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Property profile & analytics
OFF-MARKET
Land

Peru IN 46970 Alberts Dr Peru, IN 46970

10.86 ac lot
Property ID
Property summary
AI-generated overview

Exceptional development opportunity awaits in Miami County, Indiana, near Peru. This expansive 10.86-acre parcel presents a unique chance to create a thriving residential or industrial community. The property offers flexible purchase options, allowing for individual lot sales or the acquisition of the entire acreage. Lots range from one to one and a half acres, providing ample space for custom home construction or industrial development. Conveniently located near Highway 24 (south) and Highway 31 (west), ensuring easy access and connectivity. Electric service is available at the roadside. While private wells and septic systems are required, discussions regarding utility extensions are possible due to the proximity of existing infrastructure. Existing covenants are in place, and any proposed home plans must adhere to these regulations. This prime location offers a serene country setting while still being minutes away from Peru's amenities. This is an ideal investment for developers and builders seeking to establish a new residential subdivision or industrial park. The asking price for the entire 10.86-acre property is $200,000.

Property profile
Verified
Property type Land
Lot 10.86 ac (473,062 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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