401 Merrill St Fortville, IN 46040
- Office Properties & Spaces
- 1,472 SF
- 0.36 lot acres
Current Use by Public Records
- Hiday Construction Inc / Home Builder
Property Details for 401 Merrill St
- Year built
- 1910
- Lot size
- 0.36 lot acres
- Property size
- 1,472 SF
- Property type
- Office Properties & Spaces
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fortville
- County
- Hancock
- State
- Indiana
- Longitude
- -85.8484
- Latitude
- 39.9309
