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    1008 South St Albion, IN 46701

    • Commercial real estate
    • 0.15 lot acres
    For Sale
    View listing
    $299,999
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1008 South St

    Year built
    1970
    Lot size
    0.15 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional commercial property at 1008 E South Street in Albion, Indiana presents a unique investment opportunity. The 0.15-acre site encompasses not only the existing building but also an additional five lots, totaling six city lots. This expansive footprint offers significant potential for redevelopment or expansion. Currently zoned R3, the property allows for a variety of uses and presents the possibility of rezoning to accommodate specific business needs. The building itself, previously utilized as a church, boasts considerable square footage and offers a flexible layout adaptable to a wide range of commercial ventures. Imagine transforming this space into a thriving daycare center, a vibrant community hub, or a unique retail establishment. The possibilities are truly endless. The strategic location in Albion provides excellent visibility and accessibility, making it an ideal choice for entrepreneurs and investors seeking a high-impact property. This is a rare chance to acquire a substantial commercial property with significant development potential in a growing community. The asking price of $299,999 reflects the exceptional value and potential return on investment this property offers. Don't miss this opportunity to shape the future of Albion's commercial landscape.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albion
    County
    Noble
    State
    Indiana
    Longitude
    -85.4115
    Latitude
    41.3938

    Comparable in this City

    • Value Estimation by Request
      1.33 Acres

      State Rd 9th 9

      COMMERCIAL (GENERAL) • 1.33 Acres
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    • Value Estimation by Request
      100 SF

      Us 33

      COMMERCIAL (GENERAL) • 100 SF
      Us 33, Albion, IN 46701
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    • Value Estimation by Request
      1,111 SF

      1344 500th N

      COMMERCIAL (GENERAL) • 1,111 SF
      1344 500th N, Albion, IN 46701-9758
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    • Value Estimation by Request
      3,554 SF

      110 Jefferson St

      COMMERCIAL (GENERAL) • 3,554 SF
      110 Jefferson St, Albion, IN 46701-1232
      View Details
    • Value Estimation
      $330,000
      9,698 SF

      112 Main St

      COMMERCIAL (GENERAL) • 9,698 SF
      112 Main St, Albion, IN 46701-1114
      View Details
    • Value Estimation
      $300,000
      6,819 SF

      104 Main St

      COMMERCIAL (GENERAL) • 6,819 SF
      104 Main St, Albion, IN 46701-1114
      View Details

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    Albion, IN 46701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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