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    Property profile & analytics

    112 Main St Bourbon, IN 46504-1646

    • Commercial real estate
    • 4,667 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    $295,000
    Last Sale
    Aug 09, 2023
    Location Intelligence
    Property ID
    US31-1743092
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Main Street Boutique & Salon / Massage Therapist / Tanning Salon
    • The Way / Religious Institution
    • Leave It All Behind Therapeutic Massage / Massage Therapist
    • B.I.G. Load Laundry / Laundromat

    Property Details for 112 Main St

    Year built
    1915
    Construction
    WOOD
    Lot size
    0.06 lot acres
    Property size
    4,667 SF
    Property type
    Commercial real estate
    APN
    50-34-19-103-138.000-002
    APU
    503419103138000002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $390,000
      6.5%
      $395,000
      7%
      $400,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $380,000
      Geo Method
      $375,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $440,000
      Retail
      $350,000
      Mixed-Use
      $340,000
      Hospitality
      $345,000
      Educational
      $440,000
      Residential Income
      $320,000
      Energy
      $405,000
      Income-Based Land
      $440,000
      Food Service
      $430,000

    Location Insight

    • Map
    • Local Demand
    City
    Bourbon
    County
    Marshall
    State
    Indiana
    Longitude
    -86.1159
    Latitude
    41.296
    CBSA code
    38500
    CBSA name
    PLYMOUTH, IN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,486
    $7,100
    $88,100
    $95,200
    -
    $7,100
    $88,100
    $95,200

    Comparable in this City

    • Value Estimation by Request
      1,980 SF

      410 12th E Ctr St

      COMMERCIAL (GENERAL) • 1,980 SF
      410 12th E Ctr St, Bourbon, IN 46504-1632
      View Details
    • Value Estimation by Request
      14,598 SF

      106 Main St

      COMMERCIAL (GENERAL) • 14,598 SF
      106 Main St, Bourbon, IN 46504-1646
      View Details
    • Value Estimation by Request
      1,292 SF

      Thayer St

      COMMERCIAL (GENERAL) • 1,292 SF
      Thayer St, Bourbon, IN 46504
      View Details
    • Value Estimation
      $335,000
      10,872 SF

      102 Main St

      COMMERCIAL (GENERAL) • 10,872 SF
      102 Main St, Bourbon, IN 46504-1646
      View Details
    • Value Estimation by Request
      12,161 SF

      110 En St

      COMMERCIAL (GENERAL) • 12,161 SF
      110 En St, Bourbon, IN 46504-1611
      View Details
    • Value Estimation by Request
      2,808 SF

      109 Main St

      COMMERCIAL (GENERAL) • 2,808 SF
      109 Main St, Bourbon, IN 46504-1645
      View Details
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    112 Main St
    Bourbon, IN 46504-1646
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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