22 Acres Land Property

22 Acres At US-31 & US-24 Interchange | Peru, IN


Sands Investment Group is Pleased to Exclusively Offer For Sale 22 Acres Land Property Located at the South East Corner of US-24 & Eel River Road in Peru, IN. This Deal Includes a Prime Corner Gas Station Development & Retail Site at the US-31 & US-24 Exit / Interchange With B-3 Commercial Zoning, Allowing For Truck Stop, Gas Station & Convenience Stores.

  • 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
  • B-3 Commercial Zoning Allows For Truck Stop, Gas Station & Convenience Store
  • An Additional 7.76 Acres Across the Street is Also Available For $1.5M ($193k/Acre)
  • Near $2.5B Stellantis (GM) / Samsung EV Battery Plant Currently Under Construction (Phase I), With a $3.4B Phase II in Planning Stages
  • 16″ Water & 15″ Sewer Lines Run Along Road Bisecting Site
  • US-31 is Major Trucking Route Connecting Indianapolis to South Bend, Through Kokomo
  • US-24 is Major Trucking Route Connecting Fort Wayne & Lafayette, IN
  • 20,647 VPD on US-31 & 13,427 VPD on US-24 According to INDOT
  • High Visibility
  • 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

In Cooperation With Sands Investment Group Indiana, LLC – Lic. #RC52000211 BoR: Andrew Ackerman – Lic. IN #RB20001918

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