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    320 3Rd St Clinton, IN 47842

    For Sale
    $225,000

    Large building, ample parking, high potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional property, situated in Clinton's vibrant downtown business district at 320 S 3rd Street, presents a unique investment opportunity. The substantial building encompasses nearly 12,000 square feet, previously utilized as a body shop. A significant feature is the inclusion of a former apartment space located upstairs, offering versatile possibilities for expansion or adaptation. The property's adaptability makes it suitable for a wide range of commercial ventures. The building's current vacancy allows for immediate occupancy and customization to meet specific business needs. Beyond the building itself, a significant advantage is the presence of a sizable 0.54-acre lot providing ample parking. This expansive area offers significant potential for future development, expansion, or additional uses, enhancing the property's overall value and functionality. The asking price for this prime downtown location is $225,000, representing a compelling investment in a thriving community. The combination of building size, parking availability, and development potential makes this a truly remarkable opportunity for a discerning buyer. Serious inquiries are encouraged to explore the full potential of this versatile property.

    Property Features for 320 3Rd St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    23,522 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Bar & Pub Hotel & Motel Wholesale Shop Barber Shop HVAC Service Bed & Breakfast Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    Vermillion
    State
    Indiana
    Longitude
    -87.39943
    Latitude
    39.65769

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Large building, ample parking, high potential.
    Where is this commercial real estate located?
    The property is located at 320 3Rd St Clinton, IN.
    What is the asking price?
    The asking price for this property is $225,000.
    (812) 235-4433
    Request Owner's contact information
    320 3Rd St Clinton, IN 47842
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    Clinton, IN 47842
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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
    320 3Rd St Clinton, IN 47842
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