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    1412 Market St Charlestown, IN 47111

    For Sale
    $139,900

    1.21-Acre Lot, 2-Bedroom Home, Commercial Zoning

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This 1.21-acre commercial property located at 1412 Market Street in Charlestown, Indiana, presents a unique investment opportunity. Currently featuring a two-bedroom, one-bathroom home with a detached one-car concrete block garage, the property offers significant redevelopment potential. The property is zoned commercial, per the city zoning department, and buyers are responsible for verifying permitted uses with the city zoning director. The seller is offering the property "as is" in an estate sale, with no contingencies accepted. Key features include a paved driveway, updated electrical service, thermopane windows, and all appliances remaining. The home boasts approximately a nine-year-old roof (per seller). The property benefits from high visibility and road frontage on a four-lane highway, near a Casey's Food Mart, ensuring excellent accessibility and exposure. Given its size and location, this property is ideal for a variety of commercial ventures. A lender letter confirming commercial lending for this specific property must accompany any purchase agreement. Serious inquiries only. Buyers are urged to independently verify all information and conduct due diligence regarding zoning and permitted uses.

    Property Features for 1412 Market St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    52,708 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlestown
    County
    Clark
    State
    Indiana
    Longitude
    -85.66948
    Latitude
    38.45927

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    FAQs

    What type of property is this?
    Commercial real estate - 1.21-Acre Lot, 2-Bedroom Home, Commercial Zoning
    Where is this commercial real estate located?
    The property is located at 1412 Market St Charlestown, IN.
    What is the asking price?
    The asking price for this property is $139,900.
    (812) 256-9798
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    1412 Market St Charlestown, IN 47111
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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
    1412 Market St Charlestown, IN 47111
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