Technical
Financial
Distress signals
Property profile

401 Merrill St Fortville, IN 46040

OFF-MARKET
Office Spaces
1,472 SF 0.36 ac lot Built 1910
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This 1,472 square foot executive office building, located at 401 S Merrill St in Fortville, Indiana, presents a unique owner-user or redevelopment investment opportunity. Built in 1910, this Class B property sits on a 0.357-acre lot and boasts a prime location in the heart of downtown Fortville, a rapidly growing area of Hancock County. Currently vacant, the building offers excellent visibility on US 36/W Broadway Street, a main thoroughfare with high traffic counts (13,327 AADT). The property is zoned CC, with a commercial zoning variance. Eight parking spaces are available directly in front, with additional parking in a rear lot (20 spots). The asking price is $300,000, translating to $203.80 per square foot. The two-story building offers great potential for a business seeking a prominent downtown location, with the possibility of additional parking by removing a small outbuilding. The property's proximity to a vibrant downtown area, featuring local restaurants, breweries, boutiques, and national tenants, adds to its appeal. This is a rare chance to acquire a historic building with significant redevelopment potential in a thriving Indiana community.

Property profile

Verified
Property type Office Spaces
Year built 1910
Total area 1,472 SF
Lot 0.36 ac (15,551 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor

Location

401 Merrill St Fortville, IN 46040
Fortville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 401 Merrill St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message