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Property profile & analytics
OFF-MARKET
Retail space

107 Anderson St Sandborn, IN 47578

765 SF 0.04 ac lot Built 1913
Individually Owned Free & Clear
Property ID
US31-1183770
Property summary
AI-generated overview

This attractive commercial property, situated at 107 S Anderson Street in Sandborn, Indiana, presents a unique investment opportunity. Priced at $22,500, this building offers significant potential for a variety of uses. The property sits on a 0.04-acre lot and boasts a spacious layout ideal for adaptation. Previously utilized as a hair salon, the building features a large, open room bathed in natural light, creating a welcoming and airy atmosphere. This main area is complemented by a convenient half bath and an additional room, providing flexibility for expansion or specialized use. The building's central Sandborn location ensures high visibility and accessibility, making it an excellent choice for entrepreneurs seeking a well-positioned commercial space. The property's versatility allows for a range of business ventures, from retail to office space, or even a return to its previous use as a salon. The ample natural light and existing layout offer a solid foundation for immediate occupancy and customization. This is a rare opportunity to acquire a well-located commercial building at an attractive price point in the heart of Sandborn. Serious inquiries are encouraged to explore the possibilities this property offers. The square footage is not currently available.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1913
Construction WOOD
Total area 765 SF
Lot 0.04 ac (1,699 SF)
APN 42-02-04-404-010.000-014
UPID US31-1183770
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
CAROLYN J LACY
CAROLYN J LACY
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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