5015 Front St Depauw, IN 47115
This exceptional investment opportunity in Depauw, Indiana, presents a unique combination of retail, gas station, and warehouse space. The property encompasses three buildings totaling approximately 18,540 square feet on a sizable lot. The main building, formerly Satterfield Store, offers approximately 5,740 square feet, including a service elevator and loading dock. A second building houses a gas station with two pumps and a one-bay garage/mechanic shop (approximately 1,080 square feet). The third building, a substantial warehouse/venue space, boasts approximately 11,000 square feet, featuring 15-foot ceilings in the open area, a second floor with wood floors, all restrooms, a service elevator, and a loading dock. The property also includes a convenient parking lot near the warehouse. The property is zoned B-1 and is being sold as-is, where-is. The location is strategically positioned 7.7 miles from Marengo Cave, 4.6 miles from North Harrison Middle School, and 15 miles from Georgetown Drive-In. The property is available for occupancy on September 27, 2024. This is a rare opportunity to acquire a multi-faceted commercial property with significant potential. The asking price is $275,000.
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Satterfield's Lawn & Garden/Garage General Contractor Hardware & Home Improvement
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.