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Property profile & analytics
OFF-MARKET
Manufacturing properties

179 Miami St Peru, IN 46970-2106

6,240 SF 0.35 ac lot Built 1977
Individually Owned Absentee Owner Free & Clear
Property ID
US31-2371648
Property summary
AI-generated overview

This exceptional investment opportunity presents a 0.68-acre commercial property located at 179 N Miami Street in Peru, Indiana, listed at $500,000. The property consists of commercial buildings currently leased, offering immediate cash flow for the investor. The previous owner operated a printing business on the site, which has since been sold, and the real estate is now available for purchase separately. The buildings are well-maintained and in excellent condition, presenting a solid foundation for continued rental income. There is significant potential for expansion, allowing for future growth and increased profitability. The ample space provides flexibility for a variety of commercial uses, making this a versatile investment. This property is ideal for investors seeking a stable, income-generating asset with significant upside potential in a desirable location. The strong existing lease provides immediate return on investment, while the potential for expansion offers long-term growth opportunities. Financial details and a property tour can be arranged upon request. This is a rare opportunity to acquire a well-established commercial property in a thriving market. Don't miss out on this chance to secure a valuable addition to your investment portfolio.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1977
Construction WOOD
Total area 6,240 SF
Lot 0.35 ac (15,048 SF)
APN 52-08-27-304-036.000-016
UPID US31-2371648
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
Current use
Occupant on record · Public records
  • Modern Graphics Marketing & Advertising Printing Service
  • Marketing.com Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
CLARY RICHARD L PATRICIA
CLARY RICHARD L PATRICIA
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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