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OFF-MARKET
Investment properties

1431 Hwy Borden, IN 47106

0.49 ac lot Built 1980
Property ID
Property summary
AI-generated overview

This exceptional 2900+ square foot multi-use building presents a unique investment opportunity in Borden, Indiana. Situated on a nearly half-acre lot backing up to a creek, this property offers remarkable versatility. Previously used as a church, its adaptable layout lends itself to a variety of uses, including residential conversion. The interior features a spacious full eat-in kitchen, three bedrooms, one full bathroom with laundry hookups, and two half bathrooms. A large, open area measuring over 30' x 30' provides ample space for a great room, or could be easily subdivided to create additional rooms. Two sizable storage closets/rooms are conveniently located near this open area. Recent updates include fresh paint, new carpeting and vinyl flooring, newer windows, and a newer roof. The property's size and layout make it ideal for a range of commercial ventures. Potential uses include child or elder care facilities, youth centers, food pantries, bakeries, sandwich shops, flea markets, antique shops, or thrift stores. Square footage and room sizes are approximate. This property is listed under both commercial and residential MLS numbers. Don't miss this chance to own a versatile property with significant potential.

Property profile
Verified
Property type Investment properties
Year built 1980
Lot 0.49 ac (21,344 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
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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