1008 South St Albion, IN 46701
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.
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.