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    640 W National Ave Brazil, IN 47834

    For Sale
    $215,000

    Retail/Service - Brazil, IN

    Lot size:
    0.36 Acres
    Days on Market:
    119
    Last Refresh:
    Dec 14 at 1:06 pm

    Property Features for 640 W National Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    429
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    Interior features
    Restroom(s)
    Lot size
    0.36 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Building materials
    Brick
    Architectural style
    Other

    Century 21 Elite (812) 238-1771 [email protected]

    Listing agent KATHI KENNEDY (812) 238-1771

    Listing date Aug 18, 2025

    MLS# 106343 Listing URL

    Copyright © 2025 Terre Haute Area Association 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

    Retail Building on Three Lots

    This block and brick building offers 3173 square feet of space and is situated on three lots, estimated by the assessor to be 0.36 acres. The building features a large open area at the front and a garage door at the rear, facilitating the movement of large items. With some updating, this property could house a business, or it could serve as a location to build new. The property is zoned 429 and is located in Brazil, IN.
    Location Intelligence

    Current Use by Public Records

    Individual retail properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Brazil
    County
    Clay
    State
    Indiana
    Longitude
    -87.134997
    Latitude
    39.521023

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    FAQs

    What type of property is this?
    Retail property - Retail or service building on three lots in Brazil, IN.
    Where is this retail property located?
    The property is located at 640 W National Ave Brazil, IN.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: - Large 3173 sq ft brick building suitable for business.; - Located on 3 lots totaling .36 acres.; - Garage door in rear for easy access and moving of large items.
    (812) 238-1771
    Request Owner's contact information
    640 W National Ave Brazil, IN 47834
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    Brazil, IN 47834
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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
    640 W National Ave Brazil, IN 47834
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