630-368-8609
1607 36th St, Peru, IL for Sale
Department Store - FOR SALE
1/8
null | Request Cap Rate

1607 36th St
Peru, IL 61354


HIGHLIGHTS

  • Prime Retail Center of Gravity: located in the heart of the Peru’s main retail corridor just off the interchange of I-80 and Hwy 251 (26,000 VPD & 12,
  • Situated within Peru Mall: Home to national credit tenants such as Marshalls and AMC Theaters. Over 1.2M visits in 2024.
  • Flexible REA & Zoning Ordinance: The REA agreement for the Vacant Sears at Peru has expired.
  • he property is zoned as a B-2 classification which allows for a greater range of retail shopping and financial services than in the B-1.
  • This property is being offered free and clear of any existing debt obligations.

OVERVIEW

CBRE is pleased to present, as the exclusive advisor, the opportunity to acquire a 100% fee simple interest in the former Sears at Peru Mall. The Property is on ±8.38 acres with a ±98,858 square foot, single-story, former Sears building connected to the south end of Peru Mall. Located in the city of Peru, Illinois,  the vacant Sears box presents a unique opportunity for future investors to acquire and re-tenant the existing building and to contribute to the growth and stability of Peru Mall.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Sears Box at Peru Mall

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

483

LAND DETAILS

LAND ACRES

8.38 AC

LAND SF

365,033 SF

ZONING

b2

APN/PARCEL ID

17-05-404000

ASK ABOUT THIS PROPERTY

Adam ForetCBREMore Info
630-368-8609

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Adam ForetCBREMore Info
630-368-8609

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.