Historical Chapel with Deck and Waterfront
For Sale
$85,000
6105 S Mill Rd, Carbon, IN 47837
Historical White Chapel features a large deck and waterfront views with strong pedestrian traffic in Mansfield area.
Property Size300 SF
Price / SF$283.33
Days on Market97
Property Features for 6105 S Mill Rd
General Information
Standard status
Active
Size
300 SF
Amenities
waterfront views
deck
Building Details
Year Built
1880
Listing Agency:
A & B Homes
Listed By:
Rodney Sneath · License #RB19000671
(317) 850-9514
Source:
Eveloteam
Added: Jul 30
Changed: Oct 26
Last Checked: Oct 7 at 4:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of A & B Homes
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Fudge Chapel is a historical White Chapel-style property that offers a versatile setup for religious use or a specialty destination. A large deck adds outdoor flexibility for uses such as outdoor seating, seasonal vendor activity, or potential rental opportunities. The existing chapel building and site setting provide a distinctive foundation for a new concept, with room to remodel, start over, or add on.
The property is located at 6105 S Mill Rd in Carbon, IN, on a hill with waterfront views and exceptional pedestrian traffic. It also benefits from a premier position at one of Indiana’s well-known attractions, which can support foot-traffic-driven uses.
For buyers looking for a recognizable local landmark and a building they can adapt, the combination of waterfront scenery, outdoor deck space, and high pedestrian exposure is central to the property’s appeal.
The property is located at 6105 S Mill Rd in Carbon, IN, on a hill with waterfront views and exceptional pedestrian traffic. It also benefits from a premier position at one of Indiana’s well-known attractions, which can support foot-traffic-driven uses.
For buyers looking for a recognizable local landmark and a building they can adapt, the combination of waterfront scenery, outdoor deck space, and high pedestrian exposure is central to the property’s appeal.
Key Highlights
- Historical White Chapel on a hill
- Large deck for outdoor seating, seasonal vendors, or rental opportunities
- Waterfront views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,872
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$57,440
$57.4K
Cap Rate 7%
$41,029
$41.0K
Cap Rate 9%
$31,911
$31.9K
Market Conditions
NOI Build-Up for 300 SF
Gross rent
$4.1K $13.80/SF
− Vacancy
−$311 −$1.04/SF
EGI
$3.8K $12.77/SF
− OpEx
−$957 −$3.19/SF
NOI
$2.9K $9.57/SF
Area
Clay County, IN
Vacancy
7.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$57,440
Cap Rate 7%
$41,029
Cap Rate 9%
$31,911
Alternative Uses
Best Use
Specialty Retail
$41.0K
$35.9K – $47.9K
NOI $2,872 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$53.1K
$46.4K – $61.9K
NOI $3,715 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 47837, IN
1,186
Population
410
Households
2.9
Avg Household Size
44
Median Age
17%
College-Educated
89%
High-School Grad
31.6 sq mi
ZIP Area
38
Density / Sq Mi
$82,750
Median Household Income
$43,295
Median Earnings
$945
Median Rent
$137,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Church & religious facility - Historical White Chapel features a large deck and waterfront views with strong pedestrian traffic in Mansfield area.
Where is this church & religious facility located?
The property is located at 6105 S Mill Rd Carbon, IN.
What is the asking price?
The asking price for this property is $85,000.
What are key features of this property?
This property features: Historical White Chapel on a hill; Large deck for outdoor seating, seasonal vendors, or rental opportunities; Waterfront views
