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1702 4th St

4,650 SF Specialty Building Offered at $719,900 in Peru, IL 61354

Investment Highlights

  • Fantastic Street Exposure!
  • Located Less than .4 Miles from the River Front
  • Prime Location Located Less than 3 Miles from I39 Major Interstate Interchange
  • A short 15min Drive from Starved Rock State Park Tourist Attraction

Taxes & Operating Expenses (Actual - 2021) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99

Taxes & Operating Expenses (Actual - 2021) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $719,900
Price Per SF $155
Sale Type Owner User
Sale Conditions Business Value Included
Property Type Specialty
Building Class B
Lot Size 0.10 AC
Building Size 4,650 SF
No. Stories 1
Year Built 1997

About 1702 4th St , Peru, IL 61354

An opportunity to own a piece of local tradition! This established and fully functioning restaurant has been an icon in the LaSalle/Peru, IL area for over 40 years and is sought after by patrons hundreds of miles away. Because of the family recipes and dedicated staff of 14, this restaurant has truly become an icon in the LaSalle/Peru market featuring pizza, Italian beef, gyros, sandwiches, homemade lasagna and so much more. Fully rebuilt in 1997 this updated and modern location boasts all of the amenities that you would expect. Seating for over 130, plenty of parking, corner visibility on one of the main streets in Peru with a traffic count of 11,400 cars. Truly a prime location. NEW private gaming room just opened in 2023 that houses 6 of the hottest slot machines in the city. Definitely a major income plus for this business. Kitchen is multi purpose with prep, cooking, pizza, and dishwashing areas. Full basement provides plenty of storage and features main mechanicals, carbonation station, secured beverage storage room, office and employee break area. Now is your chance to own and operate a business that has been a proven success for decades. Additional details provided upon request.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-17-437005
Land Assessment
$9,540 (2023)
Improvements Assessment
$66,695 (2023)
Total Assessment
$76,235 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2021 Payable 2022

zoning

Zoning Code B-3 (Central Shopping District)
B-3 (Central Shopping District)
  • Listing ID: 26405827

  • Date on Market: 8/14/2022

  • Last Updated:

  • Address: 1702 4th St, Peru, IL 61354

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