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SEC of US-31 & US-24
Peru, IN 46970
 Truck Stop Development Site - 7.76 Acres · Land For Sale · 7.76 AC

Commercial Land Parcels Indiana Peru SEC of US-31 & US-24, Peru, IN 46970

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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.

PROPERTY FACTS

Sale Type Investment Property Subtype Commercial
No. Lots 1 Proposed Use
Commercial
  • Industrial
  • Retail
  • Office
  • Mixed Use
  • Hospitality
  • Auto Dealership
  • Auto Repair
  • Bank
  • Bar
  • Bowling Alley
  • Carwash
  • Contractor Storage Yard
  • Convenience Store
  • Daycare Center
  • Department Store
  • Distribution
  • Drugstore
  • Fast Food
  • Garden Center
  • General Freestanding
  • Healthcare
  • Hold For Development
  • Hold For Investment
  • Hospital
  • Hotel
  • Industrial Live or Work Unit
  • Industrial Park
  • Manufactured Homes or Mobile Home Park
  • Master Planned Community
  • Medical
  • Motel
  • Office Park
  • Outlet Center
  • Planned Unit Development
  • Power Center
  • Refrigeration or Cold Storage
  • Religious Facility
  • Restaurant
  • Retail Warehouse
  • Schools
  • Self Storage
  • Service Station
  • Storefront
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
  • Strip Center
  • Supermarket
  • Truck Stop
  • Truck Terminal
Property Type Land Total Lot Size 7.76 AC
Zoning B-3 - B-3 Commercial
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Industrial
  • Retail
  • Office
  • Mixed Use
  • Hospitality
  • Auto Dealership
  • Auto Repair
  • Bank
  • Bar
  • Bowling Alley
  • Carwash
  • Contractor Storage Yard
  • Convenience Store
  • Daycare Center
  • Department Store
  • Distribution
  • Drugstore
  • Fast Food
  • Garden Center
  • General Freestanding
  • Healthcare
  • Hold For Development
  • Hold For Investment
  • Hospital
  • Hotel
  • Industrial Live or Work Unit
  • Industrial Park
  • Manufactured Homes or Mobile Home Park
  • Master Planned Community
  • Medical
  • Motel
  • Office Park
  • Outlet Center
  • Planned Unit Development
  • Power Center
  • Refrigeration or Cold Storage
  • Religious Facility
  • Restaurant
  • Retail Warehouse
  • Schools
  • Self Storage
  • Service Station
  • Storefront
  • Storefront, Retail or Office
  • Storefront, Retail or Residential
  • Strip Center
  • Supermarket
  • Truck Stop
  • Truck Terminal
Total Lot Size 7.76 AC
Zoning B-3 - B-3 Commercial

1 LOT AVAILABLE

Lot

Price $1,500,000 Lot Size 7.76 AC
Price Per AC $193,298.97
Price $1,500,000
Price Per AC $193,298.97
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.

 

  • Listing ID: 36647510

  • Date on Market: 7/8/2025

  • Last Updated:

  • Address: SEC of US-31 & US-24, Peru, IN 46970

The Land Property at SEC of US-31 & US-24, Peru, IN 46970 is currently available for Sale. Contact Sands Investment Group for more information.

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