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    Old Key Dr Peru, IN 46970

    Sponsored
    For Sale
    $795,000

    12 Acres, US 24 Frontage

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 12.13-acre commercial parcel presents a remarkable opportunity for development in Peru, Indiana. Strategically located on US Highway 24, this property boasts unparalleled visibility and accessibility, making it ideal for a wide range of commercial ventures. The site is ready for immediate development, offering significant advantages for businesses seeking a high-traffic location. All essential utilities are readily available, including city sewer, city water, natural gas, and electricity, eliminating the complexities and delays often associated with new construction projects. The expansive acreage provides ample space for large-scale projects, allowing for flexibility in design and layout. This prime location offers exceptional potential for retail establishments, restaurants, or other commercial uses that would benefit from high visibility and convenient access for customers. The property's size and location make it a rare find in the competitive Peru market. Don't miss this chance to secure a prominent position on a major thoroughfare. Serious inquiries only. Contact us today to learn more about this exceptional investment opportunity.

    Property Features for Old Key Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    528,383 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Peru
    County
    Miami
    State
    Indiana
    Longitude
    -86.07819
    Latitude
    40.77366

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    FAQs

    What type of property is this?
    Commercial real estate - 12 Acres, US 24 Frontage
    Where is this commercial real estate located?
    The property is located at Old Key Dr Peru, IN.
    What is the asking price?
    The asking price for this property is $795,000.
    (765) 473-3076
    Request Owner's contact information
    Old Key Dr 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
    Old Key Dr Peru, IN 46970
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