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    Broadway St Butler, IN 46721

    For Sale
    $199,999

    Prime location, high-traffic area, multiple income streams.

    Property size:
    6,505 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Butler, Indiana retail investment presents a unique opportunity to acquire a multi-faceted property boasting significant income potential. The package includes a vibrant bar and an ice cream parlor, both currently vacant, offering immediate upside for a savvy investor. Adding to the appeal are two upstairs apartment units, providing additional rental income streams. The property's total area encompasses 6,505 square feet, strategically situated on 232.5 S Broadway St, Butler, IN 46721, in DeKalb County. The asking price is $199,999.99, translating to a price per square foot of $30.75. The property consists of two buildings, spanning two stories, and includes four separate units. A small garage and dedicated parking area are conveniently located on a rear parcel, enhancing the property's overall functionality and appeal. The property benefits from high visibility, situated on a street with approximately 4,000 vehicles passing daily, ensuring consistent exposure to potential customers. This turnkey investment is ready for immediate occupancy and offers a compelling blend of established businesses and rental income opportunities. Don't miss this chance to own a thriving commercial property in a desirable location.

    Property Features for 0 Broadway St

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,505 SF

    Building Details

    Buildings
    2
    Stories
    2
    Units
    4
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Map

    City
    Butler
    County
    DeKalb
    State
    Indiana
    Longitude
    -84.871321500314
    Latitude
    41.428163166691

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    FAQs

    What type of property is this?
    Individual retail property - Prime location, high-traffic area, multiple income streams.
    Where is this individual retail property located?
    The property is located at Broadway St Butler, IN.
    What is the asking price?
    The asking price for this property is $199,999.
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    Broadway St 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
    Broadway St Butler, IN 46721
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