Log In/Sign Up
Your email has been sent.
427 5th St
Peru, IL 61354
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Seller Financing Available
- Unlimited Potential
- Vacant Lot: Adjacent 100' x 15' lot for expansion or parking
- Prime Visibility
- Situated on Route 6, a high-traffic corridor in the City of Peru
- Loading Dock: Facilitates smooth operations for logistics and deliveries
EXECUTIVE SUMMARY
For Sale or Lease - 22,460 SF Commercial Building with Seller Financing Available. Unlock the potential of this impressive 22,460 square foot commercial building located on bustling Route 6 in the City of Peru, offering prime visibility and high traffic exposure. Spanning two spacious floors and a full basement, this property is ideal for a variety of business opportunities-from event center, big box retail, multi-vendor marketplace, arcade, mini golf, to fitness or wellness facilities. The building features a loading dock for ease of operations and includes an adjacent 100' x 15' vacant lot, providing room for expansion or additional parking. The second floor showcases soaring industrial ceilings, exposed brick walls, expansive windows, and hardwood floors, creating a dramatic and charming space perfect for events or creative business concepts. Situated within Peru's Enterprise Zone, this location offers valuable incentives and programs through the City of Peru-adding to the appeal for entrepreneurs and investors. Seller Financing is Available, making ownership more accessible for qualified buyers. Whether you're looking to launch a new venture or expand an existing one, this flexible and character-rich property is ready to accommodate your vision. Don't miss this rare opportunity to own or lease a standout property in a growth-oriented location.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
22,464 SF
Building Class
C
Year Built
1921
Price
$866,328 CAD
Price Per SF
$38.57 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.84
Lot Size
0.28 AC
Zoning
B-4 - B-4: Commercial District
Parking
2 Spaces (0.09 Spaces per 1,000 SF Leased)
Frontage
123’ on 5th Street
AMENITIES
- Corner Lot
PROPERTY TAXES
| Parcel Number | 17-16-419019 | Improvements Assessment | $30,858 CAD |
| Land Assessment | $19,868 CAD | Total Assessment | $50,725 CAD |
PROPERTY TAXES
Parcel Number
17-16-419019
Land Assessment
$19,868 CAD
Improvements Assessment
$30,858 CAD
Total Assessment
$50,725 CAD
1 of 54
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
