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    1008 South St Albion, IN 46701

    For Sale
    $299,999

    Versatile Albion building, six lots, R3 zoning.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial property at 1008 E South Street in Albion, Indiana presents a unique investment opportunity. The 0.15-acre site encompasses not only the existing building but also an additional five lots, totaling six city lots. This expansive footprint offers significant potential for redevelopment or expansion. Currently zoned R3, the property allows for a variety of uses and presents the possibility of rezoning to accommodate specific business needs. The building itself, previously utilized as a church, boasts considerable square footage and offers a flexible layout adaptable to a wide range of commercial ventures. Imagine transforming this space into a thriving daycare center, a vibrant community hub, or a unique retail establishment. The possibilities are truly endless. The strategic location in Albion provides excellent visibility and accessibility, making it an ideal choice for entrepreneurs and investors seeking a high-impact property. This is a rare chance to acquire a substantial commercial property with significant development potential in a growing community. The asking price of $299,999 reflects the exceptional value and potential return on investment this property offers. Don't miss this opportunity to shape the future of Albion's commercial landscape.

    Property Features for 1008 South St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    6,534 SF

    Building Details

    Year Built
    1970
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Auto Repair Shop Clothing Store Pharmacy Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Albion
    County
    Noble
    State
    Indiana
    Longitude
    -85.41147
    Latitude
    41.39381

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile Albion building, six lots, R3 zoning.
    Where is this commercial real estate located?
    The property is located at 1008 South St Albion, IN.
    What is the asking price?
    The asking price for this property is $299,999.
    (888) 611-3912
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    1008 South St Albion, IN 46701
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    Albion, IN 46701
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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
    1008 South St Albion, IN 46701
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