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    124 6Th St Cannelton, IN 47520

    For Sale
    $109,900

    Prime Downtown Location, Endless Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 1892 brick building, located at 124 S 6th Street in Cannelton, Indiana, presents a unique investment opportunity. Boasting a prominent downtown location on a 0.05-acre lot, this property offers 109900 USD in potential. Currently configured as a music/karaoke venue, the adaptable floor plan allows for a variety of commercial uses. The main level is move-in ready, requiring minimal updates to suit your business needs. A second-level apartment, easily converted into office space, adds significant versatility. The building has undergone recent improvements, including professional pointing and tuckpointing, ensuring its continued structural integrity and aesthetic appeal. Tax records indicate a construction date of 1900, however, a keystone on the building suggests an even earlier origin in 1892, adding to its historical charm and potential for attracting customers. This property represents a rare chance to acquire a piece of Perry County history and establish a thriving business in a vibrant community. The affordable price point makes this an attractive investment for both seasoned entrepreneurs and first-time business owners. Don't miss this chance to own a piece of Cannelton's rich heritage. The square footage is not currently available.

    Property Features for 124 6Th St

    General Information

    Property type
    Retail properties
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1900
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cannelton
    County
    Perry
    State
    Indiana
    Longitude
    -86.74232
    Latitude
    37.91153

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    FAQs

    What type of property is this?
    Retail property - Prime Downtown Location, Endless Potential
    Where is this retail property located?
    The property is located at 124 6Th St Cannelton, IN.
    What is the asking price?
    The asking price for this property is $109,900.
    (812) 200-2838
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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
    124 6Th St Cannelton, IN 47520
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