425 W Main Street, Peru

Think big on West Main Street! This former Ivy Tech educational facility offers approximately 33,278 square feet on 1.88 acres with a prominent location and room to bring a new vision to life. The single-level building features classrooms, offices, a kitchen, storage space, multiple restrooms, and an auditorium/large gathering space; providing a versatile starting point for buyers exploring educational, community, business, or other uses. Recently updated heating system included with over $500,000 of recent improvements and repairs. Looking for additional parking? The separate approximately 0.47-acre paved parcel at 366 W. Third Street is also available: it offers approximately 44 marked parking spaces with access from W. 3rd Street and the alley. Explore its potential for additional parking serving a nearby property or as part of a broader investment or redevelopment plan. Propose a purchase of the building, parking parcel, or both, depending on your needs. This is a public solicitation of purchase proposals- No asking price or minimum bid is advertised. $1 list price displayed is a BLC entry convention, not an offer to sell for that amount. Showings are available by appointment. Explore the properties, review the offering materials, and submit your vision using the required Letter of Intent. Ivy Tech will consider price, proposed use, community benefit, and other proposal terms and reserves the right to select any or no proposal, negotiate, or request highest and best. Sale is subject to State Board of Trustees approval and an executed purchase agreement. Review the attached Public Sale Terms for property disclosures, occupancy, inspection requirements, submission deadline, and complete conditions. Buyers to verify property information and suitability for their intended use.