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    OFF-MARKET
    Office Spaces

    301 Utica St, Sellersburg, IN 47172

    0.25 ac lot Built 1985
    Property ID
    Property summary
    AI-generated overview

    This prime commercial property, located at 301 E Utica Street in Sellersburg, Indiana, presents a unique investment opportunity. The two-story brick building boasts a highly visible corner location at the intersection of Utica and New Albany Streets, within the established downtown business district, near the Town Hall. The building offers 2,772 square feet of renovated first-floor office space, fully furnished with built-in workstations and furniture. Upstairs, three apartment units totaling 2,122 square feet provide additional income potential, accessed via a private coded entrance. This income-producing property is ready for immediate occupancy. The 0.25-acre lot offers convenient access to IN-60 and is minutes from the I-65 interchange, providing easy access to shopping, schools, and expressways. The property is approximately 15 minutes north of Louisville, Kentucky. The sale is an online auction concluding November 20th at 2 PM, with a 10% buyer's premium added to the final bid. A 10% non-refundable down payment (cash, check, or wire transfer) is due within 24 hours of the auction's close, with the balance due in 40 days. The property is sold "as is," without contingencies, though inspections are welcomed prior to the auction. Financing is not subject to approval or appraisal. All closing costs are the buyer's responsibility. Possession is granted at closing, subject to existing tenant rights. Taxes are prorated to the closing date. The seller estimates the lot size to be smaller than the courthouse records indicate. Detailed terms are available in the Auction Bid Packet.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1985
    Lot 0.25 ac (10,890 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Tek4Kids Charitable Organization Social Service Agency
    • Shepherd Insurance Insurance Agency
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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