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29999174
29999175

Interstate 80 and Plank Road, Peru, IL 61354

LE
IL 475.204597
Coldwell Banker Commercial Real Estate Group
RF
IL 471008936
Coldwell Banker Commercial Real Estate Group
Listed by Coldwell Banker Commercial Real Estate Group
Unpriced
157 days on market
Updated 47 days ago

Midwest Crossroads Business Park

Details
APN 17-06-200-000, 17-05-100-000, 17-06-203-000
Property Type Land
Sub Type Commercial
Broker Co-Op No
Acreage 1 - 75.2
Zoning A-2
Sale Condition For sale by owner

Flagship-caliber Development Site in a high-traffic Midwest location along I-80

Marketing description

This sale includes 3 parcels totaling 75.2 acres with 2600' of interstate frontage, visible by 26,000 VPD. The location offers access to approximately 42 million people within a five-hour drive time and 12 million people with a 90 minute drive time. Primary markets within a 90-minute drive include the Chicago metropolitan area, Peoria, Rockford, the Quad Cities, and Bloomington-Normal. The site serves as a strategic stopping point before or after congestion associated with the greater Chicago region. The size and configuration of the property allow for a large-scale fueling center, large-format retail, travel-oriented commercial uses, mixed-use development, and destination-driven concepts. The site can accommodate high-volume fueling, EV charging infrastructure, hospitality uses, and complementary commercial development. The property is located within Peru’s Industrial Tax Increment Financing (TIF) District to support infrastructure and site development south of I-80. The site is also eligible for UIRVDA Enterprise Zone incentives, including a sales tax exemption on qualifying building materials. Additional demand drivers include proximity to Starved Rock State Park, which attracts over 2.4 million visitors annually, regional sports tourism activity, and the adjacent Illinois Valley Regional Airport, which supports corporate and regional aviation traffic. With its scale, infrastructure readiness, interstate visibility, and regional market reach, Midwest Crossroads Business Park represents a rare opportunity to secure a flagship-caliber development site in a high-traffic Midwest location.

Best use: Full service fueling station, large format retail, travel-oriented commercial uses, mixed-use development, and destination-driven concepts.

Easements: East/West easement adjustable to accommodate Peru's future road connectivity from retail centers to the east. North/south utility easement ~1300' from the east edge.

Utilities: All municipal utilities at the access roadway including gas, a 10” water line, a 27” sewer line, and upgraded municipal electric service in preparation for large scale development.

Economic Impact: Peru functions as a dominant regional retail hub, generating nearly $800 million in annual retail sales despite representing a relatively small share of LaSalle County’s population. ⅓ of the sales tax generated in La Salle County is generated in Peru. This disproportionate sales concentration demonstrates strong regional draw and destination-based consumer behavior.

Public Incentives & Municipal Support: The property is located within Peru’s Industrial Tax Increment Financing (TIF) District to support infrastructure and site development south of I-80. The site is also eligible for UIRVDA Enterprise Zone incentives, including a sales tax exemption on qualifying building materials. Peru has expressed unwavering support for a large-scale fueling center or retail development and will expedite permits, studies, utility upgrades, and facilitate incentives as needed to streamline the development process!

Market Reach: The location offers access to approximately 42 million people within a five-hour drive time. Primary markets within a 90-minute drive include the Chicago metropolitan area, Peoria, Rockford, the Quad Cities, and Bloomington-Normal. The site serves as a strategic stopping point before or after congestion associated with the greater Chicago region.

Proximity: Adjacent to Peru’s VYS airport, an hour drive to PIA, BMI, MLI, or RFD. And easy access to MDW/ORD. This location is a prime “half day drive” from Indianapolis, Omaha, Minneapolis, and St Louis.

Future Community Projects: This property sits just north of a proposed Regional Sports Complex featuring indoor and outdoor ball fields, a retail and dining district, and residential units. Exit 73, Plank Road is the gateway to the Illinois Valley Pistol Shrimp minor league baseball stadium, the Illinois Valley regional airport which offers some of the lowest jet fuel prices in the Midwest for corporate travelers. Exit 75, IL 251 is the shopping and dining corridor featuring over 30 national retailers with plans to link this area to Plank Road via roadway and pedestrian bridges.

Tourism: Additional demand drivers include proximity to Starved Rock State Park, which attracts over 2.4 million visitors annually alone plus 4 other nearby State Parks and the Illinois River. There is ample regional sports tourism activity, and the adjacent Illinois Valley Regional Airport supports corporate and regional aviation traffic with a 6,000 jet runway.

Investment highlights

  • 3 parcels totaling 75.2 acres with 2600' of interstate frontage - 26,000 VPD!
  • 42 Million people within a 5-hour drive time
  • TIF Eligible, Enterprise Zone eligible
  • Shovel-ready Site, zoned A2 Agricultural Transitional
  • Accessible easily from I-80 east or west at Plank Road, Exit 73, just 5 miles west of I-39

Listing Contacts

LE
IL 475.204597
Coldwell Banker Commercial Real Estate Group
RF
IL 471008936
Coldwell Banker Commercial Real Estate Group
Listed by Coldwell Banker Commercial Real Estate Group

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Additional Information

Name
Leah Erickson
License
475.204597
Brokerage
Coldwell Banker Commercial Real Estate Group
Brokerage Phone
630-553-9000
Title
Commercial Broker
Brokerage Address
38 Countryside Parkway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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