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    1 Logan St Peru, IN 46970

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    For Lease
    $18 SF/Yr ($3,525 /Mo)

    Single-tenant medical/office property in the heart of Peru.

    Property size:
    2,350 SF
    Lot size:
    0.08 Acres

    Property Features for 1 Logan St

    General Information

    Size
    2,350 SF
    Lot size
    0.08 Acres

    Source: Corporate Commercial Group Agent Keith Dedrick

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

    Overview

    Medical/Office Space Near Downtown Peru

    The property at 1 Logan Street, Peru, is a single-tenant, Class B medical/office space with approximately 2,349 square feet of area. It is located on a 0.47-acre site in the heart of Peru, near downtown, less than half a mile from Duke’s Memorial Hospital, and directly across from Peru Junior/Senior High School. The property features a large waiting room, a reception area, multiple restrooms, offices, lab space, and an open area. It also includes exam rooms and multiple water sources in all rooms. Tenant improvements are available. There are 17 parking spaces. The zoning is B-3. The daily traffic count is 8,982. US-24 is 1.0 mile away and US-31 is 3.2 miles away. A minimum lease term of 3 years is required.
    Insight Report Location Intelligence

    Current Use by Public Records

    Zimmerman Richard DDS Orthodontist Zimmerman Orthodontics Orthodontist

    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.

    Similar Places Nearby

    Quinlan Dan DVM

    Location Insight

    • Map
    • Local Demand
    City
    Peru
    County
    Miami
    State
    Indiana
    Longitude
    -86.075999
    Latitude
    40.759734

    Nearby Similar for Lease

    • $6 SF/Yr
      100,677 SF

      North Broadway Retail Center

      Peru, IN: Prime Retail Space Available
      760 Broadway St, Peru, IN 46970
      View Details

    FAQs

    What type of property is this?
    Medical office - Single-tenant medical/office property in the heart of Peru.
    Where is this medical office located?
    The property is located at 1 Logan St Peru, IN.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the heart of Peru, near downtown, and directly across from Peru Junior/Senior High School.; - Less than half a mile from Duke's Memorial Hospital.; - Well-suited for medical or office use with existing features such as a large waiting room, reception area, multiple restrooms, offices, lab space, exam rooms, and multiple water sources in all rooms.
    (317) 502-3622
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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
    1 Logan St Peru, IN 46970
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