111 E Main Cross St Edinburgh, IN 46124
For Sale
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This exceptional mixed-use property, located at 111 E Main Cross Street in the heart of Edinburgh's historic district, presents a unique investment opportunity. The building boasts a total of 8,153 square feet, offering significant potential for expansion and diverse income streams. Currently, the first floor features a leased retail space, generating immediate rental income. Above, a second-floor apartment is already in place, providing additional revenue potential. The existing structure offers ample space to develop additional residential units, further enhancing the property's value and return on investment. The building has undergone a restoration, ensuring its historical charm is preserved while offering modern functionality. Situated on a 0.09-acre lot, the property benefits from its prime location in the vibrant downtown area, providing excellent visibility and accessibility. This is an ideal acquisition for investors seeking a strong return or business owners looking to expand their operations into a beautifully restored, historic building. The property's size and versatile layout offer considerable flexibility for a variety of uses, making it a truly exceptional opportunity in the thriving Edinburgh market. The asking price is $350,000.
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
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.