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    845 State Road 145 Eckerty, IN 47116

    For Sale
    $163,000

    Multi-use property near Patoka Lake. Huge potential!

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional multi-use property, located at 845 N State Road 145 in Eckerty, Indiana, presents a unique investment opportunity. Situated on a 1.67-acre lot, the property boasts a diverse range of structures, offering significant income potential or the flexibility to combine residential and commercial uses. The main feature is a 2000+ square foot retail space, built in 2010, featuring a convenient loading area and attractive wood exterior. This space offers highway frontage on State Road 145 and could easily be converted into additional residential space, as it already includes a half-bathroom plumbed for a shower. Also included is a 1216 square foot single-wide home with three bedrooms and two full bathrooms. Adding to the property's versatility is an efficiency apartment with its own bathroom and living quarters, perfect for rental income or guest accommodations. A substantial 40x42 pole barn and an 18x21 shed provide ample storage or workshop space. The property's proximity to Patoka Lake further enhances its appeal, opening possibilities for boat storage, event space, or other recreational-related businesses. The seller is open to considering lease options or a contract with a substantial down payment. This property offers a rare blend of residential comfort and significant commercial potential, making it an ideal investment for a discerning buyer.

    Property Features for 845 State Road 145

    General Information

    Property type
    Retail properties
    Lot Size
    72,745 SF

    Building Details

    Year Built
    1994
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Eckerty
    County
    Crawford
    State
    Indiana
    Longitude
    -86.61964
    Latitude
    38.35058

    Nearby Comparable

    • $69,000
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      Wooded Lot Near Patoka Lake

      0.48-acre wooded lot with utilities near Patoka Lake.
      Pedora School Rd, Eckerty, IN 47116
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    • $49,900
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      Land Near Patoka Lake

      Vacant land near Patoka Lake with utilities and shed.
      5844 W State Road 64, Taswell, IN 47175
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    • $70,000
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      Land For Sale in Taswell

      Residential and agricultural land available in Taswell, Indiana.
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    • $250,000
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      Iconic Birdseye Restaurant Opportunity

      Beloved restaurant and ice cream destination in Birdseye, Indiana.
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    FAQs

    What type of property is this?
    Retail property - Multi-use property near Patoka Lake. Huge potential!
    Where is this retail property located?
    The property is located at 845 State Road 145 Eckerty, IN.
    What is the asking price?
    The asking price for this property is $163,000.
    (812) 946-3393
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    Eckerty, IN 47116
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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
    845 State Road 145 Eckerty, IN 47116
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