401 Michigan St, Burlington, IN 46915
This exceptional 3,670 square foot retail space, located at 401 S Michigan St in Burlington, Indiana, presents a unique investment opportunity. Previously a bank, this well-maintained Class B building boasts a solid 1971 construction and sits on a 13,200 square foot lot. The property features a prominent vault, numerous security deposit boxes, and a drive-through teller window with recently poured concrete. The flexible floor plan allows for diverse uses, including restaurants, bakeries, offices, or even another bank. Currently, a four-year agreement with Horizon Bank generates additional income through a self-operated ATM. The building benefits from convenient access to SR29/US421, ensuring high visibility and traffic. Recent improvements include a new gas furnace and mold remediation. Parking is available both in front of the building and in an additional lot at the rear, offering potential for expansion. Zoned B3 Central Business, this property is priced at $279,999 ($76.29/sq ft). Bakery renderings are available upon request. This is a truly blank slate, ready for your vision.
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Horizon Bank Bank Loan Service
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Katie's Joyful Memories Photography Photography Service (Bike/Boat/Book/etc) Store
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
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.