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    307 Main St Austin, IN 47102

    For Sale
    $350,000

    Bank Building, High Visibility, 2,500 sq ft

    Property size:
    2,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 2,500 square foot commercial property, located at 307 W Main Street in Austin, Indiana, presents a compelling investment opportunity. Built in 2012 as a bank branch, this building boasts a highly desirable location on West Main Street, directly across from City Hall and other retail establishments. The property features convenient access, including three curb cuts, a large parking lot, and prominent monument signage ensuring high visibility. The building includes drive-thru windows and an ATM, with the ATM's sale potentially negotiable. The 0.32-acre lot is zoned commercial, offering flexibility for a variety of uses. Its strategic location offers significant advantages, being within one mile of Austin schools and a Dollar General, Circle K, and Dollar Tree, and within three miles of Norton Hospital. The property benefits from the growth of the surrounding area, which has seen an increase in new residential, retail, and commercial development within a ten-mile radius. The current tenant has vacated the premises, allowing for immediate possession upon closing. This property is ideally situated just 34 miles north of Louisville, Kentucky, providing easy access to a larger metropolitan area. This is a rare opportunity to acquire a well-positioned, high-visibility commercial building in a growing community.

    Property Features for 307 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,500 SF
    Lot Size
    13,939 SF

    Building Details

    Year Built
    2012
    Insight Report Location Intelligence

    Current Use by Public Records

    WesBanco Bank - ATM Atm WesBanco Bank Bank

    Suggested Use

    Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Accounting Firm Auto Repair Shop Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Austin
    County
    Scott
    State
    Indiana
    Longitude
    -85.80959
    Latitude
    38.74112

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    FAQs

    What type of property is this?
    Commercial real estate - Bank Building, High Visibility, 2,500 sq ft
    Where is this commercial real estate located?
    The property is located at 307 Main St Austin, IN.
    What is the asking price?
    The asking price for this property is $350,000.
    (812) 752-3844
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    307 Main St Austin, IN 47102
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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
    307 Main St Austin, IN 47102
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