Financial
Distress signals
Property profile

1515 A St Elwood, IN 46036

OFF-MARKET
Other commercial real estate
Property ID
US31-1201927
24,540 SF 0.38 ac lot Built 1908
Last sale Feb 2024 · $17,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a mixed-use commercial building totaling approximately 12,000 SF, constructed in 1908, and configured with multiple functional areas and access points. The front portion includes an approximately 4,000 SF bar and restaurant setup with a possible additional approximately 2,000 SF expansion area. A separate approximately 2,000 SF street-facing suite is designed for retail or office use, and an approximately 6,000 SF rear area provides open space suitable for storage, production,

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$170k
Assessed land$19k
Assessed improvement$151k
Effective rate3.00%

Value estimate

· Sep 2026
$90k
$81k – $99k
AI approach$90k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$37/SF
County average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$16 – $63

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMADISON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency31.6
Restaurant21.9
Law Firm20.3

Location

1515 A St Elwood, IN 46036-2008
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
115 Anderson, Elwood, IN 46036-2014 $150,000 Jan 2025 6,600 SF
7768 State Rd 28, Elwood, IN 46036-8968 $300,000 Aug 2024 5,500 SF
412 9th, Elwood, IN 46036-1417 $200,000 Feb 2023 4,000 SF
112 Anderson, Elwood, IN 46036-2013 $80,000 Apr 2022 4,466 SF
715 22nd, Elwood, IN 46036-2521 $335,000 Jul 2021 3,444 SF
216 16th, Elwood, IN 46036-2005 $16,000 Apr 2021 6,625 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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