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Four-Unit Office Building
For Sale
$390,000

400 N Broadway Street, Peru, IN 46970

COMMERCIAL, Peru, IN

Property SizeContact for details
Lot Size0.40 Acres
Days on Market107

Property Features for 400 N Broadway Street

General Information

Property type Commercial Sale
Property subtype Other
Rooms Basement
Lot features City
Directions Take Business 24 into Peru to Broadway St. Turn North to property on West side across from Peru High School.
Subdivision Miami County
Standard status Active
APN 52-08-28-104-014.000-016
Lot size 0.40 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description 021-94450-00 PT E1/2 NE1/4 28-27-04 .40 43 244 50000
Tax Annual Amount 4389
Legal Description 021-94450-00 PT E1/2 NE1/4 28-27-04 .40 43 244 50000

Utilities

Cooling system Central Air

Building Details

Year built 1978
Flooring type Carpet, Laminate
Roof type Shingle
Listing Agency: RE/MAX Realty One · RE/MAX International
Listed By: Penny Irwin · License #RB14014253
Added: May 18 Changed: Aug 26 Last Checked: Sep 1 at 6:06PM
MLS# 202618865

Copyright © 2026 REALTORS Association of Central Indiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This four-unit office property offers a multi-tenant configuration with space suited to medical and professional office functions. Existing occupancy is partially leased, providing an established tenancy within the building while leaving additional space for business use or future leasing. Interior finishes include laminate and carpet flooring, with central air conditioning and a shingle roof. A basement adds functional support space.

The property occupies a 0.4-acre corner lot at 400 N Broadway Street in Peru, Indiana. On-site parking and the corner position support convenient access for clients, staff, and visitors. Constructed in 1978, the building is positioned for continued office use under its medical or office zoning designation.

Key Highlights

  • Four‑unit office configuration with partially leased occupancy
  • Medical or office zoning supports professional business use
  • 0.4‑acre corner lot at 400 N Broadway Street

Property Analytics

Current Use

Office buildings

Lease Details

4
Office units

Location Intelligence

Trade Area within ½ mile

578
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

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office building - Medical and office zoning supports flexible professional occupancy.
Where is this office building located?
The property is located at 400 N Broadway Street 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 configuration with partially leased occupancy; Medical or office zoning supports professional business use; 0.4‑acre corner lot at 400 N Broadway Street
More about this property
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