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Property profile & analytics
OFF-MARKET Estimated value $980,000
Office Spaces

107 Main St Culver, IN 46511-1513

19,252 SF 0.31 ac lot Built 1915
Individually Owned 20-yr Hold Free & Clear
Property ID
US31-3082078
Property summary
AI-generated overview

This exceptional mixed-use property at 107 S Main Street in Culver, Indiana presents a rare opportunity to combine business and residential living. Situated on a 0.06-acre lot, this charming two-story building offers a versatile ground floor space perfectly suited for a variety of commercial uses. Imagine a storefront retail operation, a professional office, or a service-based business thriving in this prime location. The possibilities are numerous and limited only by your imagination. Upstairs, a comfortable and spacious three-bedroom, one-and-a-half-bathroom apartment provides a private residential retreat. This upper-level living area offers ample space for comfortable living, making this property ideal for owner-occupants seeking a convenient and unique lifestyle. The building's location is undeniably advantageous, just two blocks from the picturesque Lake Maxinkuckee and minutes away from the prestigious Culver Academy. Adding to its appeal, several excellent restaurants are located on the same block, providing convenient dining options and contributing to a vibrant neighborhood atmosphere. Priced at $185,000, this property represents a compelling investment for both savvy investors and those seeking the convenience of a combined work and living space. Don't miss this chance to own a piece of Culver's thriving downtown.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1915
Construction TYPE NOT SPECIFIED
Total area 19,252 SF
Lot 0.31 ac (13,662 SF)
APN 50-21-16-303-023.000-014
UPID US31-3082078
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$980k
Blend (final) Blend
$980k
Owner & transaction history
Culver Union Township Public Librar · 20 yrs held
Culver Union Township Public Librar
since 2006
1 recorded transaction
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.4M +40.2%
Auto repair, garage $1.2M +23.5%
Medical building $1.2M +22.4%
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