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    209 Main St Milltown, IN 47145

    Sponsored
    For Sale
    Contact for pricing

    Prime Milltown location, needs complete renovation.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This unique property at 209 Main Street, Milltown, Indiana, presents a compelling investment opportunity for a buyer with vision. Priced at $27,000, this property consists of a main building and an additional structure located at the rear of the lot. Both buildings require a complete rehabilitation. The main building is situated in a high-traffic area of downtown Milltown, offering excellent potential for a variety of commercial uses once renovated. A significant advantage is the recently installed 200-amp electrical service, providing a solid foundation for future improvements. However, potential buyers should be aware that the entire property is located within a designated flood plain. This necessitates careful consideration of flood mitigation strategies and insurance requirements during the planning and development phases. The property's size, in terms of square footage and lot acreage, is not currently specified. The existing structures offer a blank canvas for a creative developer to transform this downtown Milltown location into a thriving business. Serious inquiries are encouraged to explore the possibilities of this unique investment. Due diligence is recommended to fully assess the property's condition and potential.

    Property Features for 209 Main St

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1933
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Wholesale Shop Hotel & Motel Kitchen & Bath Food Market HVAC Service Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Milltown
    County
    Crawford
    State
    Indiana
    Longitude
    -86.2738
    Latitude
    38.34238

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      211 Main St, Milltown, IN 47145

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Milltown location, needs complete renovation.
    Where is this commercial real estate located?
    The property is located at 209 Main St Milltown, IN.
    What is the asking price?
    The asking price for this property is $27,000.
    (812) 923-7050
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    209 Main St Milltown, IN 47145
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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
    209 Main St Milltown, IN 47145
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