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    111 Main Cross St Edinburgh, IN 46124

    Sponsored
    For Sale
    $400,000

    Historic District, 8,153 SF, High ROI Potential

    Property size:
    8,153 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 111 E Main Cross St in Edinburgh, Indiana's historic downtown district, offers 8,153 square feet of versatile space. Currently featuring a leased first-floor retail space and a second-floor apartment, the building presents significant upside potential for additional units. Recent renovations include a new gas furnace, AC system, electrical upgrades, sewer line improvements, updated lighting, and refinished flooring. The property is zoned CBD and boasts a prime location, offering easy access to I-65, Columbus, IN, and Indianapolis. Priced at $400,000 ($49.06/sq ft), this presents a compelling investment opportunity for both seasoned investors and business owners seeking expansion. The building's strong location and recent improvements make it an attractive option for a variety of uses, promising a high return on investment. The existing lease provides immediate income, while the potential for additional units offers significant long-term growth. This is a rare opportunity to acquire a well-maintained, historically significant commercial building in a thriving Indiana community.

    Property Features for 111 Main Cross St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    8,153 SF

    HighLights

    • High‑efficiency HVAC system with new gas furnace and updated electrical and plumbing (sewer lines).
    • Excellent location with easy access to I‑65, Columbus, IN, and Indianapolis.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Edinburgh
    County
    Johnson
    State
    Indiana
    Longitude
    -85.96612197146
    Latitude
    39.354317590852

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Mixed-use property - Historic District, 8,153 SF, High ROI Potential
    Where is this mixed-use property located?
    The property is located at 111 Main Cross St Edinburgh, IN.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: High-efficiency HVAC system with new gas furnace and updated electrical and plumbing (sewer lines).; Excellent location with easy access to I-65, Columbus, IN, and Indianapolis.;
    Request Owner's contact information
    111 Main Cross St Edinburgh, IN 46124
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    Edinburgh, IN 46124
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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
    111 Main Cross St Edinburgh, IN 46124
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