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    1008 South St Albion, IN 46701

    For Sale
    $299,900

    Versatile 5,064 SF building on six lots.

    Property size:
    5,064 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional mixed-use property, located at 1008 E South St, Albion, Indiana, presents a unique investment opportunity. The 5,064 square foot building, constructed in 1970, sits on a substantial 6,534 square foot lot encompassing six city lots in total. Currently zoned R3, this property offers significant potential for redevelopment and rezoning to accommodate a wide range of uses. Its previous use as a church suggests adaptability for various purposes, including but not limited to a daycare center, community center, or other creative ventures. The expansive lot size provides ample space for expansion or additional development. The property's location in Albion, Indiana, 46701 (Noble County), offers access to local amenities and infrastructure. This is an ideal opportunity for investors seeking a prime development site or entrepreneurs envisioning a new business venture in a thriving community. The asking price is $299,900. This property offers a rare combination of size, location, and zoning flexibility, making it a truly exceptional investment prospect. Don't miss this chance to acquire a significant piece of Albion real estate with immense potential.

    Property Features for 1008 South St

    General Information

    Property type
    Churches & religious facilities
    Square Feet
    5,064 SF

    Building Details

    Year Built
    1970
    Buildings
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Auto Repair Shop Clothing Store Pharmacy Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Albion
    County
    Noble
    State
    Indiana
    Longitude
    -85.411553
    Latitude
    41.39372

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    FAQs

    What type of property is this?
    Church & religious facility - Versatile 5,064 SF building on six lots.
    Where is this church & religious facility located?
    The property is located at 1008 South St Albion, IN.
    What is the asking price?
    The asking price for this property is $299,900.
    Request Owner's contact information
    1008 South St Albion, IN 46701
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    Albion, IN 46701
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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
    1008 South St Albion, IN 46701
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