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Property profile & analytics
FOR SALE
Commercial real estate

111 E Main Cross St Edinburgh, IN 46124

8,153 SF 0.09 ac lot Built 1930
Individually Owned 16-yr Hold Absentee Owner Free & Clear
Property ID
US31-1157025
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1930
Construction WOOD
Total area 8,153 SF
Lot 0.09 ac (3,864 SF)
APN 41-12-34-031-005.000-002
UPID US31-1157025
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Galen L Burton · 16 yrs held
Galen L Burton
since 2010
2 recorded transactions
2010
$25,000
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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