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    291 Main St Peru, IN 46970

    Sponsored
    For Sale
    $595,000

    Main Street Corner Lot, High Visibility

    Property size:
    18,165 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property at 291 W Main Street in Peru, Indiana, presents a unique investment opportunity. Boasting a prominent corner location with excellent visibility, this 0.417-acre lot features a substantial 18,165 square foot building ideal for a variety of uses. The property currently houses a florist business and benefits from a high-traffic location at a stoplight on Main Street. The building is a two-story structure with ample parking, including 22 spaces and a two-space carport attached to the rear. The property includes a sizable 75 x 12 foot greenhouse, adding significant potential for expansion or specialized uses. Two furnaces, one on each floor, ensure efficient climate control throughout the building. The property's size and location make it suitable for a wide range of commercial ventures, from retail to office space, or even continued use as a florist or similar business. The asking price is $595,000. This is a rare opportunity to acquire a well-established commercial property in a desirable location with significant potential for growth and return on investment. The property is zoned for commercial use and is located in Miami County, Indiana, with a zip code of 46970. The coordinates are 40.7494932 latitude and -86.078008 longitude.

    Property Features for 291 Main St

    General Information

    Property type
    Land
    Square Feet
    18,165 SF
    Lot Size
    18,165 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -86.078008
    Latitude
    40.7494932

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    FAQs

    What type of property is this?
    Land - Main Street Corner Lot, High Visibility
    Where is this land 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.
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    291 Main St 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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