101 3rd St Boonville, IN 47601-1508
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.
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SassaFrassy's Home Decor Store (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.