Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    38 First St Medora, IN 47260

    For Sale
    $99,900

    All-brick office building plus vacant lot.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional commercial property presents a unique investment opportunity in the charming town of Medora, Indiana. Situated at 38 E First Street, this all-brick building offers 2092 square feet of versatile space, ideal for a variety of businesses. The building's prime location, just off Perry Street, ensures high visibility and accessibility. The property also includes a sizable 0.36-acre vacant lot, providing ample room for expansion, additional parking, or future development. This presents a rare chance to acquire a substantial commercial property in a desirable location. The existing building's solid brick construction speaks to its durability and longevity. The property is currently available for purchase at $99,900. Given the combination of building size, land area, and location, this represents a compelling value proposition for entrepreneurs and investors alike. Serious inquiries are encouraged to schedule a viewing. Showings are by appointment only. Don't miss this chance to establish your business in this thriving community.

    Property Features for 38 First St

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    15,682 SF

    Building Details

    Year Built
    1940
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Restaurant Auto Repair Shop Clothing Store Accounting Firm Storage Facility Bar & Pub Garden Center Computer & Electronic Repair Tech Support Center Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Medora
    County
    Jackson
    State
    Indiana
    Longitude
    -86.16949
    Latitude
    38.8273

    Nearby Comparable

    • New
      Contact for pricing
      284.00 Acres

      625+ Acres Washington County Land

      625+ acres in 11 tracts, marketable timber.
      9333 N Haleysburg Rd, Vallonia, IN 47281
      View Details
    • $99,900

      Secluded Land with Hunting Potential

      Private land with established access, ideal for hunting and recreation.
      N Mckinley Rd, Campbellsburg, IN 47108
      View Details
    • $99,900
      2.91 Acres

      Brownstown Commercial Land Opportunity

      Prime Brownstown location, near grocery store.
      1050 Bloomington Rd, Brownstown, IN 47220
      View Details
    • $110,000
      1,633 SF

      1100 Spring St, Brownstown, IN 47220

      Office Properties & Spaces • 1,633 SF
      1100 Spring St, Brownstown, IN 47220
      View Details

    FAQs

    What type of property is this?
    Office Property Space - All-brick office building plus vacant lot.
    Where is this office property space located?
    The property is located at 38 First St Medora, IN.
    What is the asking price?
    The asking price for this property is $99,900.
    (812) 883-5112
    Request Owner's contact information
    38 First St Medora, IN 47260
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    38 First St
    Medora, IN 47260
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    38 First St Medora, IN 47260
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.