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    Property profile & analytics

    451 Main St Peru, IN 46970-2519

    • Retail space
    • 1,096 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 25, 2023
    Location Intelligence
    Property ID
    US31-2274906
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • East End Double Dip / Pizza Takeout / Restaurant

    Property Details for 451 Main St

    Year built
    1924
    Construction
    WOOD
    Lot size
    0.08 lot acres
    Property size
    1,096 SF
    Property type
    Retail space
    APN
    52-08-27-124-015.000-016
    APU
    520827124015000016

    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
    -86.0553
    Latitude
    40.7596
    CBSA code
    37940
    CBSA name
    PERU, IN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,614
    $5,300
    $48,500
    $53,800
    -
    $5,300
    $48,500
    $53,800

    Comparable in this City

    • Value Estimation by Request
      2,016 SF

      19 21st W 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 2,016 SF
      19 21st W 3rd St, Peru, IN 46970
      View Details
    • Value Estimation by Request
      336 SF

      282 Main St

      RETAIL STORES (PERSONAL SERVICES) • 336 SF
      282 Main St, Peru, IN 46970-2414
      View Details
    • Value Estimation by Request
      1,702 SF

      3201 Peoria Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,702 SF
      3201 Peoria Dr, Peru, IN 46970-7094
      View Details
    • Value Estimation by Request
      2,032 SF

      1 Canal St

      RETAIL STORES (PERSONAL SERVICES) • 2,032 SF
      1 Canal St, Peru, IN 46970
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    • Value Estimation by Request
      12,760 SF

      2010 Matador St

      RETAIL STORES (PERSONAL SERVICES) • 12,760 SF
      2010 Matador St, Peru, IN 46970-3712
      View Details
    • Value Estimation
      $275,000
      4,822 SF

      336 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,822 SF
      336 Main St, Peru, IN 46970-1952
      View Details

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    Similar Nearby for Lease

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    451 Main St
    Peru, IN 46970-2519
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    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
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