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    406 Day Ln Depauw, IN 47115

    For Sale
    $90,000

    Auto Repair Shop w/Extra Building & Land

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional business opportunity in Depauw, Indiana, presents a well-established auto repair shop situated on a 0.72-acre lot just off State Road 64, offering excellent visibility. The main building, a sturdy all-metal structure measuring 30 feet by 45 feet, boasts a double-insulated roof, concrete floors, and three spacious bays (15x30, 15x30, and 15x20). Included in the sale is a newer 10,000-pound electric lift and a large air compressor, essential tools for any auto repair business. The shop also features a convenient office space and bathroom facilities, ensuring comfort and efficiency for both staff and clients. Heating is provided by a natural gas furnace. Adding to the property's versatility is a second metal building, 20 feet by 30 feet, equipped with an overhead door and built-in shelving, ideal for additional storage or potential conversion to another use. A substantial poured concrete pad (18x21) near the main building provides further space for expansion or additional parking. The ample 0.72-acre lot offers significant room for growth and future development. This property is listed below appraised value, presenting a compelling investment opportunity. The location, just outside Milltown in Harrison County, provides easy access to State Road 64, ensuring high visibility and convenient access for customers. Don't miss this chance to acquire a well-equipped and strategically located business property.

    Property Features for 406 Day Ln

    General Information

    Property type
    Investment properties
    Lot Size
    31,363 SF

    Building Details

    Year Built
    2011
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Wholesale Shop Hotel & Motel Kitchen & Bath Food Market HVAC Service Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Depauw
    County
    Harrison
    State
    Indiana
    Longitude
    -86.26318
    Latitude
    38.34248

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    FAQs

    What type of property is this?
    Investment property - Auto Repair Shop w/Extra Building & Land
    Where is this investment property located?
    The property is located at 406 Day Ln Depauw, IN.
    What is the asking price?
    The asking price for this property is $90,000.
    (812) 923-7050
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    406 Day Ln Depauw, IN 47115
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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
    406 Day Ln Depauw, IN 47115
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