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    760 Broadway St Peru, IN 46970

    For Lease
    $6 SF/Yr

    Peru, IN: Prime Retail Space Available

    Lot size:
    100,677 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail property, North Broadway Shopping Center, boasts 100,677 square feet of versatile space in Peru, Indiana. Currently, three spaces are available, ranging from 2,661 to 15,660 square feet, ideal for a variety of retail, restaurant, or special purpose tenants. The center is strategically located on North Broadway Street, less than two miles east of US 31, a major four-lane highway connecting Indianapolis to South Bend, Kalamazoo, and Grand Rapids. Its established location benefits from proximity to numerous national retailers along this north-south state highway. Furthermore, the center is conveniently situated less than half a mile from the Hoosier Heartland Corridor, a new four-lane highway linking West Lafayette to Fort Wayne. The property features a convenient parking lot with center turn lanes. Attractive incentives are available for new tenants, including free rent concessions, a substantial tenant improvement allowance, and flexible lease terms. The property is under new management, signifying a commitment to tenant satisfaction and property enhancement. This presents a unique opportunity to establish or expand your business in a thriving retail area with excellent highway accessibility and generous lease terms.

    Property Features for 760 Broadway St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    100,677 SF
    Total Rate
    50338.5

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    14,811 SF
    Rate per SF
    $6
    Space
    Available Space 1
    Size
    15,660 SF
    Rate per SF
    $6
    Space
    Available Space 3
    Size
    2,661 SF
    Rate per SF
    $8

    HighLights

    • 100,677 square feet of retail space available in Peru, Indiana.
    • Three available spaces ranging from 2,661 to 15,660 square feet, suitable for retail, restaurant, or special use.
    • Excellent location on North Broadway Street, near US 31 and the Hoosier Heartland Corridor.
    • Ample parking with center turn lanes.
    • Attractive tenant incentives including free rent, TI allowance, and flexible lease terms.
    • Property under new management.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Peru
    County
    Miami
    State
    Indiana
    Longitude
    -86.077545231273
    Latitude
    40.766564178738

    Nearby Comparable

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    Nearby Similar for Lease

    • $18 SF/Yr
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      View Details

    FAQs

    What type of property is this?
    Restaurant - Peru, IN: Prime Retail Space Available
    Where is this restaurant located?
    The property is located at 760 Broadway St Peru, IN.
    What is the lease rate?
    The lease rate is $6-$8 SF/Yr.
    What are key features of this property?
    This property features: 100,677 square feet of retail space available in Peru, Indiana.; Three available spaces ranging from 2,661 to 15,660 square feet, suitable for retail, restaurant, or special use.; Excellent location on North Broadway Street, near US 31 and the Hoosier Heartland Corridor.
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    Peru, IN 46970
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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
    760 Broadway St Peru, IN 46970
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