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Four-Unit Office Building
For Sale
$390,000

400 N Broadway Street, Peru, IN 46970

COMMERCIAL, Peru, IN

Property SizeContact for details
Lot Size0.40 Acres
Days on Market99

Property Features for 400 N Broadway Street

General Information

Property type Commercial Sale
Property subtype Other
Rooms Basement
Lot features City
Directions Take Business 24 into Peru to Broadway St. Turn North to property on West side across from Peru High School.
Subdivision Miami County
Standard status Active
APN 52-08-28-104-014.000-016
Lot size 0.40 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description 021-94450-00 PT E1/2 NE1/4 28-27-04 .40 43 244 50000
Tax Annual Amount 4389
Legal Description 021-94450-00 PT E1/2 NE1/4 28-27-04 .40 43 244 50000

Utilities

Cooling system Central Air

Building Details

Year built 1978
Flooring type Laminate, Carpet
Roof type Shingle
Listing Agency: RE/MAX Realty One · RE/MAX International
Listed By: Penny Irwin · License #RB14014253
Added: May 18 Changed: Aug 19 Last Checked: Aug 24 at 2:06AM
MLS# 202618865

Copyright © 2026 REALTORS Association of Central Indiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This four-unit office building offers flexible space suited to medical, professional office, or service-based businesses. The property is partially leased with established tenancy in place, while still providing room for owner-occupancy or additional rental opportunities. The building is zoned for medical or office use, supporting a range of professional needs.

Located on a high-visibility corner lot, the property is positioned for strong exposure and convenient access for clients and staff. Parking is described as convenient for day-to-day operations.

Built in 1978, the building includes central air cooling. Interior finishes include carpet and laminate flooring. The property features a shingle roof and includes basement space in the room configuration.

Key Highlights

  • Four‑unit commercial property with flexible space options for medical, office, or service use
  • Zoned for medical or office use
  • High‑visibility corner lot with convenient access and parking for clients and staff

Property Analytics

Current Use

Office Units

Lease Details

4
Office units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

578
Businesses Nearby

Demographics for 46970, IN

23,317
Population
10,177
Households
2.3
Avg Household Size
41
Median Age
16%
College-Educated
88%
High-School Grad
179.9 sq mi
ZIP Area
130
Density / Sq Mi
$56,722
Median Household Income
$34,895
Median Earnings
$822
Median Rent
$111,200
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Four-unit office building on a high-visibility corner lot, zoned for medical or office use.
Where is this office units located?
The property is located at 400 N Broadway Street Peru, IN.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Four‑unit commercial property with flexible space options for medical, office, or service use; Zoned for medical or office use; High‑visibility corner lot with convenient access and parking for clients and staff
More about this property
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