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    1568 Water St Borden, IN 47106

    For Sale
    $75,000

    Versatile Commercial Property, Endless Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This 3.67-acre commercial property, situated on Highway 60 just outside Borden, Indiana, presents a unique investment opportunity. The existing building, previously used as both office space for a trucking company and a church, offers significant adaptability. The property features a substantial concrete base and floor, ideally suited for the construction of a shop or warehouse. A pre-existing loading dock is conveniently located at the rear of the building, enhancing logistical efficiency. The property's zoning allows for a wide range of uses, including trucking, construction, multi-family housing, religious institutions, and retail businesses. This flexibility makes it an attractive prospect for diverse entrepreneurial ventures. The building's history demonstrates its suitability for various purposes, offering a solid foundation for future development. The property's highway frontage ensures high visibility and accessibility, a key advantage for any commercial enterprise. Note that an additional 9 acres of land, including two rental homes, are available for purchase separately (see MLS 202005310), presenting a potential expansion opportunity for the right buyer. This prime location and versatile property offer significant potential for substantial return on investment. The asking price is $75,000.

    Property Features for 1568 Water St

    General Information

    Property type
    Investment properties
    Lot Size
    159,865 SF

    Building Details

    Year Built
    1955
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Auto Repair Shop Hair Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Borden
    County
    Clark
    State
    Indiana
    Longitude
    -85.97111
    Latitude
    38.47634

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    FAQs

    What type of property is this?
    Investment property - Versatile Commercial Property, Endless Potential
    Where is this investment property located?
    The property is located at 1568 Water St Borden, IN.
    What is the asking price?
    The asking price for this property is $75,000.
    (812) 945-8000
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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
    1568 Water St Borden, IN 47106
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