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1407 38th St
Peru, IL 61354
Prime Peru Corner - Former Big Lots · Retail Property For Sale


Investment Highlights
- 15,400 VPD
- Open Plan for Versatile Use
- Signaled Corner Location
Executive Summary
Former Big Lots Store available FOR SALE or FOR LEASE. This is an excellent opportunity for an owner-user, a future investment with a future tenant, or as a redevelopment opportunity in one of La Salle County's busiest shopping district with 15,400 VPD along busy IL Route 251. Seconds from I-80, this busy signaled corner location is surrounded by national big box tenants, fast-food restaurants, a large bowling alley, personal services, and nearby industrial users. With Peru's versatile B-4 zoning, a multitude of retail, light industrial, and personal services would be allowable uses. The interior features 24' column spacing with steel construction spanning 135' from eave to eave and 218' wide. The main interior offers 15'-9" clear height while the entryway and cart corral area features a 10' clear height. There are 2 separate restrooms, a temporary wall to separate the sales and storage areas, and walls do not go to the metal roof allowing flexibility within the space. The building is fully sprinklered & monitored, with emergency exits throughout, plus fire and smoke detectors. The recently sealed parking lot features 140+ painted spaces with a loading dock and 7'-8"x8' overhead door along the east side of the building. Signage includes exterior options, plus a large pylon sign visible from I-80 interchange. Easy access onto the site on both the south and east sides with 2-way traffic and no barrier. Please review Additional Documents for allowable uses, or confirm with Listing Agent or City. Earnest money payable via certified funds to Coldwell Banker Real Estate Group.
Property Facts Under Contract
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
30,484 SF
Building Class
C
Year Built
1983
Price
$3,212,309 CAD
Price Per SF
$105.38 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.25
Lot Size
2.83 AC
Zoning
B-4 - With Peru's versatile B-4 zoning, a multitude of retail, light industrial, and personal services would be allowable uses.
Parking
148 Spaces (4.86 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 17-04-319000 | Improvements Assessment | $368,829 CAD |
| Land Assessment | $422,638 CAD | Total Assessment | $791,466 CAD |
Property Taxes
Parcel Number
17-04-319000
Land Assessment
$422,638 CAD
Improvements Assessment
$368,829 CAD
Total Assessment
$791,466 CAD
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