1830 4th St, Peru, IL for sale

Investment Overview

Introducing a prime retail opportunity in the heart of Peru, IL. This 2,200 SF property, zoned B-3, presents an excellent investment potential. Boasting a complete 2024 remodel, including a new roof and windows, this turnkey space already houses tenants in 2 of the 3 units. It features separate meters for all utilities, new HVAC and water heaters, and new electrical panels. With an in-place income of $2,400, it offers a wood-fired pizza oven, fresh ADA restrooms, and a fully equipped kitchen. This never-before-operated, ADA-compliant property also benefits from city support for parking and licensing. Don't miss out on this retail/restaurant gem.

Investment Highlights

• Retail / Restaurant Specifications
• Area: 2,200 SF
• Sale Price: $469,000
• In-Place Income: $2,400
• Prime Location
• Complete Remodel in 2024
• Separated Meters All Utilities
• New Roof
• New Windows
• Tenants in 2 of 3 Units
• Turnkey Restaurant Buildout
• Wood Fired Pizza Oven
• New HVAC and Water Heaters
• New Electrical Panels
• Dry Clean Basement
• Attic Stock from Renovation
• City of Peru Support for Parking and Licensing
• Area: 2,200 SF
• Rate: $1,500
• ADA Compliant
• Never Before Operated
• New Wood Fired Pizza Oven ($24,000)
• (2) Fresh ADA Restrooms (Subway Tile)
• Dinning Room 18’4” x 53’ (970 SF)
• Kitchen & Restrooms 18’4” x 24’ (440 SF)
• 3 Compartment, Handwash, Deep Wash & Janitors Sink
• 36” Six Burner Vulcan Range
• 200 Amp Dedicated Service