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    179 Miami St Peru, IN 46970

    Sponsored
    For Sale
    $500,000

    High-return retail property in Peru, IN.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 0.68-acre retail property located at 179 N Miami, Peru, Indiana, 46970 (APN: 52-08-27-304-034.000-165). Built in 1977, the property is offered at an asking price of $500,000. The buildings are in excellent condition and offer significant potential for expansion, catering to a variety of retail uses. Previously occupied by a printing business, the property is currently leased, providing immediate rental income for the investor. This presents a strong cash flow opportunity with a stable tenant. The property's location in Peru, Miami County, Indiana, offers convenient access to local amenities and a growing market. The 0.68-acre lot provides ample space for future development or expansion of existing structures. This is an ideal investment for those seeking a stable, high-return retail property with significant upside potential. The property's strong condition and current lease agreement make it a low-risk, high-reward investment opportunity. Detailed financial information and a property tour are available upon request.

    Property Features for 179 Miami St

    General Information

    Property type
    Retail properties
    Lot Size
    29,621 SF

    Building Details

    Year Built
    1977

    HighLights

    • 0.68‑acre retail property in Peru, IN (APN: 52‑08‑27‑304‑034.000‑165) at 179 N Miami, listed at $500,000.
    • Built in 1977, the property is in excellent condition and offers expansion potential.
    • Currently leased, providing immediate rental income and strong cash flow.
    • Located in a growing market with convenient access to local amenities.
    • Offers significant upside potential and is a low‑risk, high‑reward investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Modern Graphics Commercial Printer Marketing.com Commercial Printer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Peru
    County
    Miami
    State
    Indiana
    Longitude
    -86.0730024
    Latitude
    40.7566363

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    FAQs

    What type of property is this?
    Retail property - High-return retail property in Peru, IN.
    Where is this retail property located?
    The property is located at 179 Miami St Peru, IN.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 0.68-acre retail property in Peru, IN (APN: 52-08-27-304-034.000-165) at 179 N Miami, listed at $500,000.; Built in 1977, the property is in excellent condition and offers expansion potential.; Currently leased, providing immediate rental income and strong cash flow.
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    179 Miami 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
    179 Miami St Peru, IN 46970
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