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    624 State St Kingman, IN 47952

    For Sale
    $50,000

    1,248 sq ft, 1.28 acres, needs updates.

    Property size:
    1,248 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional commercial property, located at 624 E State Street in Kingman, Indiana, presents a unique investment opportunity. The building encompasses 1,248 square feet and sits on a generous 1.28-acre lot, offering ample space for a variety of commercial ventures. Currently, the property requires repairs and updates to become fully operational. However, this presents a significant advantage for a prospective buyer, allowing for customization and the creation of a business tailored to their specific needs and vision. The existing structure provides a solid foundation, ready to be transformed into a thriving enterprise. The expansive lot size offers additional possibilities, such as outdoor seating, parking, or even expansion of the existing building. The property's location in Kingman offers access to a local market and presents a chance to establish a strong presence within the community. This is an ideal opportunity for an entrepreneur seeking a blank canvas to build their dream business or an investor looking for a property with significant upside potential. The asking price of $50,000 makes this a highly attractive proposition in the current market. Don't miss this chance to acquire a versatile commercial property with substantial growth potential.

    Property Features for 624 State St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,248 SF
    Lot Size
    55,757 SF

    Building Details

    Year Built
    1963
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Auto Repair Shop Hair Salon Wholesale Shop Clothing Store Nail Salon Food Market Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingman
    County
    Fountain
    State
    Indiana
    Longitude
    -87.27136
    Latitude
    39.96764

    Nearby Comparable

    • $150,000
      0.56 Acres

      Commercial Building on US 41

      Commercial property with high visibility and endless business potential.
      3622 N Us 41, Bloomingdale, IN 47832
      View Details
    • $2,300,000
      10,000 SF

      Turn-Key Campground Business Opportunity

      64+ acre campground with cabins, lake, and owner's residence.
      3359 N Us Highway 41, Bloomingdale, IN 47832
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 1,248 sq ft, 1.28 acres, needs updates.
    Where is this commercial real estate located?
    The property is located at 624 State St Kingman, IN.
    What is the asking price?
    The asking price for this property is $50,000.
    (765) 294-0317
    Request Owner's contact information
    624 State St Kingman, IN 47952
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    Kingman, IN 47952
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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
    624 State St Kingman, IN 47952
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