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 Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albion
- County
- Noble
- State
- Indiana
- Longitude
- -85.4115
- Latitude
- 41.3938
