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    1308 Heaton St Knox, IN 46534

    For Sale
    $379,900

    Prime Knox location, 2+ buildings, high traffic count.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial property presents a unique investment opportunity in a high-traffic area of Knox, Indiana. The main building, a former automotive repair shop, boasts a substantial 2,456 square feet. While the showroom area has been removed, it's ready for customization to suit a variety of commercial uses. The existing shop space comprises 36' x 46' with four bays equipped with overhead doors. Included in the sale are three vehicle lifts and assorted tools, offering immediate operational potential. An additional 24' x 32' storage building provides ample space for expansion or additional storage needs. The property sits on a desirable half-acre corner lot at the intersection of Heaton Street and Airway Drive, directly across from a shopping center and other established retail and restaurant businesses. This strategic location benefits from a daily traffic count exceeding 12,000 vehicles, ensuring high visibility and accessibility. Ample parking is available, with both asphalt and gravel paved areas. The combination of building size, equipment inclusion, prime location, and high traffic count makes this property an ideal investment for entrepreneurs and businesses seeking a strong foothold in a thriving commercial district.

    Property Features for 1308 Heaton St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    21,780 SF

    Building Details

    Year Built
    1955
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Knox
    County
    Starke
    State
    Indiana
    Longitude
    -86.62031
    Latitude
    41.28482

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Knox location, 2+ buildings, high traffic count.
    Where is this commercial real estate located?
    The property is located at 1308 Heaton St Knox, IN.
    What is the asking price?
    The asking price for this property is $379,900.
    (574) 772-5784
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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
    1308 Heaton St Knox, IN 46534
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