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Property profile & analytics
OFF-MARKET
Commercial real estate

114 Broad St Mooreland, IN 47360

2,880 SF 0.1 ac lot Built 1900
Trust Owned 6-yr Hold Free & Clear
Property ID
US31-2578325
Property summary
AI-generated overview

This exceptional investment opportunity is located in the heart of Mooreland, Indiana, at 114 S Broad Street. The property encompasses a sizable 0.1-acre lot and features two existing structures totaling approximately 3,700 square feet of commercial space. One building offers 2,800 square feet, while the second building provides an additional 900 square feet. While both buildings require renovation and repair, their substantial size presents a significant opportunity for redevelopment. The property's strategic location benefits from convenient street parking in front and dedicated off-street parking on the south side. This property's history as Mooreland's former grocery store speaks to its prime location within the community. The recent addition of a Pizza King to the area further underscores Mooreland's revitalization and growth, making this a compelling investment prospect for entrepreneurs and developers seeking to capitalize on a thriving community. The asking price is $24,500. This presents a rare chance to acquire a substantial commercial property in a growing Indiana town at an attractive price point. The property's size and location offer considerable potential for a variety of commercial uses. Serious inquiries are encouraged.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Construction WOOD
Total area 2,880 SF
Lot 0.1 ac (4,182 SF)
APN 33-08-23-310-110.000-002
UPID US31-2578325
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
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Pensco Trust Company LLC · 6 yrs held
Pensco Trust Company LLC
since 2019
4 recorded transactions
2019
Price N/A
2015
Price N/A
2012
$20,672
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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