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Property profile & analytics
OFF-MARKET
Mixed-use properties

370-330 Morgan St Spencer, IN 47460

3,348 SF 0.59 ac lot Built 1940
Property ID
Property summary
AI-generated overview

This exceptional mixed-use property presents a remarkable investment opportunity in the heart of Spencer, Indiana. Situated on a prominent corner lot (0.59 acres) along a main thoroughfare, this property boasts two substantial buildings and generous off-street parking, ensuring convenient access and high visibility. The main building, measuring 54 feet by 62 feet, features two large overhead doors opening into a spacious garage area, ideal for various uses. The interior also includes a retail space complete with a sales desk, two restrooms, and two offices. A significant 24-foot by 54-foot upstairs area offers versatile potential for expansion or additional workspace. A second building, a 32-foot by 62-foot by 14-foot pole barn, provides further storage or operational space, equipped with a 12-foot by 12-foot overhead door, a walk-in door, and concrete flooring. The property's current configuration includes an auto sales business, auto detailing service, and propane sales, demonstrating its adaptability to a wide range of commercial ventures. With its prime location, substantial square footage (3,348 square feet total), and flexible layout, this property offers significant potential for growth and diverse income streams. The asking price is $679,000.

Property profile
Verified
Property type Mixed-use properties
Year built 1940
Total area 3,348 SF
Lot 0.59 ac (25,700 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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