Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    101 Main St Cloverdale, IN 46120

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    101 Main St Cloverdale, IN 46120

    View on Map
    • Retail space
    • 2,384 SF
    • 0.29 lot acres
    Off-Market
    Property ID
    US31-0470377
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ye Ole Inn / Bar & Pub

    Property Details for 101 Main St

    Year built
    1920
    Construction
    WOOD
    Lot size
    0.29 lot acres
    Property size
    2,384 SF
    Zone code
    ZO01
    Property type
    Retail space
    APN
    67-15-06-204-038.000-003
    APU
    671506204038000003

    Description

    This exceptional commercial property, located at 101 S Main Street in Cloverdale, Indiana, presents a unique investment opportunity. Situated on a sizable 0.29-acre lot, this general commercial building offers significant potential for a variety of uses. The property's address places it in a high-traffic area of Cloverdale, ensuring excellent visibility and accessibility for any business. The asking price is $350,000, representing a compelling value for a property of this size and location in a thriving Indiana community. While the square footage is currently unavailable, the substantial lot size allows for ample expansion or redevelopment possibilities, catering to a wide range of commercial ventures. The property's prime location and versatile nature make it an ideal investment for both established businesses seeking to expand and entrepreneurs looking to establish a new presence in Cloverdale. Further due diligence is encouraged to fully assess the property's potential and to determine its suitability for specific business plans. This is a rare opportunity to acquire a significant commercial property in a desirable location. Don't miss out on this chance to secure a valuable asset in the heart of Cloverdale.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cloverdale
    County
    Putnam
    State
    Indiana
    Longitude
    -86.7939
    Latitude
    39.5104
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,742
    $24,500
    $51,600
    $76,100
    -
    $24,500
    $51,600
    $76,100

    Comparable in this City

    • Value Estimation by Request
      4,015 SF

      103 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,015 SF
      103 Main St, Cloverdale, IN 46120
      View Details
    • Value Estimation
      $935,000
      11,450 SF

      10 Crosswinds Dr

      RETAIL STORES (PERSONAL SERVICES) • 11,450 SF
      10 Crosswinds Dr, Cloverdale, IN 46120-8412
      View Details
    • Value Estimation by Request
      5,231 SF

      354 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,231 SF
      354 Main St, Cloverdale, IN 46120-9600
      View Details
    • Value Estimation by Request
      2,760 SF

      10 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,760 SF
      10 Main St, Cloverdale, IN 46120-8531
      View Details
    • Value Estimation by Request
      4,301 SF

      2 High St

      RETAIL STORES (PERSONAL SERVICES) • 4,301 SF
      2 High St, Cloverdale, IN 46120-8655
      View Details
    • Value Estimation by Request
      408 SF

      10988 Lewisville Rd

      RETAIL STORES (PERSONAL SERVICES) • 408 SF
      10988 Lewisville Rd, Cloverdale, IN 46120-9342
      View Details

    Similar Nearby for Sale

    • $2,398,000

      Land For Sale Cloverdale, IN

      Land available for purchase in Cloverdale, Indiana.
      2475 W County Road 1050 S, Cloverdale, IN 46120
      View Details
    • $500,000
      19.26 Acres

      Cloverdale Land with Development Potential

      Investment property with development possibilities, road frontage, and convenient location.
      925 S County Road 125 E, Cloverdale, IN 46120
      View Details
    • $200,000
      4.05 Acres

      Cloverdale Commercial Land Parcel

      4.05-acre commercial lot, prime location.
      0 Main St, Cloverdale, IN 46120
      View Details
    • $2,840,000
      142.00 Acres

      142 Acres Investment Property

      142 acres zoned Ag, bordering equestrian center, development potential.
      90 E & 125 E, Cloverdale, IN 46120
      View Details
    • Contact for pricing

      Commercial Land Near I-70 Access

      Commercial land with high visibility and excellent I-70 access.
      1011 N Main St, Cloverdale, IN 46120
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo

      Retail Space in Cloverdale, Indiana

      1,500 sq ft retail space in thriving Cloverdale, Indiana.
      5 N Main St, Cloverdale, IN 46120
      View Details
    • $1,000 /Mo
      50,094 SF

      Commercial Land in Cloverdale, IN

      Commercial land available for rent in Cloverdale, Indiana.
      N Main St, Cloverdale, IN 46120
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    101 Main St
    Cloverdale, IN 46120
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!