1830 4th St - Storefront Retail/Residential FOR SALE


Peru, IL 61354
$469,000 USD
312-446-6455
1830 4th St, Peru, IL for Sale
$469,000 USD
Storefront Retail/Residential - FOR SALE
1/10
null | Request Cap Rate

1830 4th St
Peru, IL 61354


HIGHLIGHTS

  • Fully renovated in 2024 with new roof, windows, HVAC, water heaters, and electrical panels.
  • Mixed-use configuration with one retail/restaurant space and two leased apartments.
  • Prime downtown location with city support for parking and licensing.
  • Separate utility meters for all units and dry, clean basement with attic storage.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$469,000 USD

PRICE/SF

$81 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

-

APN/PARCEL ID

17-17-436011

ASK ABOUT THIS PROPERTY

Jon ChamlinCawley Commercial Real EstateMore Info
312-446-6455

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Jon ChamlinCawley Commercial Real EstateMore Info
312-446-6455

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