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    708 Nelson St Leavenworth, IN 47137

    For Sale
    Contact for pricing

    Historic Brick Building, Great Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This unique commercial real estate investment opportunity presents a chance to own a piece of Leavenworth history. Located at 708 S Nelson Street, this property features an 1856 square foot, two-story brick building constructed in 1870. The building boasts a charming limestone pillar façade with decorative accents and a durable metal roof. Situated on a 0.16-acre town lot measuring 62 feet by 110 feet in Old Leavenworth, the property offers significant potential for redevelopment or restoration. The building includes a full basement, adding to its overall square footage and utility. Please note that the building is currently in need of significant repairs and updates. Due to the building's condition, interior access is not permitted at this time. A public open house is scheduled for Friday, October 21st, from 1 PM to 2 PM, allowing for exterior viewing and assessment. The auction for this property concludes on October 31st at 6 PM. Interested parties are encouraged to review the property thoroughly during the open house and place bids online at the provided auction website. This is a truly exceptional opportunity for a buyer with vision and the resources to undertake a substantial renovation project. The property's prime location in Old Leavenworth offers considerable upside potential once improvements are completed.

    Property Features for 708 Nelson St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1933
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Hair Salon Hotel & Motel Bar & Pub Pawn Shop Pet Store Nursing Home Assisted Living Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Leavenworth
    County
    Crawford
    State
    Indiana
    Longitude
    -86.34357
    Latitude
    38.19453

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      764 Nelson St, Leavenworth, IN 47137

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Brick Building, Great Potential
    Where is this commercial real estate located?
    The property is located at 708 Nelson St Leavenworth, IN.
    What is the asking price?
    The asking price for this property is $1.00.
    (812) 738-9476
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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
    708 Nelson St Leavenworth, IN 47137
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