291 Main St Peru, IN 46970-1953
This exceptional commercial property, located at 291 W Main Street in Peru, Indiana, presents a unique investment opportunity. Situated on a prominent corner lot with a 0.42-acre footprint, this building enjoys high visibility due to its Main Street location and strategic placement at a stoplight intersection. The property boasts a substantial two-story structure, offering ample space for a variety of commercial uses. The building includes a sizable 75 x 12 foot greenhouse, ideal for businesses requiring climate-controlled space. Heating is provided by two furnaces, one on each floor, ensuring efficient climate control throughout the building. Convenient parking is readily available with 22 spaces provided, along with a two-space carport attached to the rear of the building. The asking price for this well-maintained property is $595,000. Its prime location and versatile layout make it an attractive option for a wide range of commercial enterprises. The property's size and features offer significant potential for growth and expansion. This is a rare opportunity to acquire a well-established commercial property in a thriving location. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.