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    305 Main St Rockport, IN 47635

    For Sale
    $325,000

    Historic Downtown Rockport Investment Opportunity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional investment opportunity encompasses four distinct commercial buildings nestled in the heart of Historic Downtown Rockport, Indiana. The portfolio totals nearly 20,000 square feet of space and sits on a combined 0.58-acre lot. The centerpiece is 305 Main Street, a recently updated, approximately 2,000 square foot building boasting modern electrical systems and handicap accessibility. This building previously served as the Rockport branch of the DMV. Adding significant warehouse space is 315 North 3rd Street, a nearly 13,000 square foot building featuring decorative brickwork and a substantial lot at the rear. For smaller-scale operations, 112 North 3rd Street offers approximately 1,100 square feet with convenient side parking. Finally, 309 Main Street, the former Wetzels cafe, presents approximately 4,000 square feet, including a charming tin ceiling and original living quarters upstairs. All four properties are being sold as a single package

    Property Features for 305 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    25,265 SF

    Building Details

    Year Built
    2000
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockport
    County
    Spencer
    State
    Indiana
    Longitude
    -87.04745
    Latitude
    37.88338

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Downtown Rockport Investment Opportunity
    Where is this commercial real estate located?
    The property is located at 305 Main St Rockport, IN.
    What is the asking price?
    The asking price for this property is $325,000.
    (270) 685-3705
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    305 Main St Rockport, IN 47635
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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
    305 Main St Rockport, IN 47635
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