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    29 Jackson St Sullivan, IN 47882

    Sponsored
    For Sale
    $269,900

    Multi-use building with high rental income.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This unique Sullivan, IN property, known as the Tindall Building, presents a compelling investment opportunity. Boasting a substantial 60,000 square feet, this building combines office space, warehouse facilities, and residential apartments, all generating current rental income. The building currently features sixteen offices, three of which are already leased, providing immediate cash flow. One office is pre-plumbed for a beauty salon, requiring only minimal finishing. High-speed fiber optic internet service is installed throughout, catering to modern business needs. A significant 8,000+ square foot warehouse space is available at the rear, complete with loading docks and high ceilings, offering considerable development potential for various uses. Adding to the income stream, three apartments are currently occupied and rented. The full walk-out basement is also leased to an established auction house. Situated on a 0.71-acre lot at 29 W Jackson Streets, this multi-faceted property offers a rare blend of income-generating assets and expansion possibilities. The asking price is $269,900. This is a truly exceptional opportunity for investors seeking a diverse and established portfolio addition.

    Property Features for 29 Jackson St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    30,928 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Tindall Building Apartment Building Mason's Lodge. #263 Masonic Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sullivan
    County
    Sullivan
    State
    Indiana
    Longitude
    -87.40807
    Latitude
    39.09409

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    Nearby Similar for Sale

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      Versatile Commercial Property in Sullivan

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      Versatile Commercial Building in Sullivan, IN

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    FAQs

    What type of property is this?
    Commercial real estate - Multi-use building with high rental income.
    Where is this commercial real estate located?
    The property is located at 29 Jackson St Sullivan, IN.
    What is the asking price?
    The asking price for this property is $269,900.
    (217) 826-2717
    Request Owner's contact information
    29 Jackson St Sullivan, IN 47882
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    Sullivan, IN 47882
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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
    29 Jackson St Sullivan, IN 47882
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