Commercial Real Estate Market in Peru, IN
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
32 active listings and 1,076 off-market properties in Peru, IN. Commercial property asks $264/SF to buy and $8.00/SF/Yr to lease.
Market Trends
Peru, IN spans 180.1 square miles in Miami County, Indiana. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Peru, IN runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Peru, IN runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Peru, IN runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Peru, IN runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 54.4%
- Commercial 27.2%
- Industrial 14.5%
- Planned_development 1.2%
Largest Zones share of zoned land by district
Residential
Commercial
Industrial
Residential
Industrial
Peru, IN zones 2,550 acres across 14 districts. Commercial zoning covers 27.2% of zoned land, residential 54.4% and industrial 14.5%. The largest single district is Residential at 46.6%. For commercial buyers the practical constraint is that only 41.7% of land carries a commercial or industrial designation.
Residential (R-1)
An R-1 or R-3 Residential or LR Lake Residential District. RESTAURANT. A building structure in which food and drinks are prepared primarily for sale and consumption within such structure, including incidental take-out service. (See also DRIVE-IN RESTAURANT ) RETAIL SALES AND SERVICES. Department stores, variety stores, drug and sundry stores, rest- aurants,…
Market overview
Demographics & Economy
Peru, IN has 23,317 residents in 10,177 households. Density runs 129 people per square mile. Median household income here is $56,722 and median gross rent $822 a month.
23,317
Population
10,177
Households
2.3
Avg Household Size
41
Median Age
16%
College-Educated
88%
High-School Grad
180.1 sq mi
ZIP Area
129
Density / Sq Mi
$56,722
Median Household Income
$34,895
Median Earnings
$822
Median Rent
$111,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mexico | — | — |
| New Waverly | — | — |
| Bunker Hill | — | — |
| Chili | — | — |
Commercial property in Peru, IN asks $264/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Peru?
Commercial property in Peru, IN asks an average of $264 per square foot.
How much does it cost to lease commercial space in Peru?
Asking lease rates in Peru, IN average $8.00 per square foot per year.
What zoning applies to commercial property in Peru?
Peru, IN zones 2,550 acres across 14 districts, of which 27.2% is commercial and 14.5% industrial. The largest single district is Residential at 46.6% of zoned land. An R-1 or R-3 Residential or LR Lake Residential District. RESTAURANT. A building structure in which food and drinks are prepared primarily for sale and consumption within such structure, including incidental take-out service. (See also DRIVE-IN RESTAURANT ) RETAIL SALES AND SERVICES. Department stores, variety stores, drug and sundry stores, rest- aurants,… Residential zoning covers 54.4% and open space 0%.
Where does Realmo's Peru market data come from?
Realmo compiles Peru, IN figures from 25 active sale listings, 7 active lease listings, 1,076 tracked off-market properties, the current Peru zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 25 active for-sale and 7 active for-lease listings in Peru, IN. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 2,550 zoned acres across 14 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
