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Property profile & analytics

Peru, IN 46970

  • Commercial real estate
  • 8.03 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Commercial real estate

Property Details

Year built
1963
Lot size
8.03 lot acres
Property type
Commercial real estate

Description

This exceptional investment opportunity encompasses two substantial masonry buildings totaling over 16,000 square feet situated on a generous 8.03-acre lot in Peru, Indiana. The property presents a unique chance for a complete remodel and redevelopment project with significant income-generating potential. Both three-story buildings offer ample space for a variety of commercial uses, allowing for creative adaptation to meet diverse business needs. The strategic location within the Grissom Aeroplex provides excellent access to a thriving industrial and aerospace hub, further enhancing the property's investment appeal. The proximity to the Star Plus Energy Battery Plant, just 15 minutes away, adds another layer of strategic advantage, offering potential access to a growing workforce and supply chain. Convenient community parking is readily available directly across the street, ensuring ease of access for employees and customers. This substantial property offers a rare chance to acquire a large footprint in a dynamic location with the potential for substantial returns on investment. The buildings require a complete remodel, presenting an opportunity to customize the space to perfectly suit your vision and business plan. The expansive acreage provides ample room for future expansion or additional development, further maximizing the long-term value of this exceptional investment. Priced at $300,000, this property represents a compelling opportunity for discerning investors seeking significant upside potential in a rapidly developing area.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use


Location Insight

  • Map
  • Local Demand
City
Peru
County
Miami
State
Indiana
Longitude
-86.1301
Latitude
40.6627
More about this property
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