Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    7694 1 St Riley, IN 47871

    For Sale
    $99,000

    Prime Riley location, versatile space, $99,000.

    Description

    Added:
    Feb 11, 2025
    Days on Market:
    305
    This exceptional commercial property, located at 7694 E First St in Riley, Indiana, 47871, presents a unique investment opportunity. Priced at $99,000, this retail building and land sits on a 0-acre lot and offers significant potential for redevelopment. The main floor, previously used as a grocery store (Old Riley Food Mart), is adaptable to various uses, including a restaurant or a return to its original purpose. The possibilities are numerous, allowing for a creative and profitable venture. The upper level provides a substantial blank canvas, perfect for expansion, additional retail space, or residential conversion. The property's central location within Riley Township ensures high visibility and accessibility, making it an attractive proposition for entrepreneurs and investors alike. This property requires some renovation and updating, presenting a chance to add value and create a thriving business. The building's existing structure provides a solid foundation for a successful future. This is a rare opportunity to acquire a versatile commercial property in a desirable location at an attractive price point. Don't miss out on this chance to shape the future of this prime Riley real estate.

    Property Features for 7694 1 St

    General Information

    Property type
    Land

    HighLights

    • $99,000 asking price.
    • Retail and land property.
    • Zero units.
    • Located at 7694 E First St, Riley, IN 47871.
    • Potential for grocery store or restaurant conversion on main floor; upper floor offers versatile space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Riley
    County
    Vigo
    State
    Indiana
    Longitude
    -87.2969532
    Latitude
    39.3901113

    Nearby Comparable

    • $160,000
      0.70 Acres

      Retail/Professional Development Opportunity

      Prime location suitable for retail or professional development.
      7310 S State Road 46, Terre Haute, IN 47802
      View Details
    • $160,000
      0.70 Acres

      Prime Terre Haute Commercial Land

      0.7-acre lot, ideal retail/professional use
      7310 State Road 46, Terre Haute, IN 47802
      View Details
    • $611,000
      67.80 Acres

      Terre Haute Farmland Paradise

      68 acres of fertile land and enchanting woodland.
      State Road 159, Terre Haute, IN 47802
      View Details
    • $1,400,000
      11.96 Acres

      Commercial Subdivision Land Available

      Commercial land for sale in Terre Haute, Indiana.
      E Margaret Dr, Terre Haute, IN 47803
      View Details

    FAQs

    What type of property is this?
    Land - Prime Riley location, versatile space, $99,000.
    Where is this land located?
    The property is located at 7694 1 St Riley, IN.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: $99,000 asking price.; Retail and land property.; Zero units.
    Request Owner's contact information
    7694 1 St Riley, IN 47871
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7694 1 St
    Riley, IN 47871
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    7694 1 St Riley, IN 47871
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.