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    365 Celestine Rd Celestine, IN 47521

    For Sale
    $155,000

    Two-suite office building, great location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial opportunity in Celestine, Indiana, presents a solid investment prospect. The all-brick building is situated on a 0.16-acre lot at 365 N Celestine Road S, just one block from Highway 164, ensuring high visibility and convenient access. Currently configured as two separate office suites, the property boasts long-term tenants, providing immediate and consistent rental income. The building's construction is durable and well-maintained, minimizing potential maintenance costs. The strategic location near Highway 164 offers excellent exposure to a significant volume of traffic, enhancing the property's appeal to both current and future tenants. This presents a rare chance to acquire a stable, income-generating commercial property in a desirable location. The asking price of $155,000 reflects the building's strong potential for return on investment. Interested parties are encouraged to schedule a viewing to fully appreciate this opportunity. The property's size is not specified in the provided information.

    Property Features for 365 Celestine Rd

    General Information

    Property type
    Investment properties
    Lot Size
    6,970 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Riecker Chiropractic Chiropractor United States Postal ... Post Office

    Suggested Use

    Restaurant Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Department Store Bar & Pub Discount Store Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Celestine
    County
    Dubois
    State
    Indiana
    Longitude
    -86.77935
    Latitude
    38.38432

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    FAQs

    What type of property is this?
    Investment property - Two-suite office building, great location.
    Where is this investment property located?
    The property is located at 365 Celestine Rd Celestine, IN.
    What is the asking price?
    The asking price for this property is $155,000.
    (812) 946-3393
    Request Owner's contact information
    365 Celestine Rd Celestine, IN 47521
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    Celestine, IN 47521
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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
    365 Celestine Rd Celestine, IN 47521
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