68/72 Main St Danville, IN 46122
This exceptional investment opportunity presents two adjacent, meticulously renovated buildings in the heart of Danville, Indiana. Situated next to the popular Mayberry CafГ©, this property boasts a prime downtown location with excellent visibility and accessibility. The main building, a two-story all-brick structure, underwent a complete gut renovation in 2020, utilizing premium materials throughout. Nine luxurious office spaces feature 10-foot ceilings, recessed lighting, ceramic tile, ceiling fans, and laminate flooring. A spacious conference room and a well-equipped kitchen cater to professional needs. A large retail space on the ground floor includes a tray ceiling and ceiling fan, offering versatile commercial potential. Additional features include an assistant's office, a separate file room, and a substantial 20x15 storage room. All offices are equipped with keyless entry systems for enhanced security and convenience. The property also includes a rear entry with ample public parking. The front office, currently used by the owner, showcases impressive display windows, marble tile floors, and elegant marble trim. Upstairs, four remodeled apartments provide additional income streams: two one-bedroom units, one two-bedroom unit, and a manager's efficiency unit. The second building is adjacent and complements the main structure, adding to the overall value and potential of this unique property. This property offers a blend of commercial and residential income potential, making it an ideal investment for discerning buyers seeking a high-quality, well-maintained asset in a thriving downtown area.
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.