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    215 Nieman St Sunman, IN 47041

    For Sale
    $525,000

    Warehouse - Sunman, IN

    Type:Single Family Residence
    Property size:
    9,900 SF
    Lot size:
    0.50 Acres
    Days on Market:
    52
    Last Refresh:
    Dec 6 at 4:06 am

    Property Features for 215 Nieman St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    General Business
    APN
    690709333016001004
    Size
    9,900 SF
    Lot size
    0.50 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1986
    Roof type
    Shingle
    Architectural style
    Other

    Lawrence Hadler Inc. dba RE/MAX Tower (812) 662-7878 [email protected]

    Listing agent Donna Tewmey (812) 662-7878 License #RB14030181

    Listing date Oct 16, 2025

    MLS# 22053728 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Warehouse Space in Sunman

    This property features a building with just under 10,000 square feet of space, suitable for various uses. The building is currently divided into three sections, each accessible via a separate front entry door. The first section includes five offices, a break room, a restroom, a storage room, and a 28x24 warehouse area with a 14-foot ceiling, a 12x12 overhead door, and additional storage. The second section contains two offices, a restroom, and a 30x24 warehouse area with a 14-foot ceiling and a 12x10 overhead door. The third section offers two offices, a restroom, a storage room, and a 70x66 warehouse area with a 14-foot ceiling, a 16x14 overhead door, 6-foot concrete poured walls with 8-foot insulated drywall to the ceiling, and extra storage. The property is equipped with two gas forced air furnaces and two air conditioning units. It also has three electric meters and two gas meters. The roof is approximately 12 years old and constructed with three-dimensional shingles. Additional insulation includes R40 in the ceilings and R25 in the walls. The property is zoned for General Business and is located in Sunman, Indiana.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    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
    -85.093209
    Latitude
    39.238784

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    • $349,000
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      Mixed-Use Property in Downtown Sunman

      Mixed-use property with restaurant and apartments in downtown Sunman.
      119 S Meridian St, Sunman, IN 47041
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    • New
      $35,000
      7,220 SF

      Sunman Multifamily Building with Potential

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    FAQs

    What type of property is this?
    Warehouse - Adaptable warehouse with office space and multiple entry points.
    Where is this warehouse located?
    The property is located at 215 Nieman St Sunman, IN.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - Large Warehouse Space: Features a 70x66 warehouse with 6' concrete walls and a 16x14 overhead door.; - High Ceilings: All warehouse sections boast 14' ceilings.; - Multiple Entry Points and Sections: Three separate entry doors provide flexibility.
    (812) 662-7878
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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
    215 Nieman St Sunman, IN 47041
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