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    105 S Meridian St Sunman, IN 47041

    New
    Picture of Quadplexes at S Meridian St 105, Sunman, IN
    For Sale
    $35,000

    Multi Fam 2-4 units, Stick Built - Sunman, IN

    Property size:
    7,220 SF
    Lot size:
    0.18 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 6 at 12:06 am

    Property Features for 105 S Meridian St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    See Remarks
    APN
    69-07-16-222-023.000-004
    Parking features
    None
    Size
    7,220 SF
    Lot size
    0.18 Acres

    Utilities

    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1916
    Building materials
    Brick
    Architectural style
    Stick

    Keller Williams Realty Services (859) 240-0727 [email protected]

    Listing agent Blake Haag (812) 577-2186 License #RB20000760

    Listing date Dec 2, 2025

    MLS# 204290 Listing URL

    Copyright © 2025 Southeastern Indiana Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Sunman Multifamily Building with Potential

    Located in the heart of Sunman, Indiana, this multifamily building presents a renovation opportunity. The structure offers the potential to be transformed into retail space on the bottom floor with rental units above. The property, situated on a 0.18-acre lot, includes a large garage and storage area. The building size is 7,220 square feet. Note that the roof is in disrepair and requires replacement, and the property is in need of extensive work and is sold as is. Zoning information is available in the remarks.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Food Market Grocery Store Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sunman
    County
    Ripley
    State
    Indiana
    Longitude
    -85.094311
    Latitude
    39.236659

    Nearby Similar for Sale

    • $649,900
      0.35 Acres

      Sunman, IN Retail Opportunity

      Thriving restaurant with apartment and potential for additional income.
      104 S Meridian St, Sunman, IN 47041
      View Details
    • $349,000
      0.16 Acres

      Mixed-Use Property in Downtown Sunman

      Mixed-use property with restaurant and apartments in downtown Sunman.
      119 S Meridian St, Sunman, IN 47041
      View Details
    • $525,000
      9,900 SF

      Versatile Warehouse Space in Sunman

      Adaptable warehouse with office space and multiple entry points.
      215 Nieman St, Sunman, IN 47041
      View Details

    FAQs

    What type of property is this?
    Quadplex - Multi-family building in Sunman, Indiana, needing complete renovation.
    Where is this quadplex located?
    The property is located at 105 S Meridian St Sunman, IN.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: - Multi-family building in the heart of Sunman, Indiana.; - Potential to transform into retail space with rental units above.; - Large garage/storage area.
    (812) 577-2186
    Request Owner's contact information
    105 S Meridian St Sunman, IN 47041
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    Sunman, IN 47041
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    105 S Meridian St Sunman, IN 47041
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