Peru IN 46970 Alberts Dr Peru, IN 46970
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.