The mall's anchor stores are Jo-Ann Fabrics, AMC Theatres, and Marshalls.

The 465,000 square feet (43,200 m2) mall also serves as a major commercial center in the city of Peru.

In 2024, an auction of the former Sears anchor was done and sold to a private investor based in California.

So far, the only redevelopment done was some new concrete added to the walled off Bergners and Sears entrances, a new road way was paved in front of the mall which was needed.

On November 23, 2024, the manager of Claire's announced they would be closing at Peru Mall via a Facebook post.

[8] In late December 2024 a pick up truck collided with a pillar of the Peru Mall sign located in front of the North East entrance.