0 Sec Of Us-31 & Us-24Peru, IN 46970

Property Details for 0 Sec Of Us-31 & Us-24

Lot size

7.76 AC

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 7.76-acre commercial land parcel is strategically located at the southeast corner of US-31 and US-24 in Peru, Indiana, offering unparalleled visibility and access. The B-3 commercial zoning allows for a variety of uses, including a truck stop, gas station, and convenience store, perfectly suited to capitalize on the high volume of traffic on these major trucking routes. With 20,647 vehicles per day on US-31 and 13,427 on US-24, this site presents a significant opportunity for substantial returns. The property benefits from the impending reduction in access for a nearby competitor due to Indiana Department of Transportation (INDOT) improvements on US-31, creating a competitive advantage. Furthermore, the site's proximity to the under-construction $2.5 billion Stellantis/Samsung EV battery plant (with a planned $3.4 billion Phase II) ensures long-term growth potential. Existing infrastructure includes 16-inch water and 15-inch sewer lines along the bisecting road. An adjacent 22-acre parcel is also available for purchase. A retail gap analysis indicates significant market demand for various retail services within a 25-minute drive, further supporting the viability of this development opportunity. The asking price for this prime development site is $1,500,000.

Location Insight

City

Peru

County

Miami

State

Indiana

Latitude

40.7675

Longitude

-86.1279

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].