Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/3027/ Marcus & Millichap is pleased to present the opportunity to acquire a vacant 48,744-square-foot vacant processing and warehouse facility located at 208 N Miami Street in Peru, IN (the “Property”). Situated on 2.23 acres, this industrial asset features 44,055 SF on the main level, 1,662 SF basement, and three loading docks. The Property benefits from highly favorable and flexible B-3, Commercial zoning that allows for a wide variety of uses including industrial, retail, grocery, warehouse, self-storge, warehouse, and others. Peru is a regional commercial and residential hub in Miami County, located along U.S. Highway?31 and just east of Interstate?65 and west of Interstate 69, which provides easy access to both Indianapolis and Fort Wayne trade corridors. Its economy is anchored by advanced manufacturing, healthcare, education, logistics, Dukes Memorial Hospital, and Peru Community Schools creating stable workforce demand. The city supports a diverse commercial real estate market—including retail corridors along Broadway and U.S.?31, industrial/flex space near highway interchanges, and growing multifamily housing demand—making it attractive for developers pursuing value-add and redevelopment projects. The Property further benefits from strong demographics with a population of 17,586 residents and an average household income of $68,659 within a 5-mile radius. Delivered vacant, the property is positioned for an owner-user to control occupancy costs at a low basis or for an investor to execute a redevelopment plan.