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    1775 Us 421 Delphi, IN 46923

    For Sale
    $259,000

    Prime Retail Space & Land, Delphi, IN

    Property size:
    1,344 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property in Delphi, Indiana, presents a unique investment opportunity. The offering encompasses a 1,344 square foot retail building situated at the intersection of 7th Street and US Highway 421, conveniently located east of the stone quarry. The building itself includes an office, two restrooms, and a 14' x 22' storage shed. Ample parking is provided by an existing asphalt lot. Adding significant value is an adjacent vacant 0.30-acre asphalt lot situated across the highway, offering considerable expansion potential. The property's previous use as a used car lot suggests diverse possibilities for future occupants. Ideal uses could include a car lot, detailing business, car audio installation, trades business, or even a dog grooming facility. The property's strategic location, combined with its existing infrastructure and ample space, makes it an attractive proposition for a variety of commercial ventures. The asking price for this combined property is $259,000. This presents a rare chance to acquire a well-positioned commercial property with significant upside potential in a thriving Indiana community.

    Property Features for 1775 Us 421

    General Information

    Property type
    Land
    Square Feet
    1,344 SF

    HighLights

    • 1,344 sq ft retail building in Delphi, IN, at 7th St & US Hwy 421.
    • Includes office, two restrooms, and a 14' x 22' storage shed.
    • Ample asphalt parking.
    • Adjacent 0.30‑acre vacant asphalt lot across the highway.
    • Asking price: $259,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Delphi
    County
    Carroll
    State
    Indiana
    Longitude
    -86.6901214
    Latitude
    40.5898271

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    FAQs

    What type of property is this?
    Land - Prime Retail Space & Land, Delphi, IN
    Where is this land located?
    The property is located at 1775 Us 421 Delphi, IN.
    What is the asking price?
    The asking price for this property is $259,000.
    What are key features of this property?
    This property features: 1,344 sq ft retail building in Delphi, IN, at 7th St & US Hwy 421.; Includes office, two restrooms, and a 14' x 22' storage shed.; Ample asphalt parking.
    Request Owner's contact information
    1775 Us 421 Delphi, IN 46923
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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
    1775 Us 421 Delphi, IN 46923
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