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    508 N Broadway Peru, IN 46970

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    For Sale
    $153,500

    One-story office building with versatile space in high-visibility location.

    Property size:
    2,066 SF
    Lot size:
    0.18 Acres

    Property Features for 508 N Broadway

    General Information

    Size
    2,066 SF
    Lot size
    0.18 Acres

    Source: Lundquist Appraisals & Real Estate Agent Robert Lundquist

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Peru Office Building For Sale

    This one-story office building, located on North Broadway in Peru, offers approximately 2,066 square feet of space. The interior features five private offices, two conference rooms, a reception and waiting area, a kitchen and breakroom, and two full bathrooms. The utility room has been remodeled with new floor joists, subfloor, and flooring. New gas lines have been installed in the crawl space. The building provides off-street parking at both the front and rear. A new roof was installed in 2021, and the furnace was replaced in 2019. The central air unit was installed in 2020. Most of the other remodeling was completed in 2008. This property is suitable for professional offices, a service business, or a small agency.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    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
    -86.07562
    Latitude
    40.763

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    FAQs

    What type of property is this?
    Office building - One-story office building with versatile space in high-visibility location.
    Where is this office building located?
    The property is located at 508 N Broadway Peru, IN.
    What is the asking price?
    The asking price for this property is $153,500.
    What are key features of this property?
    This property features: - Prime high-visibility location on North Broadway.; - Versatile 2,066 SF of office space.; - Ample off-street parking at front and rear.
    (260) 571-4653
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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
    508 N Broadway Peru, IN 46970
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