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1830 4th St
Peru, IL 61354

$1,500 USD/MO

Storefront Retail Residential For Lease  •  2,200 SF

Property Details

  • Property Type Storefront Retail Residential
  • Year Built 1900
  • Total Building Size 5,800 SF
  • Tenancy Multiple
  • Building Class C
50 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste Retail 2,200 SF $8.18 USD/SF/YR 
This 2,200-square-foot retail/restaurant space offers a fully renovated, turnkey opportunity in the heart of downtown Peru. The space is ADA-compliant and has never been operated, making it ideal for a new food and beverage concept or specialty retail. The buildout includes a new wood-fired pizza oven valued at $24,000, two ADA-compliant restrooms with subway tile finishes, and a dedicated kitchen area equipped with a 36” six-burner Vulcan range and 200-amp dedicated service.
The dining area spans approximately 970 square feet, complemented by a 440-square-foot kitchen and restroom section. Additional features include a three-compartment sink, deep wash station, janitor’s sink, and modern finishes throughout. The property benefits from city support for parking and licensing, ensuring a smooth operational setup for tenants. Positioned in a prime location with strong visibility and easy access to local amenities, this space is ready for immediate occupancy.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: To Be Determined
  • Built out as: Restaurants And Cafes
  • Space Type: Relet

Description 

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.

Highlights

Fully renovated in 2024 with new roof, windows, HVAC, water heaters, and electrical panels.
Retail space includes turnkey restaurant buildout with wood-fired pizza oven and ADA compliance.
Prime downtown location with city support for parking and licensing.
Separate utility meters for all units and dry, clean basement with attic storage.

Amenities

  • 24 Hour Access
Jon Chamlin 312-446-6455 Cawley Commercial Real Estate
Jon Chamlin 312-446-6455 Cawley Commercial Real Estate