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    291 Main St Peru, IN 46970

    Sponsored
    For Sale
    $595,000

    High-traffic location, two-story building

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property, located at 291 W Main Street in Peru, Indiana, presents a unique investment opportunity. Situated on a prominent corner lot with a 0.42-acre footprint, this building enjoys high visibility due to its Main Street location and strategic placement at a stoplight intersection. The property boasts a substantial two-story structure, offering ample space for a variety of commercial uses. The building includes a sizable 75 x 12 foot greenhouse, ideal for businesses requiring climate-controlled space. Heating is provided by two furnaces, one on each floor, ensuring efficient climate control throughout the building. Convenient parking is readily available with 22 spaces provided, along with a two-space carport attached to the rear of the building. The asking price for this well-maintained property is $595,000. Its prime location and versatile layout make it an attractive option for a wide range of commercial enterprises. The property's size and features offer significant potential for growth and expansion. This is a rare opportunity to acquire a well-established commercial property in a thriving location. Serious inquiries are encouraged.

    Property Features for 291 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    18,295 SF

    Building Details

    Year Built
    2001
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Peru
    County
    Miami
    State
    Indiana
    Longitude
    -86.07798
    Latitude
    40.74944

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, two-story building
    Where is this commercial real estate located?
    The property is located at 291 Main St Peru, IN.
    What is the asking price?
    The asking price for this property is $595,000.
    (260) 399-1177
    Request Owner's contact information
    291 Main 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
    291 Main St Peru, IN 46970
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