Listing courtesy of Encore Sotheby's International Realty · Listing agent: Mike Johnson · Cell: 317-590-3454

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ActiveRetail

159 S Broadway Avenue

$750,000

$127.38 / sq ft

Peru, IN 46970-2289

  • On Wabash River
  • Basement
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Bathrooms
3
Lot
0.95 ac
Year built
1869
Type
Retail
Listed
May 22, 2026
MLS #
202619755

About this home

Historic riverside commercial opportunity. Presenting a rare chance to own a piece of local history. The Granary and The Toll House are ideally situated at the prominent corner of South Broadway and Canal Street. These two landmark buildings enjoy a picturesque setting along the scenic banks of the Wabash River serving as a vibrant community hub. The Granary features stunning post and beam construction, showcasing many of the original architectural details of a bygone era. Operating as a year-round destination and extension of the renowned McClure Orchard and Winery, The Granary features a selection of orchard-fresh products, including signature ciders, meads, and seasonal harvests. The Toll House is a charming historic structure which currently houses an upscale boutique offering clothing, jewelry and specialty Christmas decor. Both structures have been meticulously maintained, featuring significant recent capital improvements that preserve their historic integrity while ensuring modern functionality. High visibility at a key intersection with significant riverfront appeal. This is a unique opportunity to acquire two historic, established, turn-key landmarks with a prominent setting in the heart of Peru.

Property details

Interior

Stories
2
Finished area above grade
5,888 sq ft
Basement
Unfinished
Flooring
Wood
Heating
Natural Gas
Cooling
Central Air

Exterior & parking

Construction
Brick, Wood Siding
Roof
Asphalt, Metal
Parking
Asphalt, Parking Lot, Paved, Private
New construction
No

Waterfront & lake

Waterfront
Yes
Body of water
Wabash River
Water access
Riverfront
Water frontage
234 ft
Water feature
River

Lot

Lot size (acres)
0.95 ac
Lot dimensions
234X224
Location type
City
County
Miami County
Township
Peru
Current use
Restaurant, Retail
Road frontage
City Street
Road surface
Asphalt
Lots
0
Platted
Yes
Planned unit development
No
Directions
Located on the corner of Canal Street and Broadway.

Taxes & terms

Annual taxes
$12,174
Tax year
2025
Tax exemptions
No Exemptions
Tax abatement
No
Possession
Negotiable
Parcel number
52-08-27-300-007.000-016

Included in the sale

Included in sale
Building,Land

Utilities

Water
City
Sewer
Public Sewer
Utilities
Gas Hook-Up, Mun. Sewer Hook-Up, Mun. Water Hook-Up, Mun. Water to Site
Electric provider
Peru Utilities
Gas provider
NIPSCO
Water provider
Peru Utilities

Income & commercial

Electric meters
2
Water meters
2
Ceiling height
12'

Location

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