1105 Park Ave Alexandria, IN 46001-1258
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.