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Property profile & analytics
OFF-MARKET
Office Spaces

360/362 Main Cross St Charlestown, IN 47111

0.18 ac lot Built 1960
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 1960
Lot 0.18 ac (7,841 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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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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