Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    Peru IN 46970 Alberts Dr Peru, IN 46970

    • Land
    • 10.86 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for Peru IN 46970 Alberts Dr

    Lot size
    10.86 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Peru
    County
    Miami
    State
    Indiana
    Longitude
    -86.0865
    Latitude
    40.7794

    Comparable in this City

    • Value Estimation by Request
      7.76 Acres

      Sec Of Us-31 & Us-24

      Land • 7.76 Acres
      0 Sec Of Us-31 & Us-24, Peru, IN 46970
      View Details
    • Value Estimation by Request
      22.06 Acres

      US-24 & Eel Riv Rd

      Land • 22.06 Acres
      US-24 & Eel Riv Rd, Peru, IN 46970
      View Details
    • Value Estimation by Request

      US-24 & Eel Riv Rd

      Individual retail properties
      US-24 & Eel Riv Rd, Peru, IN 46970
      View Details
    • Value Estimation by Request

      Sec Of Us-31 & Us-24

      Land
      0 Sec Of Us-31 & Us-24, Peru, IN 46970
      View Details
    • Value Estimation by Request
      46.55 Acres

      3746 Division Rd

      Agricultural land • 3,472 SF
      3746 Division Rd, Peru, IN 46970
      View Details
    • Value Estimation by Request
      29.00 Acres

      1535 Lancer St

      Land • 29.00 Acres
      1535 Lancer St, Peru, IN 46970
      View Details

    Similar Nearby for Sale

    • $1,500,000
      7.76 Acres

      Peru, IN Truck Stop Land

      7.76 Acres, High-Traffic Corner Site
      0 Sec Of Us-31 & Us-24, Peru, IN 46970
      View Details
    • $2,750,000
      22.06 Acres

      Peru, IN Truck Stop Land

      22-Acre Commercial/Industrial Site, High Traffic
      US-24 & Eel Riv Rd, Peru, IN 46970
      View Details
    • $595,000
      0.42 Acres

      Prime Peru Commercial Property

      Main Street Corner Lot, High Visibility
      291 Main St, Peru, IN 46970
      View Details
    • $2,725,000
      60,600 SF

      60,600 SF Industrial Facility

      60,600 SF industrial facility on 5.67 acres for sale.
      1040-1050 Industrial Pkwy, Peru, IN 46970
      View Details
    • $735,000
      70.00 Acres

      70 Acre Recreational Hunting Paradise

      Mixed-use recreational property with tillable land, modern comforts, and diverse topography.
      1848 S Cr 1100 E, Peru, IN 46970
      View Details
    • Contact for pricing
      12.50 Acres

      Classified Forest Land For Sale

      12.5+/- acres of recreational woods with hunting opportunities.
      3542 W Division Rd, Peru, IN 46970
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo

      Commercial Land for Lease

      0.629 acre commercial land available for ground lease.
      912 W Main St, Peru, IN 46970
      View Details
    • $18 SF/Yr
      2,350 SF

      Medical/Office Space Near Downtown Peru

      Single-tenant medical/office property in the heart of Peru.
      1 Logan St, Peru, IN 46970
      View Details
    • $6 SF/Yr
      100,677 SF

      North Broadway Retail Center

      Peru, IN: Prime Retail Space Available
      760 Broadway St, Peru, IN 46970
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Peru IN 46970 Alberts Dr
    Peru, IN 46970
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.