1775 Us 421 Delphi, IN 46923
This exceptional commercial property in Delphi, Indiana, presents a unique investment opportunity. The offering encompasses a 1,344 square foot retail building situated at the intersection of 7th Street and US Highway 421, conveniently located east of the stone quarry. The building itself includes an office, two restrooms, and a 14' x 22' storage shed. Ample parking is provided by an existing asphalt lot. Adding significant value is an adjacent vacant 0.30-acre asphalt lot situated across the highway, offering considerable expansion potential. The property's previous use as a used car lot suggests diverse possibilities for future occupants. Ideal uses could include a car lot, detailing business, car audio installation, trades business, or even a dog grooming facility. The property's strategic location, combined with its existing infrastructure and ample space, makes it an attractive proposition for a variety of commercial ventures. The asking price for this combined property is $259,000. This presents a rare chance to acquire a well-positioned commercial property with significant upside potential in a thriving Indiana community.
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
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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.