1407 38th Street — Peru, IL 61354
Active Under Contract
▼ $50,000
Peru, IL 61354

1407 38th Street

$2,350,000
0 beds · 0 baths
$50,000 below original 391 days on market $45,059/yr taxes
01About this home

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.

02Inside the home
03By the numbers
$2,350,000
List price
Square feet
Bedrooms
Bathrooms
1983
Year built
Lot size
Garage spaces
$45,059
Annual taxes
Retail/Stores
Style
391
Days on market
04Features
Cooling
Central AirZoned
Construction
Steel Siding
05Neighborhood
  • Jimmy John's 250 ft
  • Wendy's 250 ft
  • Jimmy John's 700 ft
  • Master Stirfry 800 ft
  • Jersey Mike's Subs 900 ft
  • Chipotle 950 ft
  • Hy-Vee 0.8 mi
  • Walmart Supercenter 1.0 mi
  • Aldi 1.3 mi
  • BP Shop 1.4 mi
  • Shell 1.5 mi
  • Baker Memorial Park 0.8 mi
  • 28th Street Park 0.9 mi
  • Baker Park 1.2 mi
  • Centennial Park 1.5 mi
  • Jeremiah Joe Coffee 750 ft
  • Starbucks 0.9 mi
  • Dunkin' 1.4 mi
POI data via Mapbox · OpenStreetMap contributors
06History

Every event we have for this address, straight from the MLS.

Oct 10, 2025
Price reducedThis listing
Coldwell Banker Commercial Real Estate Group
$2,350,000
−$50,000
Apr 1, 2025
Listed for saleThis listing
Coldwell Banker Commercial Real Estate Group
$2,400,000
Sourced from MRED. Older events appear here as our history backfill completes.
07Ask Dwello

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08See it for yourself

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Listed by Coldwell Banker Commercial Real Estate Group · Leah Erickson · 815-780-7952
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12324649
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