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    406 Main St Lynn, IN 47355

    For Sale
    $249,900

    Prime Commercial Space, High Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional commercial property, located at 406 N Main Street in Lynn, Indiana, presents a unique investment opportunity. Situated on a 0.45-acre lot with excellent highway visibility, this building is ideally suited for a variety of businesses. Previously operating as a butcher shop, the layout is adaptable to various retail or drive-thru concepts. The existing infrastructure includes a substantial 23' x 8' prep room, complemented by a pair of 8' x 8' walk-in freezer and cooler units. Additional space includes a 19' x 9' wash/prep area and a spacious 23' x 14' showroom. The building's versatile design allows for seamless adaptation to diverse business needs, making it an attractive prospect for entrepreneurs seeking a ready-to-use commercial space. While the previous butcher shop equipment is available for separate negotiation, it is not included in the $249,900 asking price. For those seeking a complete turnkey operation, the seller also owns a fully equipped food truck, available for separate purchase. This property offers a compelling combination of location, existing infrastructure, and adaptability, making it a highly desirable commercial investment.

    Property Features for 406 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    19,602 SF

    Building Details

    Year Built
    1958
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Wholesale Shop Department Store Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynn
    County
    Randolph
    State
    Indiana
    Longitude
    -84.94019
    Latitude
    40.0525

    Nearby Comparable

    • $149,900
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      Retail Building on Major Highway

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    • $249,900
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      Lynn, IN Storefront - $249,900

      High-traffic highway storefront, versatile layout.
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    • $299,900
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      Winchester Processing Plant - 4 Acres

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      Commercial Land Near Walmart

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    Nearby Similar for Sale

    • $149,900
      0.45 Acres

      Retail Building on Major Highway

      Commercial building suitable for retail or drive-thru business.
      406 N Main St, Lynn, IN 47355
      View Details
    • $249,900
      768 SF

      Lynn, IN Storefront - $249,900

      High-traffic highway storefront, versatile layout.
      406 Main St, Lynn, IN 47355
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Commercial Space, High Visibility
    Where is this commercial real estate located?
    The property is located at 406 Main St Lynn, IN.
    What is the asking price?
    The asking price for this property is $249,900.
    (765) 595-8155
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    406 Main St Lynn, IN 47355
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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
    406 Main St Lynn, IN 47355
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