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    179 Miami St Peru, IN 46970

    For Sale
    $500,000

    High-return commercial property in Peru, IN.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional investment opportunity presents a 0.68-acre commercial property located at 179 N Miami Street in Peru, Indiana, listed at $500,000. The property consists of commercial buildings currently leased, offering immediate cash flow for the investor. The previous owner operated a printing business on the site, which has since been sold, and the real estate is now available for purchase separately. The buildings are well-maintained and in excellent condition, presenting a solid foundation for continued rental income. There is significant potential for expansion, allowing for future growth and increased profitability. The ample space provides flexibility for a variety of commercial uses, making this a versatile investment. This property is ideal for investors seeking a stable, income-generating asset with significant upside potential in a desirable location. The strong existing lease provides immediate return on investment, while the potential for expansion offers long-term growth opportunities. Financial details and a property tour can be arranged upon request. This is a rare opportunity to acquire a well-established commercial property in a thriving market. Don't miss out on this chance to secure a valuable addition to your investment portfolio.

    Property Features for 179 Miami St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    29,621 SF

    Building Details

    Year Built
    1977
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Modern Graphics Commercial Printer Marketing.com Commercial Printer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Peru
    County
    Miami
    State
    Indiana
    Longitude
    -86.073
    Latitude
    40.75663

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    FAQs

    What type of property is this?
    Commercial real estate - High-return commercial property in Peru, IN.
    Where is this commercial real estate located?
    The property is located at 179 Miami St Peru, IN.
    What is the asking price?
    The asking price for this property is $500,000.
    (574) 223-2010
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    179 Miami St Peru, IN 46970
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    Peru, IN 46970
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    179 Miami St Peru, IN 46970
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