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    227 Water St Borden, IN 47106

    For Sale
    $134,900

    2500 sq ft office, remodeled 2018, high visibility.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property, located at 227 Water Street in the picturesque Borden, Indiana, presents a compelling investment opportunity. The building boasts a substantial 2500 square feet of versatile space, ideal for a variety of uses. A recent remodel in 2018 ensures modern functionality and aesthetics. The interior layout includes a dedicated office area, ample storage space, and a half-bathroom. Climate control is efficiently managed by a ductless HVAC system. The property sits on a half-acre lot (0.52 acres), providing significant parking and excellent highway road frontage, ensuring high visibility and accessibility for customers and employees. Utilities are readily available through Borden Tri-County Water, Borden Sewer, and Duke Energy. The building's design allows for easy divisibility, making it suitable for multiple tenants or expansion as needed. Its adaptable nature makes it well-suited for a range of commercial ventures, including retail, office space, storage facilities, or light industrial/mechanical uses. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a desirable location with significant potential for growth and return on investment. The combination of size, location, and recent renovations makes this property a truly attractive proposition.

    Property Features for 227 Water St

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    22,651 SF

    Building Details

    Year Built
    1955
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Wholesale Shop Accounting Firm Auto Parts Store Grocery Store Food Market Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Borden
    County
    Clark
    State
    Indiana
    Longitude
    -85.9139
    Latitude
    38.4548

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    FAQs

    What type of property is this?
    Office Property / Space - 2500 sq ft office, remodeled 2018, high visibility.
    Where is this office property / space located?
    The property is located at 227 Water St Borden, IN.
    What is the asking price?
    The asking price for this property is $134,900.
    (812) 883-5112
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    227 Water St Borden, IN 47106
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    Borden, IN 47106
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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
    227 Water St Borden, IN 47106
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