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SEC of US-31 & US-24 - Truck Stop Development Site - 7.76 Acres 7.76 Acres of Commercial Land Offered at $2,076,750 CAD in Peru, IN 46970
INVESTMENT HIGHLIGHTS
- US-31 is Major Trucking Route Connecting Indianapolis to South Bend, Through Kokomo.
- High Visibility.
- 20,647 VPD on US-31 & 13,427 VPD on US-24 According to INDOT.
EXECUTIVE SUMMARY
Prime Corner Gas Station Development Site at US-31 & US-24 Exit Interchange. Nearby Top 10 Ranked BP in Indiana (JJs Travel Plaza) Will Have Reduced Access From INDOT Improvements on US-31. Indiana is Removing Lighted Access Along US-31 in Favor of Exits, Which is Anticipated to Have Negative Impact on Nearby Competition
Near $2.5B Stellantis (GM) / Samsung EV Battery Plant Currently Under Construction (Phase I), With a $3.4B Phase II in Planning Stages. Retail Gap Analysis Concludes Leakage of $101M For Motor Vehicles & Parts Dealers, $69M For Food Service ($42M For Full-Service Restaurants), $44M For Clothing and $31M For Health & Personal Care Within a 25 Minute Drive.
Near $2.5B Stellantis (GM) / Samsung EV Battery Plant Currently Under Construction (Phase I), With a $3.4B Phase II in Planning Stages. Retail Gap Analysis Concludes Leakage of $101M For Motor Vehicles & Parts Dealers, $69M For Food Service ($42M For Full-Service Restaurants), $44M For Clothing and $31M For Health & Personal Care Within a 25 Minute Drive.
PROPERTY FACTS
| Price | $2,076,750 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 7.76 AC |
| Property Type | Land | ||
| Zoning | B-3 - B-3 Commercial | ||
| Price | $2,076,750 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 7.76 AC |
| Zoning | B-3 - B-3 Commercial |
1 LOT AVAILABLE
Lot
| Price | $2,076,750 CAD | Lot Size | 7.76 AC |
| Price Per AC | $267,622.43 CAD |
| Price | $2,076,750 CAD |
| Price Per AC | $267,622.43 CAD |
| Lot Size | 7.76 AC |
B-3 Commercial Zoning Allows for Truck Stop, Gas Station & Convenience Store. An Additional 22 Acres Across the Street is Also Available for $2.75M ($125k/Acre). 16" Water & 15" Sewer Lines Run Along Road Bisecting Site.
DESCRIPTION
Prime Corner Gas Station Development Site at US-31 & US-24 Exit / Interchange. Nearby Top 10 Ranked BP in Indiana (JJs Travel Plaza) Will Have Reduced Access From INDOT Improvements on US-31.
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SEC of US-31 & US-24 - Truck Stop Development Site - 7.76 Acres
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