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    Property profile & analytics

    1617-1623 Water St Peru, IL 61354

    • Commercial land
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 05, 2021
    Location Intelligence
    Property ID
    US28-4455264
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details for 1617-1623 Water St

    Lot size
    0.23 lot acres
    Property type
    Commercial land
    APN
    17-20-215-010
    APU
    1720215010

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Peru
    County
    Lasalle
    State
    Illinois
    Longitude
    -89.1264
    Latitude
    41.3236
    CBSA code
    36837
    CBSA name
    OTTAWA, IL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $734
    $9,275
    $0.00
    $9,275
    -
    $27,825
    $0.00
    $27,825

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      30th Rd

      VACANT COMMERCIAL LAND • 1.00 Acre
      30th Rd, Peru, IL 61354
      View Details
    • Value Estimation by Request
      0.17 Acres

      Grant At 4th St

      VACANT COMMERCIAL LAND • 0.17 Acres
      Grant At 4th St, Peru, IL 61354
      View Details
    • Value Estimation by Request
      0.50 Acres

      5th St

      VACANT COMMERCIAL LAND • 0.50 Acres
      5th St, Peru, IL 61354
      View Details
    • Value Estimation by Request
      0.50 Acres

      315 5th St

      VACANT COMMERCIAL LAND • 0.50 Acres
      315 5th St, Peru, IL 61354-2859
      View Details
    • Value Estimation by Request
      1.66 Acres

      Us Rt 6th 6

      VACANT COMMERCIAL LAND • 1.66 Acres
      Us Rt 6th 6, Peru, IL 61354
      View Details
    • Value Estimation by Request
      5.25 Acres

      May Rd

      VACANT COMMERCIAL LAND • 5.25 Acres
      May Rd, Peru, IL 61354
      View Details

    Similar Nearby for Sale

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      0.79 acres of land in retail district.
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    • $345,000

      Commercial Land Near Interstate 80

      Commercial land less than 1/2 mile from Interstate 80.
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    • $1,750,000

      Commercial Land Near Interstate 80

      Land with easy access and visibility from Interstate 80.
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    • $75,000
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      Commercial Land in Peru, IL

      High-visibility commercial lots available in north Peru's industrial area.
      012 Unytite Dr, Peru, IL 61354
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    • Contact for pricing

      Commercial Lot on Shooting Park

      0.44 acre commercial lot suitable for food and beverage.
      1201 Shooting Park Rd, Peru, IL 61354
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    • $75,000
      1 SF

      Commercial Land in Peru, Illinois

      Four accessible lots in north Peru's industrial and commercial area.
      Unytite Dr, Peru, IL 61354
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    Similar Nearby for Lease

    • Contact for pricing

      5.83 Acres Vacant Land

      Vacant land near I-80, buildable up to 60,000 SF.
      Peoria St, Peru, IL 61354
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    • Contact for pricing
      1,150 SF

      Restored Retail Space in Peru

      Vintage/retro styled retail space with high visibility and recent restoration.
      510-512 5Th St, Peru, IL 61354
      View Details
    • Contact for pricing

      Trailer Parking For Lease

      Trailer parking available near I-80 and I-39 interchange.
      3808 Progress Blvd, Peru, IL 61354
      View Details
    • $15 SF/Yr
      6,250 SF

      Available Office Space For Lease

      Office space available for lease with negotiable terms.
      300 Walnut St, Peru, IL 61354
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    • Contact for pricing
      4,725 SF

      Raccuglia Center Office Space

      Office space for lease in well-known, recently renovated building.
      1200 Maple Dr, Peru, IL 61354
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    • $35 SF/Yr
      2,500 SF

      Prime Retail Space in Peru

      Customizable retail space with high traffic and drive-through potential.
      4141 Venture Dr, Peru, IL 61354
      View Details
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    1617-1623 Water St
    Peru, IL 61354
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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