You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Commercial real estate

1008 South St Albion, IN 46701

0.15 ac lot Built 1970
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1970
Lot 0.15 ac (6,534 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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1008 South St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message