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Albion, IN Versatile Property
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1008 E South St, Albion, IN 46701

Versatile property with redevelopment potential in Albion, Indiana.

Property Size5,064 SF
Price / SF$49.35
Days on Market744

Property Features for 1008 E South St

General Information

Standard status Active
Size 5,064 SF
Property subtype Mixed Use, Special Purpose

Building Details

Year Built 1970
Buildings 1
Listing Agency: Darice Rene
Listed By: Dylan Dehmiri · License #RB21000803
Source: Crexi
Added: Aug 30, 2024 Changed: Aug 13 Last Checked: Sep 11 at 7:29AM

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 Darice Rene

Investment Insights

Based on property information with market context.

Located at 1008 E South St in Albion, IN, this versatile property presents numerous possibilities. The listing includes a building situated on six city lots. Formerly a church, the 5,064 square foot property is currently zoned as R3, but offers potential for rezoning. This provides opportunities for investors seeking development potential or entrepreneurs envisioning a new business venture. The property could be transformed into a daycare, community center, or other creative uses.

Key Highlights

  • Six city lots included, providing ample space.
  • R3 zoning with potential for rezoning.
  • Versatile property suitable for development or business ventures.

Property Analytics

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Current Use

Churches & religious facilities

Suggested Use

Top Pick Auto Repair Shop HVAC Service (Bike/Boat/Book/etc) Store Law Firm Grocery & Convenience Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

104
Businesses Nearby

Demographics for 46701, IN

7,687
Population
3,386
Households
2.3
Avg Household Size
43
Median Age
27%
College-Educated
93%
High-School Grad
96.8 sq mi
ZIP Area
79
Density / Sq Mi
$76,813
Median Household Income
$45,847
Median Earnings
$835
Median Rent
$194,300
Median Home Value
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Frequently Asked Questions

What type of property is this?
Church & religious facility - Versatile property with redevelopment potential in Albion, Indiana.
Where is this church & religious facility located?
The property is located at 1008 E South St Albion, IN.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Six city lots included, providing ample space.; R3 zoning with potential for rezoning.; Versatile property suitable for development or business ventures.
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