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    109 W Elm St Gaston, IN 47342

    For Sale
    $119,000

    Retail, Mixed Use - Gaston, IN

    Type:Mixed Use
    Lot size:
    0.11 Acres
    Days on Market:
    144
    Last Refresh:
    Dec 5 at 7:06 pm

    Property Features for 109 W Elm St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Office
    Bathrooms
    2
    APN
    18-02-33-430-001.000-025
    Parking
    10
    Parking features
    Off Street, Paved or Surfaced
    Interior features
    Drywall, Wood, 220 Volts, Display Room, Display Window(s)
    Exterior features
    220 Volts, Display Room, Display Window(s)
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Ceiling, Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Floors in Building
    1
    Flooring type
    Carpet, Tile, Vinyl
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Other

    F.C.TUCKER/FIVE STAR REAL ESTATE (765) 289-2400 [email protected]

    Listing agent Ed Conatser (765) 289-2400 License #RB14034629

    Listing date Jul 15, 2025

    MLS# 202527300 Listing URL

    Copyright © 2025 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Gaston Retail/Commercial Opportunity

    This commercial property is located on Elm Street, the main east-west thoroughfare in Gaston, Indiana. It includes two buildings: the first is a 4,200-square-foot brick building suitable for retail, professional, or commercial use, featuring high, open-span ceilings. The second building offers 1,000 square feet of finished open space with a restroom and separate power. A paved parking lot serves both buildings. The property is currently operating month-to-month as a mortuary. The lot size is 0.11 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gant Funeral Homes Funeral Home

    Suggested Use

    Restaurant Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Hotel & Motel Auto Parts Store Kitchen & Bath HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Gaston
    County
    Delaware
    State
    Indiana
    Longitude
    -85.501133
    Latitude
    40.31353

    Nearby Similar for Sale

    • $174,900
      0.55 Acres

      Warehouse and Storage Investment Opportunity

      Warehouse with storage units and outdoor storage potential in Gaston.
      202 Mckinley St, Gaston, IN 47342
      View Details

    FAQs

    What type of property is this?
    Retail space - Two buildings suitable for retail, professional, or commercial use.
    Where is this retail space located?
    The property is located at 109 W Elm St Gaston, IN.
    What is the asking price?
    The asking price for this property is $119,000.
    What are key features of this property?
    This property features: - Prime commercial location on Elm Street, the main east-west thoroughfare in Gaston, Indiana.; - Two buildings: **4,200 sq ft brick building** and a 1,000 sq ft finished open space building.; - The 1,000 sq ft building has a separate power supply and its own paved parking lot.
    (765) 289-2400
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    109 W Elm St Gaston, IN 47342
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    Gaston, IN 47342
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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
    109 W Elm St Gaston, IN 47342
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