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    Main St Churubusco, IN 46723

    For Sale
    $100,000

    High-traffic corner lot, huge potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional commercial property, located at the highly visible corner of N Main Street, US Highway 33, and State Road 205 in Churubusco, Indiana, presents a unique investment opportunity. The property encompasses a substantial 0.2-acre lot and offers a potential 6288 square feet of commercial space. While the exact current square footage is undetermined, the property's history reveals it was once comprised of three separate buildings, now consolidated into two. Some interior demolition has already begun, leaving the space ready for a buyer to complete renovations and customize it to their specific commercial needs. The high-traffic location, situated directly on Main Street and at the intersection of two major roadways, ensures significant visibility and accessibility for any business. This prime location offers unparalleled potential for a variety of commercial ventures, making it an ideal investment for entrepreneurs and developers seeking a high-impact property with significant upside. The property is being sold as a single unit in an "as-is" condition, presenting a blank canvas for the buyer to create their vision. This is a rare chance to acquire a substantial commercial property in a thriving location with the potential for significant return on investment. The property's size and location make it suitable for a wide range of commercial uses, subject to local zoning regulations. Serious inquiries are encouraged to explore this exciting opportunity.

    Property Features for Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1900
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Churubusco
    County
    Whitley
    State
    Indiana
    Longitude
    -85.31949
    Latitude
    41.23079

    Nearby Comparable

    • $169,900
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      Mixed-Use Building on Large Lot

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    • New
      $600,000
      16.36 Acres

      Churubusco Agricultural Land Opportunity

      16.36 acres of land suitable for farming or estate.
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    Nearby Similar for Sale

    • $169,900
      Pending

      Mixed-Use Building on Large Lot

      Mixed-use property with owner financing on 0.66 acres.
      210 Home Ave, Churubusco, IN 46723
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-traffic corner lot, huge potential.
    Where is this commercial real estate located?
    The property is located at Main St Churubusco, IN.
    What is the asking price?
    The asking price for this property is $100,000.
    (260) 625-4115
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    Main St Churubusco, IN 46723
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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
    Main St Churubusco, IN 46723
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