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    292 Main St Marengo, IN 47140

    For Sale
    $67,500

    Massive workspace, 6000 sq ft, unique opportunity.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 6000 square foot property located at 292 S Main Street, Marengo, Indiana, presents a rare chance to acquire a piece of Crawford County history. Currently utilized as a workspace and equipment storage facility, the building's expansive open layout offers immense flexibility for a variety of commercial ventures. The substantial size and adaptable floor plan make it ideally suited for an automotive repair shop, leveraging the existing space for ample vehicle storage and repair bays. Alternatively, a creative entrepreneur could transform this building into a truly unique establishment. The upper level, with its exposed original brick, exquisite woodwork, and stunning windows, provides a captivating canvas for a restaurant or boutique. Imagine the charm and character of a business housed within this historic structure. The lower level offers approximately 6000 square feet of warehouse space, providing ample room for inventory, equipment, or additional business functions. The property sits on a 0.45-acre lot, offering potential for outdoor expansion or additional parking. Priced at $67,500, this is an unparalleled opportunity to own a significant piece of Marengo's heritage and create a thriving business within its walls. The building's history and substantial size present a unique investment opportunity with significant upside potential.

    Property Features for 292 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    19,602 SF

    Building Details

    Year Built
    1917
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Spa & Massage Hair Salon Building Supply Nail Salon Clothing Store Auto Repair Shop Skin Care Clinic Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Marengo
    County
    Crawford
    State
    Indiana
    Longitude
    -86.34301
    Latitude
    38.36952

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    FAQs

    What type of property is this?
    Commercial real estate - Massive workspace, 6000 sq ft, unique opportunity.
    Where is this commercial real estate located?
    The property is located at 292 Main St Marengo, IN.
    What is the asking price?
    The asking price for this property is $67,500.
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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
    292 Main St Marengo, IN 47140
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