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    291 Main St Peru, IN 46970

    Sponsored
    For Sale
    $595,000

    High-traffic corner location, 7,944 SF

    Property size:
    7,944 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity presents a thriving convenience store located at 291 W Main St, Peru, IN 46970. Situated on a 0.417-acre lot, this two-story building boasts 7,944 square feet of space, offering ample room for operations and potential expansion. Built in 2001, the property is zoned C-1, allowing for a variety of commercial uses. The asking price is $595,000, translating to $74.90 per square foot. A key advantage is its prime corner location at a stoplight, ensuring high visibility and significant traffic flow. The building features a valuable 12x17 foot greenhouse attached to its south side, adding unique potential for various business applications. Furthermore, a two-space carport is conveniently attached to the rear of the building, providing covered parking for customers or employees. This well-maintained property presents a strong investment opportunity in a desirable location with excellent potential for continued success. The single building is situated on a 0.417 acre lot.

    Property Features for 291 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,944 SF
    Lot Size
    18,165 SF

    Building Details

    Year Built
    2001
    Buildings
    1
    Stories
    2

    HighLights

    • $595,000 asking price for this retail convenience store.
    • 7,944 square feet on a 0.417‑acre lot.
    • $74.90 price per square foot.
    • Built in 2001, this two‑story building features one structure.
    • C‑1 zoning.
    • Prime corner location with high traffic flow.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Peru
    County
    Miami
    State
    Indiana
    Longitude
    -86.0779284
    Latitude
    40.7494114

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic corner location, 7,944 SF
    Where is this individual retail property located?
    The property is located at 291 Main St Peru, IN.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: $595,000 asking price for this retail convenience store.; 7,944 square feet on a 0.417-acre lot.; $74.90 price per square foot.
    Request Owner's contact information
    291 Main St Peru, IN 46970
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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
    291 Main St Peru, IN 46970
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