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    1431 Hwy Borden, IN 47106

    For Sale
    $195,000

    Versatile 2900+ sq ft building, half-acre lot.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 2900+ square foot multi-use building presents a unique investment opportunity in Borden, Indiana. Situated on a nearly half-acre lot backing up to a creek, this property offers remarkable versatility. Previously used as a church, its adaptable layout lends itself to a variety of uses, including residential conversion. The interior features a spacious full eat-in kitchen, three bedrooms, one full bathroom with laundry hookups, and two half bathrooms. A large, open area measuring over 30' x 30' provides ample space for a great room, or could be easily subdivided to create additional rooms. Two sizable storage closets/rooms are conveniently located near this open area. Recent updates include fresh paint, new carpeting and vinyl flooring, newer windows, and a newer roof. The property's size and layout make it ideal for a range of commercial ventures. Potential uses include child or elder care facilities, youth centers, food pantries, bakeries, sandwich shops, flea markets, antique shops, or thrift stores. Square footage and room sizes are approximate. This property is listed under both commercial and residential MLS numbers. Don't miss this chance to own a versatile property with significant potential.

    Property Features for 1431 Hwy

    General Information

    Property type
    Investment properties
    Lot Size
    21,344 SF

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Map

    City
    Borden
    County
    Clark
    State
    Indiana
    Longitude
    -85.82418
    Latitude
    38.44217

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    FAQs

    What type of property is this?
    Investment property - Versatile 2900+ sq ft building, half-acre lot.
    Where is this investment property located?
    The property is located at 1431 Hwy Borden, IN.
    What is the asking price?
    The asking price for this property is $195,000.
    (812) 948-2888
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    1431 Hwy 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
    1431 Hwy Borden, IN 47106
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