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    105 Main St Geneva, IN 46740

    For Sale
    $196,000

    High-traffic corner lot, dual businesses.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional mixed-use storefront property, located at 105 N Main St in Geneva, Indiana (zip code 46740), presents a lucrative investment opportunity. Situated on a prominent 0.11-acre corner lot at the intersection of US-27 and State Road 116, this property boasts impressive visibility and high traffic volume exceeding 10,000 vehicles per day. Currently configured as a thriving dual-business operation—a nail salon and a flower boutique—this building offers immediate income potential. The C-1 zoning allows for a variety of uses, providing flexibility for future development or continued operation of the existing businesses. The current owner is open to a leaseback arrangement, providing a seamless transition for the new owner. This turnkey investment is priced at $196,000 and represents a rare chance to acquire a well-established, high-traffic commercial property in a desirable Indiana location. The property's prime location and existing businesses make it an ideal investment for both seasoned investors and those seeking a stable, income-generating asset. The building's excellent condition and high visibility ensure a strong return on investment. Don't miss this opportunity to own a piece of thriving downtown Geneva.

    Property Features for 105 Main St

    General Information

    Property type
    Individual retail properties
    Lot Size
    4,792 SF

    HighLights

    • High‑visibility mixed‑use storefront at 105 N Main St, Geneva, IN 46740.
    • 0.11‑acre corner lot at US‑27 & State Road 116 intersection, high traffic (10,000+ vehicles daily).
    • Currently operating dual businesses (nail salon & flower boutique) providing immediate income.
    • C‑1 zoning allows for diverse uses.
    • Seller open to leaseback.
    • Priced at $196,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Geneva
    County
    Adams
    State
    Indiana
    Longitude
    -84.9605806
    Latitude
    40.5923579

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    Nearby Similar for Sale

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    • $59,900
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      Geneva Commercial Building - $59,900

      Prime Geneva location, versatile commercial space.
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    FAQs

    What type of property is this?
    Individual retail property - High-traffic corner lot, dual businesses.
    Where is this individual retail property located?
    The property is located at 105 Main St Geneva, IN.
    What is the asking price?
    The asking price for this property is $196,000.
    What are key features of this property?
    This property features: High-visibility mixed-use storefront at 105 N Main St, Geneva, IN 46740.; 0.11-acre corner lot at US-27 & State Road 116 intersection, high traffic (10,000+ vehicles daily).; Currently operating dual businesses (nail salon & flower boutique) providing immediate income.
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    105 Main St Geneva, IN 46740
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    Geneva, IN 46740
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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
    105 Main St Geneva, IN 46740
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