Peru, IL 61354 1407 38th Street

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Presented By: Coldwell Banker Commercial Real Estate Group
  • MLS# 12324649
  • 04/01/2025
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  • SQFT • 30,484

Home Details

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.
Presented By: Coldwell Banker Commercial Real Estate Group

Interior Features for 1407 38th Street

Other Interior Features

FlooringVaries

General for 1407 38th Street

Additional Parcels Y/NNo
Business TypeRetail
CityPeru
Construction MaterialsSteel Siding
ContingencyAttorney/Inspection
CoolingCentral Air, Zoned
CountyLaSalle
Current UseCommercial
DirectionsFrom 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.
ElectricCircuit Breakers
Leasable Area30484
Lease TypeNet
Lot Size Square Feet123275
MLS AreaPeru
ModificationTimestamp2025-10-10T00:02:01.577Z
Net Operating Income0
Number Of Units Total1
PossessionClosing
Property TypeCommercial Sale
Property TypeRetail/Stores
RoofMetal
Standard StatusActive Under Contract
StatusContingent
Stories Count1
Tax Annual Amount45725
Tax Year2023
Tenant PaysCommon Area Maintenance, Taxes
TownshipPeru
UtilitiesElectricity Available, Natural Gas Available, Sewer Connected, Water Available
Year Built1983
ZoningRTAIL

Exterior for 1407 38th Street

Building Area Total30484
Foundation DetailsConcrete Perimeter
Frontage TypeCity Street, Public Road, Signal Intersection, State Road, Interchange, Paved
Lot Dimensions396X316
Water SourceMunicipal Water

Additional Details

Price History

Client Care

Price $2,350,000
MLS#12324649
List Date 04/01/2025
Property Type Contingent
Phone 847.485.2500
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