Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic Church and Parsonage Title is generated by Realmo AI

    307 Elm, Lawrenceburg, IN 47025

    View on Map
    Claim this Listing
    New
    For Sale
    $375,000

    COMMERCIAL - Lawrenceburg, IN

    Lot size:
    0.16 Acres
    Added:
    Jun 1, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 5 at 12:06 pm

    Property Features for 307 Elm

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    15-07-14-301-005.000-026
    Lot size
    0.16 Acres

    Building Details

    Year built
    1880

    We can help!

    Listing Contact
    Jay Knowles

    Listing agent Jay Knowles

    Listing office Keller Williams Realty Services 118 Walnut Street, Florence, IN

    Listing date Jun 1, 2026

    MLS# 207589

    Copyright © 2026 Southeastern Indiana Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Historic commercial property in downtown Lawrenceburg, Indiana, first available in over 60 years
    • Church built in 1884, with the property year built listed as 1880
    • Connected 4‑bedroom, 2‑full‑bath parsonage
    • Full basement with dedicated rear ramp providing ADA access to the lower level
    • Attached 1,220‑SF two‑level building for conversion into two apartments or short‑term rentals
    • Located two blocks from Main Street (Walnut Street)

    Overview

    This landmark church property features a church built in 1884 connected to a spacious 4-bedroom, 2-full-bath parsonage. A full basement is included, with a dedicated rear ramp designed for ADA accessibility to the lower level. An attached two-level building provides additional space for alternative uses, including the possibility of conversion into two apartments or short-term rental units.

    Set in downtown Lawrenceburg, Indiana, the property is positioned just two blocks from Main Street (Walnut Street). The layout combines religious facility space with residential space under one ownership, supported by a basement access option intended to improve convenience for lower-level use.

    For buyers seeking a distinctive multi-use asset, the combination of church space, parsonage living area, and an attached two-level building supports a range of plans—from maintaining a worship facility to adapting the attached structure for residential or short-term rental use. The property’s incorporated accessibility feature to the basement further supports tenant or visitor access depending on the intended operation. Please review the details and schedule a tour to confirm how the existing improvements align with your objectives.
    Property Profile Location Intelligence

    Current Use by Public Records

    First Apostolic Bible ... Church

    Suggested Use

    Real Estate Agency Restaurant Dental Office Spa & Massage Center Law Firm Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawrenceburg
    County
    Dearborn
    State
    Indiana
    Longitude
    -84.848342
    Latitude
    39.09538

    Nearby Similar for Sale

    • $1,100,000
      10,242 SF

      Lawrenceburg Apartment Complex For Sale

      12-unit apartment complex near downtown Lawrenceburg, generating over $11,000 monthly.
      522 Front Street, Lawrenceburg, IN 47025
      View Details
    • $125,000
      3,042 SF

      Lawrenceburg Multifamily Investment Opportunity

      Income property in a thriving community near downtown Lawrenceburg.
      212 Mary Street, Lawrenceburg, IN 47025
      View Details
    • $375,000

      Corner Office Building with Apartment

      Corner visibility and framed interior renovation support flexible office and future second-floor apartment buildout.
      200 E Eads Parkway, Lawrenceburg, IN 47025
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - Historic church property with an attached two-level building and accessible basement ramp, well suited for multi-use conversion.
    Where is this church & religious facility located?
    The property is located at 307 Elm Lawrenceburg, IN.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Historic commercial property in downtown Lawrenceburg, Indiana, first available in over 60 years; Church built in 1884, with the property year built listed as 1880; Connected 4‑bedroom, 2‑full‑bath parsonage
    (859) 240-0727
    We can help!
    Listing Contact
    Jay Knowles
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    307 Elm, Lawrenceburg, IN 47025
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!