838 57 Hwy Elnora, IN 47529
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.
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
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.