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    408 National Ave Brazil, IN 47834

    For Sale
    $399,900

    Downtown Brazil, 4360 sq ft, High Visibility

    Property size:
    4,360 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 4,360 square foot commercial building presents endless possibilities for a discerning buyer. Located in the heart of downtown Brazil, Indiana, on US 40, this property boasts high visibility and convenient access. The building sits on a sizable 0.33-acre lot (120' x 120'), offering ample space for expansion or outdoor activities. The interior features a spacious 2,120 square foot retail showroom, perfect for showcasing products or services. A substantial 2,240 square foot warehouse area, equipped with three overhead doors, provides excellent storage and loading capabilities. Currently, the building includes one office and one restroom, but the open floor plan allows for easy customization to meet specific business needs. Energy-efficient lighting and two HVAC systems contribute to low utility costs, a significant advantage for any business owner. A large attic provides additional storage space. The building has been meticulously maintained and is ready for immediate occupancy. Existing furniture and fixtures are available for negotiation. This is a truly remarkable opportunity to establish or expand your commercial enterprise in a thriving downtown location.

    Property Features for 408 National Ave

    General Information

    Property type
    Retail properties
    Square Feet
    4,360 SF
    Lot Size
    14,375 SF

    Building Details

    Year Built
    1997
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Brazil
    County
    Clay
    State
    Indiana
    Longitude
    -87.13199
    Latitude
    39.52183

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    FAQs

    What type of property is this?
    Retail property - Downtown Brazil, 4360 sq ft, High Visibility
    Where is this retail property located?
    The property is located at 408 National Ave Brazil, IN.
    What is the asking price?
    The asking price for this property is $399,900.
    (812) 448-8580
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    408 National Ave Brazil, IN 47834
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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
    408 National Ave Brazil, IN 47834
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