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1830 4th St 2,200 SF of Retail Space Available in Peru, IL 61354
Highlights
- Fully renovated in 2024 with new roof, windows, HVAC, water heaters, and electrical panels.
- Prime downtown location with city support for parking and licensing.
- Retail space includes turnkey restaurant buildout with wood-fired pizza oven and ADA compliance.
- Separate utility meters for all units and dry, clean basement with attic storage.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,200 SF | Negotiable | $11.28 CAD/SF/YR $0.94 CAD/SF/MO $24,811 CAD/YR $2,068 CAD/MO | TBD |
1st Floor
This 2,200-square-foot retail/restaurant space offers a fully renovated, turnkey opportunity in the heart of downtown Peru. The space is ADA-compliant and has never been operated, making it ideal for a new food and beverage concept or specialty retail. The buildout includes a new wood-fired pizza oven valued at $24,000, two ADA-compliant restrooms with subway tile finishes, and a dedicated kitchen area equipped with a 36” six-burner Vulcan range and 200-amp dedicated service. The dining area spans approximately 970 square feet, complemented by a 440-square-foot kitchen and restroom section. Additional features include a three-compartment sink, deep wash station, janitor’s sink, and modern finishes throughout. The property benefits from city support for parking and licensing, ensuring a smooth operational setup for tenants. Positioned in a prime location with strong visibility and easy access to local amenities, this space is ready for immediate occupancy.
- Fully Built-Out as a Restaurant or Café Space
- Central Air Conditioning
- ADA-compliant layout.
- Equipped kitchen with 36” six-burner.
- Prime downtown Peru location with city support.
- Turnkey restaurant buildout.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 2,200 SF | Gross Leasable Area | 5,800 SF |
| Property Type | Retail | Year Built | 1900 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 2,200 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 5,800 SF |
| Year Built | 1900 |
About the Property
1830 4th Street in Peru, Illinois, presents a fully renovated mixed-use investment property featuring one retail/restaurant space and two leased residential apartments. The property underwent a complete remodel in 2024, including new roof, windows, HVAC systems, water heaters, and electrical panels. The retail space, measuring approximately 2,200 square feet, is designed as a turnkey restaurant with a new wood-fired pizza oven, ADA-compliant restrooms, and a fully equipped kitchen. The two upper-level apartments are fully leased, providing immediate in-place income. Apartment 1 offers 2,200 square feet with two bedrooms and two full bathrooms, while Apartment 2 includes 1,400 square feet with two bedrooms and 1.5 bathrooms. Both units feature laundry facilities and modern finishes.
- 24 Hour Access
Nearby Major Retailers
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1830 4th St
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