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Property profile & analytics
OFF-MARKET Estimated value $1,675,000
Manufacturing properties

588 7th St Peru, IN 46970-1880

98,579 SF 19.49 ac lot Built 1963
Entity Owned 8-yr Hold Free & Clear
Property ID
US31-1596801
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1963
Construction TYPE NOT SPECIFIED
Total area 98,579 SF
Lot 19.49 ac (848,984 SF)
APN 52-08-33-200-003.000-016
UPID US31-1596801
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
  • Western Reman Industrial, Inc. (Locomotive) Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.68M
Owner & transaction history
Wafu LLC · 8 yrs held
Wafu LLC
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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