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Multi-Unit Office Building
For Sale
$390,000

400 N Broadway, Peru, IN 46970

Four-unit office building on a high-visibility corner lot, zoned for medical or office use, partially leased.

Property SizeContact for details
Days on Market157

Property Features for 400 N Broadway

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $4,389
Listing Agency: RE/MAX Realty One
Listed By: Penny Irwin · License #RB14014253
Source: Exprealty
Added: May 18 Changed: Oct 2 Last Checked: Oct 20 at 11:26PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Realty One

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Investment Insights

Based on property information with market context.

This multi-unit commercial property offers four separate units with flexible space options. The configuration supports a mix of professional uses, including medical and office applications, and the building is partially leased with established tenancy already in place.

Located at 400 N Broadway in Peru, IN, the property sits on a high-visibility corner lot designed for straightforward access and convenient parking for clients and staff. Its prominent corner positioning is intended to support visibility for prospective occupants.

Zoned for medical or office use, the building provides adaptability for a range of professional needs, whether you are looking to expand your portfolio or to occupy part of the property while maintaining income from existing tenancy.

Key Highlights

  • Four‑unit office building on a high‑visibility corner lot
  • Zoned for medical or office use
  • Partially leased with established tenancy in place

Property Analytics

Contact the owner directly Get the owner's phone numbers and email
Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Kitchen & Bath Showroom Daycare Center Garden Center (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

476
Businesses Nearby

Demographics for 46970, IN

23,317
Population
10,177
Households
2.3
Avg Household Size
41
Median Age
16%
College-Educated
88%
High-School Grad
179.9 sq mi
ZIP Area
130
Density / Sq Mi
$56,722
Median Household Income
$34,895
Median Earnings
$822
Median Rent
$111,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Four-unit office building on a high-visibility corner lot, zoned for medical or office use, partially leased.
Where is this office unit located?
The property is located at 400 N Broadway Peru, IN.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Four‑unit office building on a high‑visibility corner lot; Zoned for medical or office use; Partially leased with established tenancy in place
More about this property
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