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    422 Main St Clinton, IN 47842

    For Sale
    $165,000

    Versatile Commercial Space w/ Apartment

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial property, located at 422 S Main Street in Clinton, Indiana, presents a unique investment opportunity. Situated on a 0.38-acre lot, the building boasts significant versatility, currently operating as Clinton Color Crafters. The main level offers ample storage and office space, perfectly suited for a variety of businesses. A key feature is the inclusion of a residential apartment and additional offices on the second floor, providing potential for owner-occupancy or rental income. The property also includes a partially unfinished basement, offering further expansion possibilities. Convenient loading docks are located at both the rear and side of the building, ensuring efficient logistics. The roof was replaced with a new membrane in December 2018. The building is equipped with a 400-amp, 220-volt, 3-phase electrical service, ensuring sufficient power for demanding operations. Furthermore, the property features a recently inspected sprinkler system and backflow system, meeting safety standards. A satellite dish is installed on the roof. This property offers a blend of commercial and residential space, making it an ideal choice for entrepreneurs seeking a combination of workspace and living quarters, or investors looking for a multi-faceted income-generating asset. Its strategic location on SR 163 ensures high visibility and accessibility. The asking price is $165,000.

    Property Features for 422 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    16,553 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Clinton
    County
    Vermillion
    State
    Indiana
    Longitude
    -87.39784
    Latitude
    39.65664

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile Commercial Space w/ Apartment
    Where is this commercial real estate located?
    The property is located at 422 Main St Clinton, IN.
    What is the asking price?
    The asking price for this property is $165,000.
    (765) 832-7766
    Request Owner's contact information
    422 Main St Clinton, IN 47842
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    Clinton, IN 47842
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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
    422 Main St Clinton, IN 47842
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