SERVUS

What SERVUS does

SERVUS!, Inc. is a privately held, family-owned commercial real estate property management company headquartered in Jasper, Indiana. Founded in 1964 by Bob and Lovella Ruckriegel originally as a restaurant franchisee operation (Jerry's Restaurant under BR Associates), the company expanded through SIDAL, Inc. (formed in 1986 by sons Al and Sid Ruckriegel as a multi-state, multi-brand restaurant company). In 2013, BR Associates and SIDAL merged to operate as SERVUS, Inc., and by 2020 the company completed its transition to a fully focused property management entity.

SERVUS's core product is its portfolio of commercial vacant buildings and lots available for lease or sale across four Midwestern states: Indiana, Illinois, Kentucky, and Michigan. Specific markets served include Jasper, Evansville, Dale, Newburgh, and Stevensville. Tenants range from local establishments to corporate chains. The company has no disclosed proprietary technology platform, runs a Squarespace-hosted website that organizes listings by state, and relies on direct phone and email contact for tenant and buyer inquiries. No published pricing, rate cards, or digital leasing tools exist.

The business model is traditional commercial real estate management: SERVUS generates revenue through rental and lease income on its property portfolio. Go-to-market is purely sales-led and relationship-driven, with no marketing automation, CRM signals, or digital advertising disclosed. Leadership includes Al Ruckriegel (President), Sid Ruckriegel (Vice President), Kristi Mehringer (CFO, 20-year tenure), and Carol Meyer (Director of Real Estate & Facilities, since 1979). The company is privately held with no external investors, funding rounds, or institutional ownership evidenced in available data.

Name

SERVUS

Legal name

SERVUS!, Inc.

Website

https://greatservus.com

Company type

Private

Founded year

1964

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

SERVUS!, Inc. is a family-owned commercial property management company headquartered in Jasper, Indiana, leasing vacant buildings and lots to local establishments and corporate chains across Indiana, Illinois, Kentucky, and Michigan.

Ownership category

akta.pro rank

Product category

Commercial Property Management

NAICS

Real Estate Property Managers (53131), Rental and Leasing Services (532)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Mixed-Use Property Management (BPAJAGAE)

akta.pro secondary industry

Transitional/Development Land Brokerage (Entitled, In-Path-of-Growth) (BPAJADAJ)

Keywords

• Commercial property management
• Commercial real estate leasing
• Building and lot leasing
• Property management services
• Midwest real estate holdings

Headquarters

HQ city

Jasper

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Property Rental and Lease Income: SERVUS generates revenue through leasing and managing commercial real estate properties. Their portfolio includes vacant buildings and lots across Indiana, Illinois, Kentucky, and Michigan, with tenants ranging from local establishments to corporate chains.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

SERVUS owns and manages commercial real estate properties, including vacant buildings and lots, available for lease or sale. The company operates across Indiana, Illinois, Kentucky, and Michigan, and transitioned from its historical restaurant franchisee operations to a dedicated property management business by 2020.

Product overview

SERVUS is a property management company that offers vacant buildings and lots for lease or sale. The company operates across a four-state region (Indiana, Kentucky, Illinois, and Michigan) and manages a portfolio of non-operating properties including vacant commercial buildings and undeveloped lots. The single product offering is the property listings themselves, available through state-specific pages on their website.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Building Leasing Leasing of vacant commercial buildings owned by SERVUS to business tenants across Indiana, Illinois, Kentucky, and Michigan.
• Commercial Lot Leasing Leasing of vacant commercial lots owned by SERVUS to business tenants across Indiana, Illinois, Kentucky, and Michigan.
• Commercial Property Management Services Ongoing management of SERVUS's own commercial real estate portfolio, including vacant buildings and lots, leased across Indiana, Illinois, Kentucky, and Michigan.

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves5 records

Expansion highlights3 records

Direct peers

• Four Corners Property Trust: Four Corners Property Trust is a net-lease REIT that owns and leases restaurant and retail properties, with significant concentration in the Midwest. Comparable to SERVUS because both focus on leasing commercial real estate to operators, including restaurant tenants, across the same US Heartland region.
• STORE Capital: STORE Capital is a private net-lease real estate company that owns single-tenant commercial properties leased to operators across the US, with prior restaurant-sector exposure. Comparable to SERVUS in the model of owning and leasing small-format commercial real estate to operating tenants.
• EPR Properties: EPR Properties is a specialty net-lease REIT that owns and leases experiential, entertainment, and restaurant properties. Comparable to SERVUS because both own and lease commercial real estate to operating tenants with restaurant-sector overlap, though EPR Properties operates with publicly-traded scale.

Broad incumbents

• W. P. Carey: W. P. Carey is one of the largest diversified net-lease REITs, owning single-tenant commercial and industrial properties globally. Comparable to SERVUS as it operates the same fundamental business of owning commercial real estate and leasing to corporate operators, but at vastly greater scale and diversification.
• Realty Income: Realty Income is the largest publicly-traded net-lease REIT, owning thousands of freestanding commercial properties leased to corporate tenants across the US and Europe. Comparable to SERVUS as both lease commercial real estate to operating businesses on a net-lease basis, though Realty Income operates at vastly larger scale.
• National Retail Properties (NNN REIT): National Retail Properties is a net-lease REIT focused on single-tenant retail properties across the US. Comparable to SERVUS in leasing commercial real estate to retail and restaurant tenants, but operates with a much larger, publicly-traded portfolio and broader geographic footprint.
• Broadstone Net Lease: Broadstone Net Lease is a publicly-traded net-lease REIT that owns a diversified portfolio of single-tenant commercial properties. Comparable to SERVUS in the core business of leasing commercial real estate to corporate tenants on a net-lease basis, but at significantly larger scale.
• Jones Lang LaSalle (JLL): JLL is a global commercial real estate services firm that provides property management, leasing, and advisory services across all major asset classes. Comparable to SERVUS because both perform commercial property management and leasing functions for property owners, though JLL operates globally at institutional scale.
• CBRE Group: CBRE is the world's largest commercial real estate services and investment firm, providing property management, leasing, valuation, and advisory services globally. Comparable to SERVUS in providing commercial property management and leasing services to owners and tenants, but at massive institutional scale across all major US markets.
• Cushman & Wakefield: Cushman & Wakefield is a major global commercial real estate services firm offering property management, leasing, and capital markets services. Comparable to SERVUS in the core activity of managing and leasing commercial real estate for owners, though operating at vastly larger scale with national and global presence.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/servus-

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SERVUS