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Renovated Commercial Building with Land
For Sale
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623 5th St, Peru, NE 68421

Renovated commercial building and land package in downtown Peru.

Property Size3,497 SF
Lot Size0.30 Acres
Price / SF$57.19
Days on Market138

Property Features for 623 5th St

General Information

Standard status Active
Size 3,497 SF
Lot size 0.30 Acres
Property subtype Land, Retail
Zoning COM

Building Details

Year Built 1967
Year Renovated 2022
Buildings 1
Stories 1
Listing Agency: OMNE Partners Omaha
Listed By: Erik Rickard · License #NE
Source: Crexi
Added: Mar 27 Changed: Aug 8 Last Checked: Jun 26 at 8:14PM

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 OMNE Partners Omaha

Investment Insights

Based on property information with market context.

Offered for sale is a commercial building and land package. The main building, comprising 3,497 square feet, was substantially renovated in 2022, with improvements including new electrical, plumbing, and HVAC systems, as well as other capital improvements. The property features a loading dock and a functional layout suitable for a variety of commercial uses. The sale includes the primary building and three additional contiguous parcels located directly north of the main building, totaling approximately 0.30 acres. A warehouse structure on site is in poor condition and may require extensive rehabilitation or demolition according to local governing authorities. The property is located on 5th Street near the center of downtown Peru. The sale of the property does not include furniture, fixtures, and equipment. All properties are being sold as is, where is, with no representations or warranties expressed or implied. Buyers are responsible for performing all due diligence and obtaining any required approvals from local governing authorities.

Key Highlights

  • Substantially renovated main building (3,497 SF) in 2022 with new electrical, plumbing, and HVAC
  • Located on 5th Street near downtown Peru
  • Includes three additional contiguous parcels, totaling approximately 0.30 acres

Property Analytics

Current Use

The Market Grocery & Convenience Store

Suggested Use

Top Pick Plumbing Service Kitchen & Bath Showroom Daycare Center Gym & Fitness Center Hair Salon Nail Salon

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

20
Businesses Nearby

Demographics for 68421, NE

987
Population
391
Households
2.5
Avg Household Size
25
Median Age
43%
College-Educated
93%
High-School Grad
49.6 sq mi
ZIP Area
20
Density / Sq Mi
$57,838
Median Household Income
$8,833
Median Earnings
$504
Median Rent
$97,500
Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Renovated commercial building and land package in downtown Peru.
Where is this retail space located?
The property is located at 623 5th St Peru, NE.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Substantially renovated main building (3,497 SF) in 2022 with new electrical, plumbing, and HVAC; Located on 5th Street near downtown Peru; Includes three additional contiguous parcels, totaling approximately 0.30 acres
(402) 658-9827 Call to check price and availability
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