Property profile

3915 Progress Blvd Peru, IL 61354

OFF-MARKET
Commercial real estate
Property ID
US28-3686314
6,000 SF 0.45 ac lot
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 5,000-square-foot commercial building is strategically located in North Peru, Illinois, offering unparalleled convenience with its proximity to Interstate 80. The property sits on a 0.45-acre lot and boasts a spacious interior perfect for a variety of commercial ventures. Previously used as an auto parts store, the building features a substantial 12-foot overhead door, making it suitable for businesses requiring easy access for larger vehicles or equipment. The concrete flooring provides durability and ease of maintenance. Ample parking is available on-site, accommodating approximately 20 vehicles. This versatile property presents a significant opportunity for businesses seeking a well-maintained, readily accessible space in a thriving location. The building is available for immediate purchase, and lease options are also available. Its prime location and functional design make it an attractive option for a wide range of commercial uses. The property's size and features offer significant potential for growth and expansion. Interested parties are encouraged to schedule a viewing to fully appreciate the possibilities this exceptional commercial space offers. The asking price is $350,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 6,000 SF
Lot 0.45 ac (19,602 SF)
APN 17-04-314-005
UPID US28-3686314

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Radio Station Telecommunications Service

Location

3915 Progress Blvd Peru, IL 61354-1121
Peru metro Census 963000 OTTAWA, IL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2025
Last sale
$290,000
5 recorded transactions
2025
$290,000
2023
$250,000
2018
$250,000
2010
Price N/A
2010
$262,000

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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