1407 38th Street Peru, IL $ 2,350,000
1407 38th Street
$ 2,350,000
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1407 38th Street

Peru, IL, 61354
$ 2,350,000
Bedrooms-- Baths-- Sq 30,484
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Property for Rent in Peru, IL

for $2,350,000. This 30,484 square foot property was built in 1983 on a lot size of 2.83.

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.

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Rental Contingent

Price

$ 2,350,000

Taxes

$ 45,725

Style

Retail

Lot Size

2.83

Year Built

1983

Town/City

Peru

County/Region

La Salle

MLS | Web ID

12324649

Features
General
Cooling Central Air Zoned
Utilities Electricity Available Natural Gas Available Sewer Connected Water Available
Possession Closing
Roof Metal
Zoning RTAIL
Construction Materials Steel Siding
Year Built 1983
Electric Circuit Breakers
Tenant Pays Common Area Maintenance Taxes
Stories Count 1
Township Peru
Tax Year 2023
Current Use Commercial
Business Type Retail
County LaSalle
Net Operating Income 0
Property Type Commercial Sale Retail/Stores
Contingency Attorney/Inspection
Status Contingent
Directions From I-80 take exit 75 (IL Route 251) south to first left (east) and turn left onto 38th Street. Property is on the NE corner of major intersection.
City Peru
Number Of Units Total 1
MLS Area Peru
Lot Size Square Feet 123275
Tax Annual Amount 45725
Additional Parcels Y/N N
Leasable Area 30484
Lease Type Net
Standard Status Active Under Contract
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Interior
Flooring Varies
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Exterior
Water Source Municipal Water
Foundation Details Concrete Perimeter
Building Area Total 30484
Lot Dimensions 396X316
Frontage Type City Street Public Road Signal Intersection State Road Interchange Paved
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* Excluded Features
List By
Coldwell Banker Commercial Real Estate Group

Broker

lerickson@cbcregroup.com; lerickson@cbcregroup.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/22/2025$2,350,000 -2.08% Price Down
4/1/2025$2,400,000 Listed Price

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1407 38th Street, Peru, IL, 61354 is a Property for Rent at $2,350,000 with 30,484 sqft and a lot size of 2.83. 1407 38th Street was built in 1983. The property's zip code is 61354 which is in Peru, IL