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    5054 N Us Route 31 Peru, IN 46970

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    Claim this Listing
    For Sale
    $5,750,000

    Split Level, Farm - Peru, IN

    Type:Farm
    Property size:
    8,842 SF
    Lot size:
    91.16 Acres
    Price / SF:
    $650/SF
    Added:
    Apr 22, 2026
    Days on Market:
    11
    Last Refresh:
    May 2 at 4:06 pm

    Property Features for 5054 N Us Route 31

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    4
    Bathrooms
    5
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bonus Room, Dining Room, Exercise Room, Family Room, Kitchen, Laundry, Living Room
    Parking features
    Garage
    Pool private
    1
    Interior features
    Breakfast Bar, Kitchen Island, Entrance Foyer, Paddle Fan, Hardwood Floors, Eat-in Kitchen, Pantry, Walk-in Closet(s), Wood Work Painted, Wood Work Stained
    Exterior features
    Pool
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Microwave, Refrigerator, Washer, Water - Softener
    Standard status
    Active
    APN
    520425400002000012
    Size
    8,842 SF
    Lot size
    91.16 Acres

    Utilities

    Heating system
    Fireplace(s), Geothermal (Heating), Propane (Heating), Zoned (Heating)
    Cooling system
    Geothermal

    Building Details

    Year built
    1964
    Floors in Building
    1
    Building materials
    Brick
    Architectural style
    Split Level

    We can help!

    Listing Contact
    Michael Johnson

    Listing agent Michael Johnson License #RB14048437

    Listing office Encore Sotheby's International Pennsylvania St Ste 110, Carmel, IN

    Listing date Apr 22, 2026

    MLS# 22095830 Listing URL

    Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Premier Agri-Tourism Destination For Sale

    Located in Peru, McClure's Orchard & Winery is an established commercial operation and agri-tourism destination situated less than 90 minutes north of Indianapolis along the U.S. 31 corridor. The property benefits from high visibility and easy accessibility for travelers moving between Indianapolis and Northern Indiana/South Bend. This expansive 90+ acre property offers a combination of residential luxury and a high-yield agricultural business. The property includes a main residence designed for luxury living, or potential conversion into an upscale bed & breakfast or event venue, and a 3 bedroom farmhouse ideal for onsite management, staff or guest lodging. The orchard includes approximately 8,000 trees, featuring 150 unique varieties. Multiple structures are dedicated to commerce and production, including the Apple Barn and a dedicated Cider House and Bake Shop. Onsite equipment for crafting award-winning hard ciders and wines, including a sweet cider press, is included. Agri-tourism features include the Animal Barn, a family-friendly attraction with farm animals, and U-pick infrastructure includes organized areas for apple, pumpkin, and berry picking. Ample room is available for the corn maze, tractor rides, and field trips. Seasonal harvests begin in July and run through October. The property size is 8,842 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Real Estate Agency Auto Repair Shop Department Store Wine and Liquor Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Peru
    County
    Miami
    State
    Indiana
    Longitude
    -86.122732
    Latitude
    40.839667

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    FAQs

    What type of property is this?
    Farm - 90+ acre agri-tourism destination with luxury residence and orchard.
    Where is this farm located?
    The property is located at 5054 N Us Route 31 Peru, IN.
    What is the asking price?
    The asking price for this property is $5,750,000.
    What are key features of this property?
    This property features: Established and Profitable Agri‑Tourism Business: Premier orchard and winery offering immediate income potential.; Expansive 90+ Acre Property: Combines residential luxury with a high‑yield agricultural business.; Luxury Main Residence & Charming Farmhouse: Offers flexible living arrangements and potential for B&B/event venue.
    (317) 590-3454
    We can help!
    Listing Contact
    Michael Johnson
    Real Estate License ID: RB14048437
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    5054 N Us Route 31, Peru, IN 46970

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