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    Property profile & analytics

    56 Broadway Peru, IN 46970-2230

    • Retail space
    • 8,134 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $330,000
    Last Sale
    Dec 03, 2021
    Location Intelligence
    Property ID
    US31-2130475
    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

    • Retail space

    Property Details for 56 Broadway

    Year built
    1900
    Construction
    WOOD
    Lot size
    0.15 lot acres
    Property size
    8,134 SF
    Property type
    Retail space
    APN
    52-08-27-302-071.000-016
    APU
    520827302071000016

    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
    -86.0688
    Latitude
    40.7519
    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
    $3,483
    $17,000
    $99,100
    $116,100
    -
    $17,000
    $99,100
    $116,100

    Comparable in this City

    • Value Estimation by Request
      3.00 Acres

      3378 550th N

      RETAIL STORES (PERSONAL SERVICES) • 3.00 Acres
      3378 550th N, Peru, IN 46970-8293
      View Details
    • Value Estimation by Request
      1,680 SF

      154 Grant St

      RETAIL STORES (PERSONAL SERVICES) • 1,680 SF
      154 Grant St, Peru, IN 46970-1903
      View Details
    • Value Estimation by Request
      1,700 SF

      269 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,700 SF
      269 Main St, Peru, IN 46970
      View Details
    • Value Estimation by Request
      1,920 SF

      266 Spg St

      RETAIL STORES (PERSONAL SERVICES) • 1,920 SF
      266 Spg St, Peru, IN 46970-2855
      View Details
    • Value Estimation by Request
      2,496 SF

      6173 500th S

      RETAIL STORES (PERSONAL SERVICES) • 2,496 SF
      6173 500th S, Peru, IN 46970-7058
      View Details
    • Value Estimation by Request
      3,344 SF

      30 7th St

      RETAIL STORES (PERSONAL SERVICES) • 3,344 SF
      30 7th St, Peru, IN 46970-2131
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
      6,308 SF

      Freestanding Medical Office Building

      6,308 SF medical office near Dukes Memorial Hospital.
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      1.00 Acres

      Residential Lot in Hidden Hills

      One-acre residential lot in the Hidden Hills community.
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    Similar Nearby for Lease

    • $6 SF/Yr
      100,677 SF

      North Broadway Retail Center

      Peru, IN: Prime Retail Space Available
      760 Broadway St, Peru, IN 46970
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    • $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.
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      View Details
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    56 Broadway
    Peru, IN 46970-2230
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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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