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    111 Main St Marengo, IN 47140

    For Sale
    $219,500

    High-traffic location, multi-office building, leased spaces.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional investment opportunity presents a well-established office building situated at 111 S Main Street in Marengo, Indiana. The property boasts a prime location within a high-traffic area, ensuring excellent visibility and accessibility for tenants. The building itself is a multi-office structure, currently featuring three leased office spaces. This provides immediate cash flow for the investor. The flexible layout allows for further income generation

    Property Features for 111 Main St

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    29,621 SF

    Building Details

    Year Built
    1995
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Auto Repair Shop Hair Salon Clothing Store Auto Parts Store Nail Salon Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Marengo
    County
    Crawford
    State
    Indiana
    Longitude
    -86.34447
    Latitude
    38.37384

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    FAQs

    What type of property is this?
    Office Property / Space - High-traffic location, multi-office building, leased spaces.
    Where is this office property / space located?
    The property is located at 111 Main St Marengo, IN.
    What is the asking price?
    The asking price for this property is $219,500.
    (812) 365-9333
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    111 Main St Marengo, IN 47140
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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
    111 Main St Marengo, IN 47140
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