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Property profile & analytics
OFF-MARKET
Commercial real estate

1105 Park Ave Alexandria, IN 46001-1258

9,000 SF 0.87 ac lot Built 1994
Individually Owned 2-yr Hold Free & Clear
Property ID
US31-0703456
Property summary
AI-generated overview

This exceptional commercial property, situated on a 1.04-acre corner lot at 1105 N Park Avenue in Alexandria, Indiana, offers unparalleled potential. The 9,000 square foot pole building, currently housing an auction gallery, boasts a highly desirable location on State Road 9, ensuring maximum visibility and accessibility. Zoned B-2 (General Business), this versatile space presents numerous redevelopment opportunities. The existing structure features four overhead doors, a fully equipped kitchen, office space, and separate men's and women's restrooms. City utilities are readily available. The property's prime location makes it ideal for a wide range of commercial ventures, including but not limited to: an event center, pharmacy, car dealership, multi-family or senior housing complex, restaurant, or a multi-tenant retail or office complex. The high traffic count on State Road 9 guarantees significant exposure. While the property is approximately 1.04 acres, a survey will be conducted to determine the exact acreage at the time of sale. This is a rare opportunity to acquire a substantial commercial property in a thriving location with significant upside potential. Don't miss out on this chance to establish your business in a highly visible and convenient setting.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1994
Construction WOOD
Total area 9,000 SF
Lot 0.87 ac (37,897 SF)
APN 48-06-18-200-060.000-022
UPID US31-0703456
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
by Request
Blend (final) Blend
by Request
Owner & transaction history
Billy J Coots · 2 yrs held
Billy J Coots
since 2023
2 recorded transactions
2023
Price N/A
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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