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    115 Mill St Boonville, IN 47601

    Sponsored
    For Sale
    $105,000

    Two-building corner lot, ideal investment.

    Property size:
    2,952 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property in Boonville, Indiana, presents a unique investment opportunity. Situated on a 0.32-acre corner lot at 115 Mill St, 47601, this property boasts two buildings totaling 2,952 square feet, priced at $105,000 ($35.57/sq ft). One building is a 24' x 36' pole barn equipped with plumbing, electricity, two garage doors, and a man door. The second building, formerly a self-service car wash, has been repurposed into storage space, with three bays enclosed and featuring 9' garage doors at each end. The property is zoned Commercial 1 and benefits from a large paved parking lot, offering ample space for various uses. Its convenient location within Boonville city limits, just minutes from the downtown area, ensures high visibility and accessibility. The property's parcel number is 87-09-26-417-035.000-003. This versatile property is ready for a new owner to capitalize on its potential.

    Property Features for 115 Mill St

    General Information

    Property type
    Automotive properties
    Square Feet
    2,952 SF
    Lot Size
    13,939 SF

    Building Details

    Buildings
    2

    HighLights

    • Exceptional investment opportunity in Boonville, IN.
    • Two‑building property totaling 2,952 square feet on a 0.32‑acre corner lot for $105,000 ($35.57/sq ft).
    • Includes a 24' x 36' pole barn with utilities and a former car wash repurposed as storage with three bays and 9' garage doors.
    • Large paved parking lot.
    • Convenient Boonville location, minutes from downtown.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Boonville
    County
    Warrick
    State
    Indiana
    Longitude
    -87.27422722061
    Latitude
    38.055953358939

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    FAQs

    What type of property is this?
    Automotive property - Two-building corner lot, ideal investment.
    Where is this automotive property located?
    The property is located at 115 Mill St Boonville, IN.
    What is the asking price?
    The asking price for this property is $105,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity in Boonville, IN.; Two-building property totaling 2,952 square feet on a 0.32-acre corner lot for $105,000 ($35.57/sq ft).; Includes a 24' x 36' pole barn with utilities and a former car wash repurposed as storage with three bays and 9' garage doors.
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    Boonville, IN 47601
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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
    115 Mill St Boonville, IN 47601
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