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Property profile & analytics
OFF-MARKET
Commercial real estate

838 57 Hwy Elnora, IN 47529

0.89 ac lot Built 1966
Property ID
Property summary
AI-generated overview

This 0.89-acre commercial property located at 838 S 57 Highway in Elnora, Indiana, presents a unique investment opportunity. Priced at $45,900, the property includes an existing building that requires substantial renovation. The site is situated in a high-traffic area, offering significant potential for a variety of commercial uses. The existing structure's square footage is not currently specified, and a thorough assessment of its condition is recommended before any purchase decision. Given the need for renovation, this property is ideal for buyers seeking a project with significant upside potential. The high-traffic location makes it an attractive site for businesses seeking strong visibility and accessibility. Buyers should conduct their own due diligence to determine the feasibility of their intended use and the scope of necessary renovations. The property's location in Elnora offers access to local amenities and a growing community. This is a prime opportunity to acquire a commercial property in a desirable location at an attractive price point, allowing for customization and development to suit a specific business plan. Serious inquiries are encouraged to explore the possibilities this property offers. The property is sold as-is.

Property profile
Verified
Property type Commercial real estate
Year built 1966
Lot 0.89 ac (38,768 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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