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    501 Main St Rochester, IN 46975

    For Sale
    $250,000

    Large building, high ceilings, great potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial property located at 501 Main Street, Rochester, Indiana, presents a remarkable investment opportunity for developers and savvy investors. The building boasts approximately 27,500 square feet of above-ground space, distributed across two levels. The main level encompasses nearly 20,000 square feet, with approximately 14,000 square feet situated above a concrete slab and an additional 6,000 square feet above a basement. A significant portion of the main level (6,000 square feet) retains its original hardwood flooring. The expansive basement provides convenient access for utility lines. The second level offers approximately 7,500 square feet, also featuring original hardwood floors and a well-maintained elevator shaft. Recent improvements include a new roof installed on the second level in 2022, and a certified professional completed asbestos removal in 2021. The sale includes valuable construction blueprints with state approvals, comprehensive records detailing past improvements, a detailed project management timeline, and a business planning data table, providing a solid foundation for future development or immediate occupancy. The property sits on a 0.47-acre lot. Priced at $250,000, this property offers significant potential for substantial return on investment.

    Property Features for 501 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    20,473 SF

    Building Details

    Year Built
    1930
    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
    Rochester
    County
    Fulton
    State
    Indiana
    Longitude
    -86.21531
    Latitude
    41.0692

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    FAQs

    What type of property is this?
    Commercial real estate - Large building, high ceilings, great potential.
    Where is this commercial real estate located?
    The property is located at 501 Main St Rochester, IN.
    What is the asking price?
    The asking price for this property is $250,000.
    (574) 223-7325
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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
    501 Main St Rochester, IN 46975
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