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    152 Pleasant Ave Marengo, IN 47170

    For Sale
    $50,000

    Prime location, versatile space, affordable price.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional business opportunity presents a 0.25-acre property located at 152 E Pleasant Avenue in Marengo, Indiana. The building, previously utilized by a local church for youth activities and other functions, offers significant potential for a variety of food service businesses. Its adaptable layout makes it suitable for an ice cream parlor, coffee shop, or a traditional sit-down restaurant. A convenient walk-up window is already in place, ideal for quick service and carry-out orders. The sale price is an attractive $50,000. While the building is ready for immediate occupancy, it's important to note that kitchen equipment is not included in the sale. This presents a unique opportunity for a new owner to customize the space to their specific needs and vision. The property's location in Marengo offers excellent visibility and accessibility, providing a strong foundation for a thriving business. This is a rare chance to acquire a well-situated commercial property at a highly competitive price point. Serious inquiries are encouraged to explore this promising investment opportunity further. The property is ready for a new owner to bring their entrepreneurial vision to life. Don't miss out on this chance to establish your business in a vibrant community.

    Property Features for 152 Pleasant Ave

    General Information

    Property type
    Investment properties
    Lot Size
    10,890 SF

    Building Details

    Year Built
    1995
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Marengo
    County
    Crawford
    State
    Indiana
    Longitude
    -86.3424
    Latitude
    38.3699

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    FAQs

    What type of property is this?
    Investment property - Prime location, versatile space, affordable price.
    Where is this investment property located?
    The property is located at 152 Pleasant Ave Marengo, IN.
    What is the asking price?
    The asking price for this property is $50,000.
    (812) 738-8211
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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
    152 Pleasant Ave Marengo, IN 47170
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