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    Property profile & analytics

    107 Main St Borden, IN 47106

    • Retail space
    • 576 SF
    • 0.04 lot acres
    For Sale
    View listing
    $49,900
    Value Estimation
    Last Sale
    Dec 20, 2022
    $45,000
    Location Intelligence
    Property ID
    US31-2717955
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 107 Main St

    Year built
    1926
    Construction
    WOOD
    Lot size
    0.04 lot acres
    Property size
    576 SF
    Property type
    Retail space
    APN
    10-16-00-300-157.000-036
    APU
    101600300157000036

    Description

    This unique 1926 building at 107 Main Street, Borden, Indiana, presents a rare investment opportunity. Previously a barbershop with a rich history spanning two owners, this property offers a captivating blend of nostalgia and commercial potential. Originally established in 1926, the building boasts intriguing historical features, including rumored Prohibition-era uses. Its convenient location directly across from Borden High School provides excellent visibility and accessibility. The property includes two antique barber chairs (sold separately), adding to its character and potential for themed businesses. While currently configured as a barbershop, the building's versatile layout lends itself to a variety of commercial uses. The sale is AS-IS, allowing for creative redevelopment, though inspections are welcomed to assess the property's condition. The building's history, combined with its prime location, makes it an exceptional opportunity for an investor seeking a unique and potentially lucrative venture in the heart of Borden. The property is situated on a 0-acre lot. The asking price is $49,900. The square footage is not specified.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $65,000

    • CAP approach

      CAP return
      Estimation
      6%
      $70,000
      6.5%
      $80,000
      7%
      $70,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $85,000
      Geo Method
      $80,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $70,000
      Retail
      $70,000
      Mixed-Use
      $80,000
      Hospitality
      $95,000
      Educational
      $65,000
      Residential Income
      $80,000
      Energy
      $75,000
      Income-Based Land
      $95,000
      Food Service
      $70,000

    Location Insight

    • Map
    • Local Demand
    City
    Borden
    County
    Clark
    State
    Indiana
    Longitude
    -85.9473
    Latitude
    38.4682
    CBSA code
    31140
    CBSA name
    LOUISVILLE-JEFFERSON COUNTY, KY-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
    $849
    $2,800
    $39,600
    $42,400
    -
    $2,800
    $39,600
    $42,400

    Comparable in this City

    • Value Estimation by Request
      0.21 Acres

      102 Water St

      RETAIL STORES (PERSONAL SERVICES) • 0.21 Acres
      102 Water St, Borden, IN 47106-8935
      View Details
    • Value Estimation by Request
      1,623 SF

      614 Water St

      RETAIL STORES (PERSONAL SERVICES) • 1,623 SF
      614 Water St, Borden, IN 47106-8925
      View Details
    • Value Estimation by Request
      1,703 SF

      105 Market St

      RETAIL STORES (PERSONAL SERVICES) • 1,703 SF
      105 Market St, Borden, IN 47106-8918
      View Details
    • Value Estimation
      $400,000
      8,400 SF

      109 Water St

      RETAIL STORES (PERSONAL SERVICES) • 8,400 SF
      109 Water St, Borden, IN 47106-8808
      View Details
    • Value Estimation by Request
      768 SF

      306 Hwy 60

      RETAIL STORES (PERSONAL SERVICES) • 768 SF
      306 Hwy 60, Borden, IN 47106
      View Details
    • Value Estimation by Request
      1,469 SF

      319 Water St

      RETAIL STORES (PERSONAL SERVICES) • 1,469 SF
      319 Water St, Borden, IN 47106
      View Details

    Similar Nearby for Sale

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    • $300,000
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      Wooded Acreage with Panoramic Views

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    • $160,000
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    107 Main St
    Borden, IN 47106
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    Realmo Value Estimation

    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.

    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.

    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
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