000 May 2025 11,880 SF

701 4th, Peru, IL 61354-2866 $200,000 Feb 2025 5,120 SF

5253 5247, Peru, IL 61354 $250,000 Feb 2025 90,003 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$1,285,000

29,920 SF

2702 May Rd

COMMERCIAL (GENERAL)

2702 May Rd, Peru, IL 61354-9338

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Value Estimation
$590,000

5,088 SF

1040 16th St

COMMERCIAL (GENERAL)

1040 16th St, Peru, IL 61354-1803

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Value Estimation
$270,000

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1002 Shooting Park Rd

COMMERCIAL (GENERAL)

1002 Shooting Park Rd, Peru, IL 61354-1871

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Value Estimation
$510,000

1,840 SF

4141 Venture Dr

COMMERCIAL (GENERAL)

4141 Venture Dr, Peru, IL 61354-1011

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Value Estimation by Request
1.00 Acre

16 Unytite Dr

Commercial real estate

16 Unytite Dr, Peru, IL 61354

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Value Estimation by Request
1.00 Acre

18 Unytite Dr

Commercial real estate

18 Unytite Dr, Peru, IL 61354

View Details

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Includes: Price & PSF · Cap rate · Location · Zoning

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1607 36Th St Peru, IL 61354

Property summary