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Property profile & analytics
OFF-MARKET
Retail space

101 3rd St Boonville, IN 47601-1508

5,175 SF 0.08 ac lot Built 1901
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US31-2314170
Property summary
AI-generated overview

This exceptional property, located at 101 N 3rd Street in the heart of Boonville, Indiana, presents a unique investment opportunity. The two-story brick building boasts approximately 4,700 square feet of commercial space, currently configured as retail. Large, inviting front windows flood the interior with natural light. The ground floor features a functional garage door, adding versatility for various business uses. A mezzanine level provides additional retail space, expanding the overall usable area. The building's historical charm is complemented by recent updates throughout. Adding to its appeal is a completely renovated, approximately 2,025 square foot, three-bedroom, two-bathroom apartment. This residential unit offers a private entrance and stunning city views, complete with modern appliances. The apartment is a separate income-generating opportunity or could serve as owner-occupied space. The 0.08-acre lot provides ample space for the building and offers convenient access to the town square. The property is being offered in "AS IS" condition. A detailed list of recent building updates is available upon request. This mixed-use property is ideal for an investor seeking a blend of commercial and residential income streams in a desirable downtown location. The building's history, combined with its modern updates, creates a truly unique and attractive investment opportunity.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1901
Construction WOOD
Total area 5,175 SF
Lot 0.08 ac (3,485 SF)
APN 87-09-26-404-111.000-003
UPID US31-2314170
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
Current use
Occupant on record · Public records
  • SassaFrassy's Home Decor Store (Bike/Boat/Book/etc) Store
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
Sassafrassys LLC · 9 yrs held
Sassafrassys LLC
since 2017
5 recorded transactions
2022
Price N/A
2019
Price N/A
2017
$50,000
2016
$43,757
2009
$75,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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