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    107 Basket Factory Rd Butler, IN 46721

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    For Sale
    $179,900

    Investment property featuring commercial space and apartments with redevelopment options.

    Property size:
    3,600 SF
    Lot size:
    0.47 Acres

    Property Features for 107 Basket Factory Rd

    General Information

    Size
    3,600 SF
    Lot size
    0.47 Acres

    Source: Fred Beck & Associates, LLC Agent Fred Beck

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property with Redevelopment Potential

    This mixed-use investment property offers long-term potential. The first floor includes two commercial sites, one currently occupied by a beauty shop, and the other vacant. The second floor features two apartments. Subject to city approval, the first floor could be remodeled into additional apartments, potentially creating a fourplex. The property has a size of 3600 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Butler
    County
    DeKalb
    State
    Indiana
    Longitude
    -84.884162
    Latitude
    41.430381

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    FAQs

    What type of property is this?
    Mixed-use property - Investment property featuring commercial space and apartments with redevelopment options.
    Where is this mixed-use property located?
    The property is located at 107 Basket Factory Rd Butler, IN.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: - Investment property with long-term potential.; - Existing income from a beauty shop on the first floor.; - Opportunity to convert the first floor into two additional apartments (4-plex potential with city approval).
    (260) 243-2558
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    107 Basket Factory Rd Butler, IN 46721
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    Butler, IN 46721
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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
    107 Basket Factory Rd Butler, IN 46721
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