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    908 Old Highway 64 English, IN 47118

    For Sale
    $515,000

    16+ Acres, 12,451 sq ft building, Income Producing

    Property size:
    12,451 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property in English, Indiana offers a unique blend of immediate income and long-term potential. The main structure is a modern approximately 11,000 square foot steel and metal building featuring a concrete floor, three-phase electric service, gas, and water access. Ideally situated at the property's entrance is an office space. This building is ready for immediate occupancy and can be customized to suit various business needs. The property sits on a substantial 16.53-acre lot, providing ample space for expansion, parking, or additional storage. Adding to its investment appeal, a portion of the land is currently leased to a local farmer, generating consistent rental income. This presents a dual opportunity: immediate return on investment from the existing lease, and the potential for future development or expansion on the remaining acreage. The property's strategic location and robust infrastructure make it suitable for a wide range of commercial ventures, beyond its current use as a sawmill. The property's size and features make it an attractive option for businesses seeking a versatile and well-equipped space in a growing market. Additional acreage may be available.

    Property Features for 908 Old Highway 64

    General Information

    Property type
    Other commercial real estate
    Square Feet
    12,451 SF
    Lot Size
    720,047 SF

    Building Details

    Year Built
    2015
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    English
    County
    Crawford
    State
    Indiana
    Longitude
    -86.44512
    Latitude
    38.34292

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    FAQs

    What type of property is this?
    Commercial real estate - 16+ Acres, 12,451 sq ft building, Income Producing
    Where is this commercial real estate located?
    The property is located at 908 Old Highway 64 English, IN.
    What is the asking price?
    The asking price for this property is $515,000.
    (812) 946-3393
    Request Owner's contact information
    908 Old Highway 64 English, IN 47118
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    English, IN 47118
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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
    908 Old Highway 64 English, IN 47118
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