1431 Hwy Borden, IN 47106
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.