360/362 Main Cross St Charlestown, IN 47111
This unique Charlestown property, located at 360/362 Main Cross Street, presents a compelling investment opportunity. Situated on a 0.18-acre lot in the heart of Charlestown's town square, the building currently operates as an antique store. However, its true potential lies in its adaptability. The main floor offers ample space for a variety of commercial uses, while the upstairs area boasts its own electrical box, presenting a significant opportunity for conversion into a one-bedroom apartment. This dual-use potential makes it an ideal investment for those seeking both commercial rental income and residential rental income. The building's central location within the growing city of Charlestown ensures high visibility and accessibility. The property's current configuration provides a solid foundation for immediate income generation, while the upstairs space offers significant upside potential for future development and increased revenue streams. This is a rare chance to acquire a versatile property in a thriving location, offering a blend of immediate return and long-term growth prospects. The possibilities for this space are extensive, making it an exceptional investment opportunity in a dynamic market. Serious inquiries are encouraged to explore the full potential of this unique property.
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
Similar Nearby for Lease
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.