588 7th St Peru, IN 46970-1880
This exceptional 96,000-square-foot industrial flex space, located at 588 W 7th St, Peru, IN 46970, presents a unique investment opportunity. Built in 1938 and extensively renovated in 1998, this single-tenant property sits on a spacious 20-acre lot and is zoned I-2. The building boasts a steel frame construction, incorporating 5,900 square feet of well-appointed office space. Ceiling heights range from 12 to 24 feet, providing ample vertical space for various uses. The property is fully equipped with a 100% wet sprinkler system, ensuring optimal fire safety. Significant heavy power is available throughout the building, catering to energy-intensive operations. Conveniently located just two miles from Highway 31 and one block from Highway 24, this property offers excellent accessibility and transportation links. The building features five loading docks and two dock-high doors, facilitating efficient loading and unloading of goods. This property is offered as a Triple Net (NNN) lease. This prime industrial space is ideal for a variety of businesses seeking a well-maintained, strategically located facility with significant capacity and modern amenities. The property's size, location, and features make it an attractive option for companies requiring substantial space and convenient access to major transportation routes.
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Western Reman Industrial, Inc. (Locomotive) Industrial Manufacturer Production Facility
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.